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What We Provide

Extensive Coverage
The mandatory MCST fire insurance or the fire insurance you acquired together with your home loan, usually covers only the building structure or common areas and this may not be sufficient. AIA CoverMax complements these policies by protecting almost everything else within your home - from floor to ceiling.

SCHEDULE OF BENEFITS	PARAMOUNT ($)	PREMIER ($)	PRIME ($)
Contents Benefit extended to include Fixtures & Furnishings* - Loss of rent (max. $250 per day) - Damage or loss of household contents temporarily removed by professional movers - Loss or damage to frozen food due to breakdown of deep-freeze unit - Accidental death or theft of pedigree pets - Replacement of locks and keys due to named perils - Personal valuables damaged by named perils or stolen within building (max. $2,000 per item) - Alternative accomodation (max. $250 per day)	300,000 30,000 9,000 250 500 250 20,000 12,000	200,000 20,000 6,000 250 500 250 20,000 8,000	100,000 10,000 3,000 250 500 250 10,000 4,000
Worldwide Unscheduled Personal Valuables* - Hospitality expenses of hole-in-one achievement - Loss of check-in luggage (payment in excess of airline compensation) Per person Per family - Loss and misuse of Credit Card or ATM cards	2,000 500 1,500 2,000 1,000	2,000 500 1,500 2,000 1,000	2,000 500 1,500 2,000 1,000
Emergency Hardship Expenses Benefit When the property insured is uninhabitable for occupancy in the event of any named perils	3,000	3,000	3,000
Worldwide Purchase Protection Benefit (for up to 14 days) Protects your new purchase (with receipts) against theft, worldwide	500	500	500
Worldwide Personal Liability When held legally liable for causing bodily injury or property damage to third party due to negligence	500,000	500,000	500,000
Worldwide Medical Reimbursement for Accidents** Extended to spouse and children	250	250	250
Worldwide Accidental Death Benefit** Extended to spouse and children	20,000	20,000	20,000
SPECIAL FEATURE Maintenance Fee Protection Benefit** (for insured only) In an event of death due to accident or illnesses, the maintenance fee will be covered	3,000	3,000	3,000
SPECIAL FEATURE No Claim Bonus Benefit Reduction in premium for the first 3 years in the event that no claims were made	5% discount per annum	5% discount per annum	5% discount per annum
SPECIAL FEATURE Inflation Protector Benefit Increase in coverage for the first 5 years for Contents Benefit extended to include Fixtures & Furnishings	5% increase per annum	5% increase per annum	5% increase per annum
5-Year Premium Waiver** (for insured only) In event of Death/Total Permanent Disability, your premium will be waived for 5 years	Yes	Yes	Yes
ANNUAL PREMIUM (with GST)	753.92	520.23	286.55
MONTHLY PREMIUM (with GST)	66.34	45.77	25.21

*Note: The amounts paid out for extensions will be deducted from the respective benefit sum assured.
**Unless otherwise stated, coverage is provided to insured and spouse who are below the age of 65; coverage is also provided to children who are between 1 and 24 years old, full time student and are unmarried.

No Claim Bonus Benefit
Your premium reduces by 5% annually in the event that there are no claims made in the previous year(s). You may save 5% on premiums every year up to 3 consecutive years.

Inflation Protector Benefit
With this policy, you need not worry about inflating property material and labour prices. Your coverage automatically increases by 5% annually for the first 5 years.

Maintenance Fee Protection Benefit
You and your family need not worry about the monthly maintenance fee or conservancy charges. A benefit of up to $3,000 is provided in the event of death due to accidents or illnesses.

Emergency Hardship Expenses Benefit
In the event your home is rendered inadequate for occupancy, up to $3,000 is provided to tide you over this difficult period. This amount is provided to cover any of your daily necessities or personal effects that were destroyed by any of the named perils.

Worldwide Purchase Protection Benefit
With AIA CoverMax, your new purchases are secured. In the event of theft, within 14 days from the date of purchase, AIA will cover the items you have purchased.

First Loss Policy
This feature ensures that the insured will not be penalised in the event of underinsurance

Full Theft Coverage
In event of burglary, evidence of forcible or violent entry is not required.

Worldwide Coverage
Even when you are out of Singapore, AIA CoverMax continues to provide protection.

Extended Coverage
Immediate family members residing in the same home are included in the AIA CoverMax coverage.

Important Notes:

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.

This insurance plan is underwritten by AIA Singapore Private Limited (AIA). All insurance applications are subject to AIA’s underwriting and acceptance.

The information is correct as at 19 May 2011.