Consider the following fact: Almost 20,0002 people were retrenched in 2002. That means every day, on average, 50 people became jobless.

Unfortunately, the reality these days is that there is no lifetime employment anymore. And, with the outbreak of SARS and the slow down in the economy, the bad news is that unemployment could worsen even further.

Letting Go of Your Familys Financial Security is the Last Thing You Want When You Are Unemployed
If you are retrenched and without a monthly income, your savings may only be enough to see you through for a short while. During this period of uncertainty, it is crucial that you maintain your existing insurance coverage so that, for example, in the event of death, serious illness or hospitalisation, you and your loved ones will still be protected from a financial crisis.

Make a Wise Choice for Your Family
With AIA Family Wrapper, the premium payments for your chosen AIA regular premium policies³ will be taken care of while you are unemployed¹.

For example, for just $4.25 a month, AIA Family Wrapper will waive up to $1,000 worth of premium payments, within a 12-month period, of your chosen AIA regular premium policies³ in the unfortunate event of unemployment¹.

Enjoy the Many Benefits of AIA Family Wrapper

• The premium payments on your chosen AIA regular premium policies³ will be waived in the event of unemployment¹. You will continue to enjoy the benefits provided for under these policies.
  
• This premium waiver will apply for up to 12 months, while you remain unemployed¹.
  
• There's no limit on the number of times unemployment¹ can occur, although the maximum claimable under the plan is 36 months' premium waiver per lifetime.
  
• You can enjoy long coverage - up to age 65 or until expiry or maturity of your AIA regular premium policies³ (whichever occurs earlier)⁴.
  
• Guaranteed renewable - AIA Family Wrapper can be renewed every year, regardless of any changes in your occupation or if you've made any previous claims on the plan, provided the maximum 36 months' premium waiver per lifetime has not been exceeded.
  
• Any AIA regular premium policyholder³ aged between 16 and 60 years can apply for the plan.
  

Act Now!
So, to ensure that you and your family can still enjoy the full benefits and protection of your AIA regular premium policies³ while you are unemployed¹, contact your AIA Financial Services Consultant or call our Customer Care Hotline at 1800 248 8000 today.

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Notes:

¹ Unemployment must be as a result of involuntary job loss due to redundancy or retrenchment occurring after one year from the issue date of the policy. In addition, unemployment must be for a minimum continuous period of 3 months, after which the premiums for the past 3 months will be paid by AIA. Thereafter, premiums will be waived while you are unemployed, up to a maximum of 12 months per unemployment. The maximum claimable under AIA Family Wrapper is 36 months' premium waiver per lifetime.
² Source: Performance of the Singapore Economy in 2002 and Outlook for 2003 published by the Ministry of Trade & Industry.
³ You can choose to cover any of your AIA regular premium and limited payment whole life, endowment, term and investment-linked policies, plus any attached riders, excluding any AIA policies purchased using CPF monies or which already provide unemployment benefits.
⁴ Provided death has not occurred or the lifetime limit of 36 months' premium waiver has not been reached.

The premium rates for this plan are not guaranteed. These rates may be adjusted based on future experience. Should you decide to cease payment after a revision of premium rates, the benefits provided under these plans will be terminated.

The above is a simplified description of the product features and is neither an offer to sell any insurance product nor a contract of insurance. The precise terms and conditions of the plan are specified in the policy contract.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

This is not a contract of insurance. The precise terms and conditions of this plan are specified in the policy contract.