Priority Protection
A selection of cover options to cater for a broad range of insurance needs.
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{{label}}22 June 2020
We’re excited to announce Extras Value Protect, our new health insurance benefit for 2020 designed to ensure your clients get the most out of their Extras cover, whether they claim or not.
With Extras Value Protect your clients could receive a refund of up to 100% of their Extras premiums paid from 1 April to 31 December 2020 – protecting the value they receive from their Extras cover this year.
We know that the value of Private Health Insurance is in the access to, and choice of, hospital, medical and extras health services when needed most. However, in recent months we acknowledge that getting the most out of Extras cover may have been challenging.
Extras Value Protect has been specifically created for these unique times, and is a one-off benefit designed to protect the value of your clients’ Extras cover. Depending on their AIA Vitality Status, they’ll receive between 50% and 100% back on the Extras premiums they pay between 1 April and 31 December 2020 – minus the value of any Extras claims they make during this period. Extras Value Protect is available to members with AIA Health Insurance or myOwn health insurance policies.
It’s simple! As at 31 December 2020 we will review:
If your client has paid more in Extras premiums than they have claimed in benefits during this time – they may be eligible for a refund.
Plus, the higher their AIA Vitality Status is at the end of the year, the greater their Extras Value Protect percentage, and therefore refund:
Now there are even more reasons to encourage your clients to engage in AIA Vitality and be healthy!
To be eligible for an Extras Value Protect refund your client’s policy must be active and paid up-to-date as at the end of February 2021. Please note that any Extras Value Protect refund provided is based purely on their Extras portion of premiums paid, not their total health insurance premium.
If your client is eligible for a refund, we will notify them in January 2021 and the refund will be paid by direct deposit into their bank account in February 2021.
The most important thing for you to do is encourage your clients to look after their health and remind them that by engaging with AIA Vitality they will earn AIA Vitality Points for completing health checks and staying active - and be rewarded for their healthier choices. This will not only help them improve their wellbeing – it may also increase the Extras Value Protect refund they are entitled to.
With Extras Value Protect you can be assured your clients are receiving the best possible value out of their Extras cover, giving them the confidence, they’ve made the right choice with myOwn and AIA Health Insurance.
It’s just another way we continue to help your clients lead healthier, longer, better lives.
Please note we have recently communicated Extras Value Protect directly to your clients, including a link to these FAQs. If you have any further queries, please don’t hesitate to contact your Client Development Manager/Associate.