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    • Life Protection

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  • faqs

    • Buying Insurance Plans
    • After you’ve bought an insurance plan
    • Home Solutions & Shop Loan
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    • Others
    • Life Protection
    • Accident Protection
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    Life Protection

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    Why do I need life insurance?

    When you buy an insurance policy, you are transferring the risk of a potential financial loss to the insurance company in exchange for a fee. The insurance company, in return, promises to provide you with financial assistance if you face an unexpected loss.

    Insurance coverage should be a key component of anyone’s financial planning. We all work very hard to secure a bright future and afford a lifestyle that we can enjoy. As we keep working towards our financial goals, we must not forget to protect what we have already achieved.


    How do I know if I can be insured? Is insurance expensive?

    Each insurance application is assessed based on a person’s insurability, i.e. their age, medical profile, lifestyle and occupation. Your risk level increases as you age, reducing your insurability. The higher the risk you pose to the insurer, the higher the premiums you pay.

    Some people may be asked to pay more for their insurance coverage (usually referred to as loading) or in some cases, the insurance company may consider a person to be uninsurable. It is for these reasons that we advise you to buy insurance when you’re young and healthy.


    Which plan is right for me?

    The right plan depends on your financial objectives and also your affordability. You can select plans that provide protection; protection and savings or opt for investment-linked insurance plans (ILP). Apart from offering protection, ILP policies let you choose how much you want to invest in stocks and shares, based on your preference.


    I already have insurance which I bought 15 years ago. Do I need to upgrade my plan?

    It is important that you review your insurance every few years as you would have different needs as you progress in life. Over the years, you may have gotten married or started a family. Part of the review process is for you to consider how you would want to protect the hopes and dreams of your loved ones should the unthinkable happen to you. 

    If you purchased medical insurance many years ago, you should also review your plan to ensure that you are adequately covered today. Rapid advances in medical technology have produced an array of new treatments and medicines. The downside of it is that the cost of diagnosis and treatment becomes more expensive as new technologies are introduced. You need to ensure that your coverage amount is sufficient to keep pace with the cost of the treatments available currently.


    I already have a medical card that covers hospitalisation. Do I need to have a critical illness plan as well?

    A medical card covers all the expenses that you incur within the hospital setting. For example, if you are hospitalised due to pneumonia or appendicitis, your medical card will cover the expenses you incur during your hospitalisation.

    Meanwhile, if you are diagnosed with a critical illness such as cancer or diabetes that may not require you to be hospitalised, a critical illness plan will pay you a lump sum that you can use to pay for your medical needs as well as any other non-medical expenses that you may incur as a result of your illness. The non-medical expenses includes household help, cost of supplements, additional medical utensils for use at home and others.


    My medical card covers everything. This means I do not have to worry about having to make any payments to the hospital upon discharge.

    Many people believe that the medical card covers all the expenses. However, this is not the case. The medical card is a cashless payment facility that we provide to facilitate hassle-free admissions to panel hospitals. It does not cover tax, extra food and other exclusionary items. We advise that you check with your Life Planner to find out what items are covered under your medical card to avoid any surprises.


    Why do I need health insurance since I can get free medical care at government hospitals?

    Malaysia has one of the best public healthcare systems in the world. However, there is a misconception that everything is dispensed at no cost. Implants, stents, eye lenses and certain chemotherapy drugs must be paid for by the patient. Although it comes at a discounted rate, it can still be costly if you have a prolonged illness such as cancer.  It is best that you consider buying insurance to ease the financial burden during unforeseen circumstances.

     

     

     


    I would like to find out more about AIA’s insurance products. Who should I contact?

    We can connect you to our AIA Life Planner. Please leave us your contact details by clicking on this link or call us on 1300-88-1899.


    Accident Protection

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    Do I need to have a Personal Accident insurance plan?

    Misfortune strikes when you least expect it, and so you must ensure that you have sufficient financial support if you meet with an accident. This plan will also enable your loved ones to cope financially if you suffer an injury that leaves you permanently disabled after an accident.


    Can anyone be insured under this plan?

    Each insurance application is assessed based on a person’s insurability, i.e. their age, medical profile, lifestyle and occupation. Some people may be asked to pay more for their insurance coverage (usually referred to as loading) or in some cases, the insurance company may consider a person to be uninsurable.


    How long will I be covered for?

    Your coverage is valid until you reach your plan’s coverage age limit and as long as you continue paying your monthly payments (premiums).  Failure to make your payments could result in your coverage ending, and your plan being terminated.


    If I have a policy that covers me for Accidental Death & Dismemberment (loss of a body part) with AIA and another insurance company, will I be paid by the two companies?

    Yes, you will.


    How do I make a claim?

    You can download the claim form from here. You must complete the form, including the section on bank information. This section is important as we will bank in the approved claim amount directly into your bank account via e-payment.  Once you have completed the form, you may submit it along with the necessary documents to your Life Planner or at any of our Customer Centres.


    Commercial Insurance

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    There are 7 classes of insurance in this package. Can I purchase Fire class only?

    No. The Fire, Burglary, Money, Public Liability, Plate Glass, Employer’s Liability and Group Personal Accident classes are all packaged under our Commercial Insurance plan.


    When insuring my business’ goods or stock items, how much should I insure them for?

    You should apply for coverage of your stock at its highest value.


    Do I need to notify AIA if there are any changes to my business’ risk profile? For example, if I install hazardous goods in the premises or move my stock items to a different location?

    Yes, you must notify us of such changes immediately. If you do not do so, we may not approve your claim.


    Is armed robbery covered under both Burglary and Money insurance?

    Yes, it is.


    What does excess on my policy mean?

    Excess is when you and your insurer pay part of the losses incurred.


    Is excess applicable on my policy? How does it work?

    Yes, excess is applicable to Burglary insurance.  It is based on the type and location of your business. It also depends on whether you have any safety measures installed in the business premise, for example a central monitoring system or a burglary alarm.

    An example of when an excess is applied:

    You have a coverage amount of RM60,000 and an excess of RM10,000. If a burglary occurs and you suffer a total loss of RM60,000, you will have to bear the RM10,000 loss suffered and we will pay you the remaining RM50,000.


    I would like to find out more. Who should I contact?

    We can connect you to an AIA Life Planner. Please leave your contact details here or call our Care Line at 1300 88 1899.


    MRTA

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    I plan to buy a house. Do I need to have the Mortgage Reducing Term Assurance (MRTA)?

    Yes, we encourage you to have MRTA.  This is because buying a home is a big commitment. It will take the average homeowner up to 35 years to fully repay the home loan. MRTA is designed to provide coverage for housing loan borrowers.  When you have MRTA, it will settle any outstanding mortgage on the house if you pass away or become permanently disabled. This means you and your family will not lose your home if something unexpected happens to you.


    How does MRTA work?

    The coverage amount will slowly reduce each year until it becomes zero at the end of the tenure of the home loan. If anything happens to you during your mortgage period, we will pay the claim based on the balance of your housing loan.

    You have a choice to choose a lump sum MRTA premium payment or to incorporate the MRTA premium into your housing loan monthly installment.


    Who will bear the cost of the medical examination if it is required?

    We will pay for the medical examination fees if it is required.


    When does my protection start?

    When your application is approved, we will send you a confirmation letter plus a request for payment. Your coverage will start once we receive your payment.


    How do I make a claim?

    To make a claim, please contact our Care Line at 1800 88 1899 or visit any of our Customer Centres for assistance. For Takaful MRTT, please call the AIA Public Care Line at 1300 88 8922 for assistance.


    How do I get more information about this plan?

    Please submit your contact details here or call us at 1300 88 1899 for assistance. For Takaful MRTT, please call the AIA Public Care Line at 1300 88 8922 for assistance.


    • Nomination
    • Policy Servicing
    • Claims
    • E-Payment
    • Motor Workshop Panel

    NOMINATION

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    What is a nominee?

    A nominee is the person who will receive the proceeds from your policy if you pass away.


    Who can I nominate for my policy?

    It can be anyone but the nominee has to be a person.  You cannot put an organisation as a nominee.


    Can I nominate more than one person?

    Yes. You must state the specific share in percentage, to be paid to each of the nominees. If you do not do so, the proceeds from your policy will be equally divided among all nominees.  This applies to non-Muslim policyholders only.             

    For Muslim policyholders, nominations can be made and policy proceeds will be paid accordingly. However, the nominees will have to distribute the proceeds according to the Shariah law.


    How do I nominate someone?

    You must fill up the nomination form during policy application or you can do so after you have purchased the policy.  If you want to do a nomination after you have purchased your policy, you must submit the completed nomination form to us. You can get the form here. Submit the completed form to your Life Planner or at any of our Customer Centres. You can also mail the form to:

    Customer Servicing Department,
    Level 6, Wisma AIA,
    99 Jalan Ampang,
    50450 Kuala Lumpur.


    What are the nominee details required?

    You must provide the name, date of birth, identification or birth certificate number, relationship with nominee, percentage of share and the address of each nominee. This information will help us to process the claim accurately.


    Why do I need to appoint a trustee?

    If you are a non-Muslim and you have named either your spouse, child or your parents as nominees, you are advised to name a Trustee. The trustee’s role is to manage and divide the money accordingly.  The selected trustee must not necessarily be your family member, however it has to be someone that you can trust as the person will be managing the policy proceeds.

    This rule does not apply to AIA PUBLIC customers.


    Must the appointment of the trustee be made when I apply for my policy?

    Not necessarily. The appointment of the trustee can be made when you apply for the policy or at a later time.


    I am a certificate holder of AIA PUBLIC and I want to make a nomination. How do I go about doing this?

    You may appoint nominee(s) as:

    1. An executor; or

    2. A beneficiary under conditional hibah (gift).

    You must fill up the trustee nomination form during policy application or you can do so after you have purchased the policy.  If you want to do a nomination after you have purchased your policy, you must submit the completed nomination form to us. You can get the form here. Submit the completed form to your Life Planner or at any of our Customer Centres. You can also mail the form to:

    Customer Servicing Department,
    Level 6, Wisma AIA,
    99 Jalan Ampang,
    50450 Kuala Lumpur.


    What is the role of an executor?

    As the executor, the person has the obligation to distribute the takaful benefits according to the applicable distribution laws.


    What about beneficiary under conditional hibah?

    As the beneficiary, the person will be entitled to the takaful benefits received.


    Policy Servicing

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    How do I register as an AIA@MyService user?

    Just follow these three steps:

    1. Logon to www.aia.com.my and click on MY AIA, select AIA@MyService.

    2. Click the “REGISTER” button. Read the Terms & Conditions for use of AIA@MyService. Click on the 'I AGREE' button to proceed with your registration.

    3. Fill the registration form. Click 'SUBMIT' once you have completed all the particulars.

    Once we have checked your details against our records, your user account will be instantly activated and you can login immediately.


    Why can't I register at AIA@MyService?

    In most cases, failure to register could be caused by any one of the following reasons:

    a) You’ve used a name that is different than the one displayed in your policy. The name entered in the registration page must be the same as what is displayed in your policy.

    b) You’ve entered the wrong IC number. If you can’t remember if you used your old or new number in your policy application, enter both numbers in the registration page.

    AIA@MyService is not available for AIA PUBLIC customers at the moment.


    What kind of policy information can I get from AIA@MyService?

    You can access the following information:

    1.       Premium due date and amount

    2.       Policy status

    3.       Anniversary statement

    4.       Premium statement for income tax submission

    5.       Payment history

    6.       Instructions on how to pay your premium online

    AIA@MyService is not available for AIA PUBLIC customers at the moment.


    How do I see my e-Policy?

    If you are interested to receive the softcopy version of the policy, you must select the e-policy option upon signing up for an insurance plan with us.  We will notify you once your e-policy is available on the AIA@MyService.

    The e-policy facility is not available for AIA PUBLIC customers at the moment.

     

     

     


    How do I change my Life Planner?

    We will review such requests on a case-by-case basis. However, at any time, you may request for assistance from any of our registered Life Planners. You can also register at AIA@MyService to access your policy information online.


    I have not received my premium notice. What do I do?

    You can view your premium notice through AIA@MyService.  Premium notices are issued to customers who pay their policies on quarterly, half-yearly or annual basis.  Those policies that are paid on a monthly basis through auto debit will not receive premium notices.

    For AIA PUBLIC customers, you may call us on 1300 88 8922 to request for your contribution notice.


    When can I receive the premium statement for my income tax?

    The premium statements are mailed out by March of each year.  You can also view your premium statements online by logging on to our customer portal - AIA@MyService.

    AIA@MyService is not available for AIA PUBLIC customers at the moment.  


    When can I receive the anniversary statement for my life insurance policy?

    The anniversary statements are mailed out 30 days after the policy’s anniversary date. You can also view your anniversary statement online by logging on to our customer portal - AIA@MyService.

    AIA@MyService is not available for AIA PUBLIC customers at the moment.  


    How do I pay my premiums?

    You can pay via:

    a)      Visa/ Mastercard auto debit.
    It will take approximately one week for this request to be approved.

    b)      Online payment through AIA@MyService.

    c)       Over-the-counter at any of our Customer Centres.

    d)      FPX  auto debit using your bank account
    FPX is a payment channel that allows you to make payment online through your current or savings account.

    You can get the form from your Life Planner or at any of our Customer Centres.  Please complete the form and make sure that you fill up the limit section in the form. We advise you to put twice the amount of your annual premium so that you do not need to re-submit a new auto debit application if you decide to upgrade your plan in the future.

    The bank takes about 3 months to approve or reject the application. In the meantime, we advise that you continue to make payments directly to AIA.

    e)      Online payment through Maybank2u

    Over-the-counter at any Maybank service centres
    We do not issue receipts when you pay your premium at Maybank’s service centres or through Maybank2u.  The bank-in slip or online transaction statement are considered proof of payment.


    Can I apply for the credit card auto debit facility by using my friend’s credit card to pay for my premium?

    No. You can only use your credit card to pay for your own, your spouse, children or parents’ policies.


    How do I cancel the auto debit facility?

    You need to inform us in writing. Write a letter stating your request to cancel the auto debit facility to any of our Customer Centres or email the letter to my.customer@aia.com. You can also mail the letter to:

    Customer Servicing Department,
    Level 6, Wisma AIA,
    99 Jalan Ampang,
    50450 Kuala Lumpur.


    Can I shorten my payment period?

    We advise that you follow the payment period as stated in your policy to ensure that you enjoy continuous coverage with us.


    What happens if I don’t pay my premiums?

    We advise that you make prompt payment so there is no disruption to your insurance coverage.  If you fail to do so, your policy will not be active after the 31-day grace period, and you will no longer be covered by AIA.


    What can I do if I still want to continue my coverage with AIA but I have financial issues and cannot maintain my premium payment?

    There are a few alternatives available:

    a)      If your policy has cash dividends, you can use it to pay your premium.

    To use your cash dividends for premium payment, you will need to inform us by emailing my.customer@aia.com or calling us on 1300 88 1899.  We will send the relevant forms for you to complete and send back to us. This is not applicable for AIA PUBLIC customers.

    b)      If your policy has enough cash value, an Automatic Premium Loan (APL) will be triggered if premiums are not paid after the 31-day grace period.

    This means the APL will be used to cover your unpaid premiums. Once your policy’s cash value is used up and the outstanding premiums are not paid, the policy will no longer be active. Please note that interest is charged on the APL at the current rate, which is subject to change.

    APL does not apply for AIA PUBLIC certificates. 

     

     

     


    What is a policy loan?

    This is a loan that becomes available to you when your policy has a cash value to it. It is based on a percentage of the policy’s cash value, after deducting any outstanding loan or automatic premium loan on the policy.

    You can apply for the policy loan by writing a letter to us or emailing us at my.customer@aia.com. We will send you the form for you to complete and send back to us.  You can also mail your letter to:

    Customer Servicing Department,
    Level 6, Wisma AIA,
    99 Jalan Ampang,
    50450 Kuala Lumpur.

    Policy loans are not available for investment-linked, health and term policies, as well as AIA PUBLIC certificates.


    How fast will I get my payment if I apply for loans or dividend withdrawal?

    It will take about 2 weeks, not including the mailing duration. We encourage you to use the e-payment facility to transfer the payment directly to your bank account. 


    Can I apply for a copy of my policy contract? How do I apply for it?

    You can if the original policy document issued is either lost or destroyed, and the policy is still active.

    To apply:

    1)      Complete the Declaration for Lost Policy which you can get from any of our Customer Centres. You can also drop us an email at my.customer@aia.com and we’ll send you a copy.

    2)      You will need to pay a fee of RM25.90. This consists of the reissuance fee of RM15.90, including GST, and RM10 stamp duty.

    3)      Submit the completed form together with the processing fee at any of our Customer Centres.


    Can I apply for a replacement of my medical card? How do I apply for the replacement card? You can if the original medical card we issued is either lost or destroyed, and the policy is still active.

    You can if the original medical card we issued is either lost or destroyed, and the policy is still active.

    To apply:

    1)      Complete the Medical Card Replacement Form which you can get from any of our Customer Centres. You can also drop us an email at my.customer@aia.com and we’ll send you a copy.

    2)      You will need to pay a processing fee of RM10.60, which includes GST.

    3)      Submit the completed form together with the processing fee at any of our Customer Centres.


    What is an Absolute Assignment?

    It is the transfer of policy ownership rights from the original owner to another party. Once the policy has been assigned, you can no longer nominate a nominee or trustee for the policy.


    What is a Conditional Assignment?

    It is the transfer of policy ownership rights from the original owner to another party only upon the death of the insured Person. This is applicable to Non-Muslim policy owners only. This assignment is not allowed for third party policies such as juvenile or employer/employee policies.

    This facility cannot be applied to AIA PUBLIC certificates.


    What is the minimum age of an assignee (the person a policy is legally transferred to)?

    The assignee must be at least 18 years old.


    Can a Muslim policy owner assign the policy to a Non-Muslim?

    Yes, they can.


    I am a bankrupt. Can I assign my policy to my family member?

    No, this is not possible.


    Can I assign the policy to my business-partner?

    Yes you can, by completing and submitting to us Forms 24 and 49 issued by the Companies Commission of Malaysia (CCM) or Suruhanjaya Syarikat Malaysia (SSM).


    Can I assign the policy to my adopted son or daughter?

    Yes, you can.


    How do I assign my policy?

    You can get the forms from any AIA Customer Centre or by leaving your contact details and request here. We will send or email the form to you.

    The original completed form can be submitted to our any of our Customer Centres. You can also mail it to:

    Customer Servicing Department,
    Level 6, Wisma AIA,
    99 Jalan Ampang,
    50450 Kuala Lumpur.


    How do I submit the application form to change my policy information?

    You can download the form from here.  Submit the completed form along with other relevant documents to your Life Planner or at any of our Customer Centres. You can also email the form to my.customer@aia.com or mail it to:

    Customer Servicing Department,
    Level 6, Wisma AIA,
    99 Jalan Ampang,
    50450 Kuala Lumpur.


    I want to update my address. What do I do?

    You can download the form here. Submit the completed form along with other relevant documents to your Life Planner or at any of our Customer Centres. You can also email the form to my.customer@aia.com or mail it to:

    Customer Servicing Department,
    Level 6, Wisma AIA,
    99 Jalan Ampang,
    50450 Kuala Lumpur.


    Can I request to change the frequency of my premium payment?

    You can do so by submitting the Request for Change form and paying the amount due, if any. Submit the completed form, which you can download here to your Life Planner or at any of our Customer Centres.  You can also email the form to my.customer@aia.com or mail it to:

    Customer Servicing Department,
    Level 6, Wisma AIA,
    99 Jalan Ampang,
    50450 Kuala Lumpur.


    How do I continue my coverage if my policy has become invalid?

    Please contact your Life Planner or visit our Customer Centre to reactivate your policy.

     

     

     


    I have terminated my old credit card. How do I update my new credit card details?

    Please complete the Visa/Master Card auto debit form which you can download here. Submit the completed form to your Life Planner or at any of our Customer Centres.  You can also email the completed form to my.customer@aia.com  or mail it to:

    Customer Servicing Department,
    Level 6, Wisma AIA,
    99 Jalan Ampang,
    50450 Kuala Lumpur


    Can I call the AIA Care Line to change my credit card?

    No, you will have to complete the Visa/Master Card auto debit form and send it back to us.


    I have asked for changes to be made on my policy information. My Life Planner told me that my signature is irregular, what does this mean?

    Your signature will always be compared against the signature you used when applying for your policy. If it is different from what we have in our records, we will ask you to re-submit your request. 


    Why is a trustee’s signature required?

    The trustee’s signature is required to give consent for the changes that you asked for.

    This is not applicable for AIA PUBLIC certificates.


    Claims

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    How do I make a claim?

    You can download the claim form from here. You must complete the form, including the part on bank information. This section is important as we will pay the approved claim directly to your bank account via e-payment. Once completed, you may submit the claim form, together with the necessary documents, to your Life Planner or at any of our AIA Customer Centres for processing.


    How do I check the progress of my claim?

    You can check your claim status by registering as a user of our customer portal AIA@MyService. Please click on this link to register.  You can also speak to your Life Planner, visit any of our Customer Centres or contact our Care Lines - 1300 88 1899 (for policies with AIA Bhd.) or 1300 88 8922 (for certificates with AIA PUBLIC).


    If my employer or other insurance company does not cover my medical expenses in full, can I claim the balance under my medical policy from AIA?

    Yes. Just submit your claim documents including the approval letter, settlement details, copy of bills and official receipts certified by the other paying party to us.


    Can I use a photocopy or certified true copy of the medical bill or receipt when I submit for medical reimbursement?

    No, you must submit your original bill or receipt from the hospital for medical reimbursement. If you are claiming for the balance which has not been paid by another insurer, please submit your claim to us once these documents have been returned to you.


    What if I need to use the original supporting documents for other matters for example to be used in court?

    Present your original documents to our AIA agency leader or authorised AIA staff at any of our Customer Centres together with letter from lawyer request original for court purpose. They will help to verify your duplicate copies against the original documents. Once the verification is done, you can submit the certified true copy documents together with the claim form and the said letter by lawyer.


    What is required to make a Medical claim for an amount exceeding RM500?

    Please submit the following supporting documents together with your claim form:

    1.       Breakdown of charges by item and description

    2.       Name of medication prescribed

    3.       Duration of medication supply

    4.       We may request for additional documents/ information when necessary


    What are the common items that are not covered by my medical insurance during a hospital stay?

    The following items are typically not covered

    1.       Telephone charges

    2.       Newspaper

    3.       Miscellaneous Charges

    4.       Medical Report Fees

    5.       Glasses, hearing aids or fitting


    What is Co-Insurance?

    Co-insurance basically means that you agree to share the cost of healthcare services with your insurer. You will have to pay for a set percentage of the medical expense before your medical insurance begins to pay.


    If I am admitted overseas, will I still be able to claim back the expenses incurred?

    For overseas medical expenses, please submit your claim together with the required documents. Please refer to the checklist in the claim form for the documents we require to process your claim.


    What additional documents are required if the life insured, passed away overseas?

    We will need a letter from the National Registration Department of Malaysia confirming the death. We will also need the certified copy of the death certificate issued by the country where the Insured Person had passed away.


    If I have more questions on my claims, how can I reach the Claims Department?

    Please call our AIA Care Line at 1300 88 1899 or the AIA PUBLIC Care Line at 1300 88 8922 (for Takaful plans).


    E-Payment

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    Why should I choose to receive funds via e-payment?

    Speedy - Funds are available on the same day or latest by the following day of payment date.

    Convenient - Payments are credited directly into your account, removing the need to travel and deposit the cheque. 

    Safer - Misplaced, lost, fraudulent or expired cheques will no longer be an issue

     


    Will there be any registration fee imposed if I want to use e-payment?

    No, the service is free.


    What do I have to do to receive funds via e-payment?

    You must complete the relevant authorisation form. You will be required to provide your bank account information along with other supporting documents when you select e-payment.


    What are the required supporting documents if I choose to receive e-payment?

    The following original documents are required for verification and copies are required to be submitted:

    (a) a bank statement; OR (b) bank account passbook; OR (c) a stamped letter from your bank confirming your bank account details.


    Is there any restriction on the type of bank account that can be assigned for e-payment?

     

     

    You can choose any of your existing active saving or current accounts held under your name. The saving or current account must be maintained with one of the financial institutions offering MEPS Inter-Bank GIRO (IBG) service.

    For payment to joint name policies, a joint account bank number must be provided to AIA Bhd. and not an individual account number.

    Please refer to the following website for a current list of IBG members: http://www.myclear.org.my/faqs/interbank-giro-faqs/

     

     

     


    Can I change my bank account information?

    Yes, you are allowed to change your bank account details by submitting the relevant Authorisation Form together with the required supporting documents substantiating your request to AIA Bhd. No cost will be charged for this purpose.


    When will my bank account be credited?

    Payment will be made electronically into your bank account by AIA Bhd. once you have received a bank notification (a general notification will be sent to you between 2 – 3 days from the policy transaction being approved).

     


    Will I be notified once AIA Bhd. has made the payment?

    Yes, a bank notification will be sent to you once the remittance has been paid to your beneficiary bank account.


    How will my bank account information be used and will it remain confidential?

    Your bank account details and other related information:

    Will be used solely for the purpose of effecting payments by crediting your bank account directly; and

    Is protected under the Financial Services Act 2013 and the Islamic Financial Services Act 2013 that strictly prohibits the disclosure of such information to any person unless the customer or his personal representative has given written permission. It should be noted that by signing the relevant form to provide your bank account information, you will be authorising the disclosure of your bank account information to the relevant parties’ to effect payment to you e.g. insurance company, financial institutions.


    What will happen to funds that cannot be credited into my bank account?

    If funds cannot be credited into your bank account due to, for example, incorrect bank account number, closed or inactive bank account, there could be unnecessary delay to the payment process. To avoid this issue, please ensure that your bank account is correct and active upon providing such information to us at AIA Bhd. Otherwise, arrangements will be made by AIA Bhd. to remit the payment to you via cheque.

     


    Do I need to provide my bank account information separately for e-payment for each of my policy if I have more than one policy?

    If you want all your payments to be paid to the same bank account, you need to indicate so to AIA Bhd. at the point of submitting your Authorisation Form (one form per account number) or when you purchase the policy.


    What if I die before the insurer pays out my claims proceeds and the bank has frozen my account? Where does the money go then?

    All monies due to a policyholder in the event of his death will go to the administrators of his estate of his named beneficiaries.


    I have previously claimed from an insurer and already provided my bank details. Do I need to re-submit all the bank supporting details to insurer every time I submit a claim?

    When you purchase a policy or policies with AIA Bhd., you can inform us that you want all your claims, policy disbursements and any other refunds to be settled via e-payment together with the supporting documents. With this arrangement you will not be required to inform AIA Bhd. every time you make a claim or request a disbursement. However, you must always remember to update your account details with us if there are any changes.

     


    What If I do not wish to reveal my banking details – how do I get paid?

    E-payment is the most efficient and safe mode of payment. However, in the event you do not wish to receive payments directly to your bank account, you need not provide your bank account details. Payments will still be made to you in the form of cheques.

     


    I am a foreign worker. I do not have a Malaysian bank account. Can I authorise payment to my foreign bank account?

    Your payment can be made via TT to your foreign bank account number with all the supporting documents provided to AIA Bhd.

    However, it is always advisable for an employee, either a Malaysian or a foreign worker to open a local bank account.


    Who should I contact if I need to know more information about the e-payment facilities?

    For any enquiries, please do contact your servicing Life Planner or call our Care Line at 1300 88 1899 or visit our nearest branch.


    Motor Workshop Panel

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    Motor Workshop Panel Lists

    Click HERE to download the full list of Panel Workshops


    • Home Loan Shop Loan
    • Operations

    Home Loan Shop Loan

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    What are the benefits of AIA’s Fixed Rate Loan?

    AIA's Fixed Rate Loan is suitable if you're purchasing a property or keen to switch the loan you currently have to the one we offer.

    Fixed Rate Loan offers stability by locking at a fixed rate so that your monthly installments are constant throughout the duration of the loan. You do not have to worry about your payments increasing even if interest rates rise, as our home loan comes with a fixed rate throughout the term of the loan.


    Who can apply for the loan?

    Those who are:

    • Individual Malaysian citizens or are permanent residents.
    • For those who are self-employed, the business must be established for at least 3 years and has operating profits for the past 3 years.
    • Foreigners staying and employed in Malaysia for a period of time with valid working permits or are married to Malaysians.

    What is Margin of Finance (MOF)?

    For new purchases, the MOF is based on the Open Market Value (OMV) or the purchase price of the property, whichever is lower. For refinancing, the MOF is based on the OMV. The OMV will be based on the valuation report prepared by our panel of valuers.

    You can refer to the table below on the percentage of MOF given to residential and commercial properties:

     

    Type of Property

    New Purchase

    Refinance

    Residential

    MOF is up to 90%

    MOF is up to 90%

    Commercial

    MOF is up to 80%

    MOF is up to 70%

    Exceptions can be considered on a case by case basis.


    What is the loan tenure available?

    For residential properties, it is  up to 35 years or age 70, whichever is earlier. For commercial properties, it is up to 30 years or age 65 whichever is earlier.


    What types of properties do AIA finance?

    We finance completed landed residential properties such as single-storey houses, double-storey link houses, semi-detached houses, bungalows and others. We also finance properties under construction by selected projects and developers. For more detailed information, we advise that you connect with our AIA Life Planner.


    Do you finance construction of a house if my land has already been paid off?

    No, we do not.


    If I am not an AIA policy holder, can I apply for the loan?

    Yes, you can. However, you are required to purchase the AIA Group Mortgage Reducing Term Assurance or the AIA Life Policy to secure the loan.


    If I have existing life insurance policies with other insurance companies, can I assign them to AIA?

    Individual life policies or MRTA from other insurance companies can only be accepted if they can be assigned to us. You will have to bear the costs or fees and the process of assigning the policies to us.


    I am married, can I apply as a single applicant?

    We encourage for both husband and wife to apply together. However, we do consider single application on case to case basis.


    Is a valuation report required?

    Yes, a valuation report is required by our panel of valuers once the loan is approved.

    Valuation report may be waived for newly completed properties purchased directly from developers at our discretion.


    Can we have our own solicitor's firm to prepare the loan documentation?

    No. You are required to use the solicitors that are on our panel.


    I am healthy and I do not wish to buy insurance.

    When you buy an insurance policy, you are transferring the risk of a potential financial loss to the insurance company in exchange for a fee. The insurance company, in return, promises to provide you with financial assistance if you face an unexpected loss.

    Insurance coverage should be a key component of anyone’s financial planning. We all work very hard to secure a bright future and afford a lifestyle that we can enjoy. As we keep working towards our financial goals, we must not forget to protect what we have already achieved.


    Can I assign my existing AIA policy instead?

    Yes. However, the coverage of the policy must not be less than the loan amount.


    I can always sell my property if anything happens to me. After all, is the property not sufficient as security?

    We all work very hard to secure a bright future and afford a lifestyle that we can enjoy. As we keep working towards our financial goals, we must not forget to protect what we have already achieved. We advise that you consider purchasing an insurance policy or the Group Mortgage Reducing Term loan to ensure that you and your property are protected.


    Is Life Insurance or Group Mortgage Reducing Term assurance expensive?

    We have a variety of life policies to suit your needs. You can even opt for the Group Mortgage Reducing Term assurance where you only need to pay one lump sum and we will cover you for the entire loan period. 


    I would like to find out more about AIA’s Fixed Rate Home Loan. Who should I contact?

    We can connect you to our AIA Life Planner. Please leave us your contact details by clicking on this link or call us on 1300 88 1899.


    Operations

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    How do I make my loan payments?

    You can pay your housing loan through:

    a)      Over-the-counter at any of our Customer Centres.

    b)      Online payment through banks other than Maybank

    Please ensure AIA Bhd. is the beneficiary and the reference is complete and correct. These are the required details that you will need to fill up during the online transaction.

     

     

    Beneficiary/ Recipient / Collection Bank

    :

    Maybank

     

     

    Beneficiary/ Recipient Name

    :

    AIA Bhd

     

     

    Beneficiary/ Recipient Account No

    :

    514011997003

     

     

    Beneficiary/ Recipient Reference

    :

    855xxxxxxxM

     

     

    Transaction Type

    :

    Loan Payment

    Payment will be captured within three working days provided that all the information required is correct.

    c)       Standing Instruction with Maybank

    This is only for monthly instalment repayment of the home loan.
    Payment is to be made to:-

     

     

    Collecting Bank

    :

    Maybank

     

     

    AIA Collection A/C No   

    :

    5140 1199 7003

    Please ensure that you indicate your housing loan number. As the monthly instalment will be due on the 1st of every month, we advise you to set the standing instruction at 10 days before the due date.

    d)      Online payment through Maybank2u

     

    e)      Over-the-counter at any Maybank service centres 

    We do not issue receipts when you pay your housing loan at Maybank’s service centres or through Maybank2u. The bank-in slip or online transaction statement are considered proof of payment


    What are your fees and charges for your services?

    All fees and charges are inclusive of the 6% GST, where applicable. You can refer to the table below for the list of fees and charges.

          FEES AND CHARGES

    NO

    TYPES

    AMOUNT

    1

    Redemption Statement

    RM53.00 for each request

    2

    Confirmation letter to EPF for EPF withdrawal

    RM21.20 for each letter

    3

    Photocopies of security documents

    RM10.60 for each document

    4

    Documents couriered to customers (local courier only)

    RM10.60 for each request

    5

    Request for loan statement (adhoc basis)

    RM5.30 for each request

    6

    Processing fees

    Currently waived

    7

    *Late Payment Charges

    1.00% per annum on the amount in arrears accruing from the due date to payment date

    *GST is not chargeable.


    What should I do if I would like to make a full settlement on my housing loan with AIA?

    This is what you should do:

    1.       Click on this link and download the settlement form.

    2.       Fill in the details and forward to us at my.loan@aia.com

    We will process your request within 7 working days.


    I would like to request a letter for EPF withdrawal to make payment for my current housing loan. How do I go about doing this?

    This is what you should do:

    1.       Click on this link and download the EPF Request form.

    2.       Fill in the details and forward to us at my.loan@aia.com

    We will process your request within 7 working days.


    How do I get my latest annual or monthly housing loan statement?

    You can view and print your loan statement via AIA@MyService.  You must select ‘Home Loan’ to view your statement.

    Just follow these three steps to be a registered user:

    1. Logon to www.aia.com.my and click on MY AIA, select AIA@MyService.

    2. Click the “REGISTER” button. Read the Terms & Conditions for use of AIA@MyService. Click on the 'I AGREE' button to proceed with your registration.

    3. Fill the registration form. Click 'SUBMIT' once you have completed all the particulars.

    Once we have checked your details against our records, your user account will be instantly activated and you can login immediately.


    What is due date for my loan payments? What is the grace period given?

    The grace period is 7 calendar days. We will charge interest on payments made after the grace period. The table of payment due date is as follows:

     

    Loan Status

    Type of payment

    Due Date

    FULLY drawdown

    Monthly Instalment

    1st of every month

    PARTIALLY drawdown

    Progressive Interest

    14th of every month


    How do I pay my fire policy insurance premium?

    You can pay via:

    a)        Visa/ Mastercard auto debit.

    It will take approximately one week for this request to be approved.

    b)        Over-the-counter at any of our Customer Centres.

     

    c)        Online payment through Maybank2u

     

    We advise you to pay your premiums on time so you do not incur any late payment charges. We will have to charge interest on the outstanding premium if we do not receive the payment after 50 days from the policy’s effective date, as stated in the Policy Schedule of your Fire Insurance Policy.


    Who can I contact if I have questions on my home loan?

    You can email us at my.loan@aia.com or call our Care Line on 1300 88 1899.


    • Liberalisation of the motor tariff

    Liberalisation of the motor tariff

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    What is a motor insurance tariff?

    Tariffs are sets of fixed price list created under insurance acts to streamline and control premium charges and policy wordings.

    Examples of these are Motor and Fire insurance policies. When premiums are tariffed, insurance companies are not allowed to vary the prices chargeable on the insurance policy. 


    What does the liberalisation of motor insurance mean?

    The liberalisation of motor insurance means that the price of motor insurance products will no longer be determined based on Motor Tariff (a set fixed price list). Pricing will be determined by individual insurers and takaful operators.

     

    Consumers will now be able to enjoy a wider choice of motor insurance products at competitive prices as liberalisation encourages innovation and competition among insurers and takaful operators.

    Insurers and takaful operators are able to charge premiums that are in line with broader risk factors inherent in a group of policyholders being insured; and also market new products that are not defined under the tariff.


    Who was controlling the tariff rate?

    As the supervisory authority for all financial institutions, Bank Negara Malaysia (BNM) has the oversight on the application of Tariffs.


    How was the insurance premium calculated before 1 July 2017?

    Insurance premium is calculated based on the sum insured and model of the vehicle. Additionally, insurers are allowed to apply limited premium loading based on the age of the driver and the number of accidents on record. Depending on the driver’s claims history, the calculated premium to be paid is adjusted against the discount (No Claim Discount or NCD).

     

    Typically, drivers with good driving records can enjoy a higher percentage of NCD up to 55%.

    However, the driver may experience receiving different quotes from different insurers due to other factors mentioned above.


    If the old system worked well, why change it?

    As Malaysia progresses towards a developed nation status, the insurance market is being opened up to allow a more equitable approach to the charging of premium.

    A good risk should be rewarded and a bad risk recognised. This means that a good driver should pay lesser premium compared to another driver who is in a class that is more likely to experience many accidents. There should also be incentives for perceived bad drivers to become better risks and be rewarded with reduction in premium.


    When will the Liberalisation of Motor Tariffs be implemented?

    The first phase of the Liberalisation of the Motor and Fire Tariff was introduced on 1 July 2016. During this initial phase, insurers and takaful operators were given the flexibility to offer new motor products and add-on covers that were not defined under the existing tariff.

     

    From 1 July 2017 onwards, premium rates for Motor Comprehensive; and Motor Third Party Fire and Theft products will be liberalised where premium pricing will be determined by individual insurers and takaful operators.

     

    However, premium rates for Motor Third Party product will continue to be subjected to tariff rates.


    Has Liberalisation been implemented in other countries, what is the outcomes there?

    Liberalisation and open markets are associated with developed countries. The journey can be guided or left to market forces.


    What are the benefits of the Liberalisation of the Motor Tariffs?

    For consumers, the benefits include:

    • An improvement in the quality of service and a wider range of products at competitive prices due to greater competition among insurers;
    • The availability of new products with different features that will enable consumers and businesses to obtain the coverage that best meets their insurance needs.
    • As safety features will be one of the factors to determine premiums, drivers will be incentivised to inculcate safe driving habits which will benefit them and the general public.
    • Competitive pricing will be offered by insurers and takaful operators where consumers may benefit from shopping around to obtain the best deals that suit their needs.
    • New distribution channels such as cost efficient online channels would enable insurance protection to be purchased in a manner most convenient to consumers.

    How is the Liberalisation advantageous to me? How do I benefit?

    As a consumer, there is an expectation that there will be wider choices and options of motor and fire products available to purchase, and that the products will be more suited to the individual’s needs.

    For low risk groups, premiums are expected to be lower. On the other hand, for high risk groups, premiums chargeable are expected to be higher but this can be moderated by risk reduction factors undertaken by the policyholders e.g. safer driving habits to reduce accidents, installation of car telematics or certified anti-theft devices for cars which help reduce theft.


    What are the new features available based on market pricing? How will insurance premiums be priced from 1 July 2017 onwards?

    Effective 1 July 2017, under the liberalised environment, more risk factors will be taken into account in determining premiums. Other than the sum insured, cubic capacity of the vehicle engine, age of vehicle and age of driver, premiums may be driven by other factors.

     

    These factors could be safety and security features of the vehicle, duration that the vehicle is on the road, geographical location of the vehicle (in areas with higher incidents of theft) and traffic offences on record. These factors will define the risk profile group of the policyholder which will determine the premium.

     

    As different insurers and takaful operators have different ways of defining the risk profile group, the price of a motor policy would differ from one insurer to another.


    What should consumers look out for when purchasing the motor insurance in this new environment?

    Consumers should consider the following points when buying insurance:

    • You should not be looking at pricing as the only factor when purchasing motor insurance protection plan. You should also look for what the policy covers, exclusions and customer service standards.
    • You should shop around by contacting the agents, insurers or takaful operators through their call-centres or online channels for enquiries and advice to obtain the right kind of coverage that meets your insurance protection needs at a price acceptable to you.
    • Please ensure comparative shopping is done early before your insurance policy expires. Your insurer or takaful operator will advise you at least a month earlier before the expiry of your motor insurance policy. 

    If I am a safe/good driver without any traffic summonses and reported accidents, will my premium be lowered?

    Driving behaviour and driving experience is expected to be considered in risk profiling in order to determine the premium.


    Will the No Claim Discount (NCD) still be maintained after Liberalisation?

    The NCD structure will remain unchanged and continue to be transferable from one insurer or takaful operator to another.  You will be entitled to the NCD which you are eligible for.


    Will the Motor Third Party insurance product be available for consumers?

    Motor Third Party insurance product is still available for consumers who want to purchase basic motor insurance cover at tariff rate.


    Where can I obtain information of new products available and how do I choose products that will meet my needs?

    You are advised to always check with your insurer or takaful operator or the agent on new products and add-on covers introduced.

    Do shop around to make informed purchasing decisions by obtaining different quotations by contacting the agents, insurers or takaful operators through their call-centres or online channels.


    What % increase can I expect on my motor premium?

    This will differ from insurer to insurer. Consumers should shop around for the motor insurance that best meets their needs. 


    For consumers, getting the new motor premiums will be time consuming?

    New online distribution channels which are cost efficient would enable insurance protection to be purchased in a manner most convenient to the consumers.

    We anticipate that there will be developments in IT online platforms that will be able to provide consumers a quick comparison of prices with different features enabling them to make an informed decision. 


    How are insurance companies preparing for the Liberalisation?

    Insurance companies in Malaysia are closely regulated by the BNM and have adequate measures and guidelines in place to ensure proper and prudent underwriting and a sound marketplace. One of the policy intentions of BNM is to moderate the increase in competition and product innovation to ensure the industry and consumers will be able to adapt in a sustainable and gradual manner. 

    Moreover, the Phased liberalisation is a continuation of the New Motor Cover Framework. The discussion on Phased Liberalisation between the industry and BNM has taken place since 2013. Various measures have been taken at individual company level with lead times provided to allow all insurers to build internal capabilities and formulate their marketing activities based on their business models. In addition, the Liberalisation of the Motor and Fire Tariffs will be implemented in a phased approach, which will allow time for industry to adjust to the new operating environment.

    However, in anticipation of adverse unsustainable pricing, the regulator has phased the liberalisation process and insurance companies will need to get approvals if they want to price aggressively. In addition, the Risk Based Capital Framework will ensure companies have adequate funds in place.


    Market knowledge about insurance is very low in Malaysia. How will this Liberalisation help Malaysians make informed decisions?

    Although consumers will be more empowered, they can still consult their insurance agent with whom they have been consulting previously to answer all their concerns on insurance.  They can also approach the companies directly and then make their own decision on the policy/cover they want to purchase.

    New products to be offered will be determined by market forces.  Insurers are now allowed to be more innovative and deliver better products to protect the consumers.  Therefore we can expect to see some interesting products in the market. The industry has been working very closely with the regulator on the preparations for liberalisation and this new transition has been well planned under the direction of BNM.


    What is a risk profile? Who determines a risk profile?

    A risk profile is an analysis of whether a pool of consumers present a high or low risk, based on certain factors. Each insurance company is expected to be guided by its own identified risk factors.


    Why will different insurance companies have different premiums rates? On what basis will it be calculated?

    With liberalisation, there will no longer be fixed premium rates based on the model, age and cubic capacity of the vehicle to be insured.

    Premiums will now be charged based on the risk profile of the insured, e.g. driving habits, claims history, etc.  With this subjective assessment, there is bound to be a difference in premiums amongst insurance companies.

    Consumers should shop around and select the insurance coverage that best meet their needs and at a competitive price. 


    Motorcyclists have the highest casualty rates in Malaysia, how will Motor Premiums Liberalisation affect them?

    Premiums will be impacted by the claims history and driving habits of the insured.  However, the first phase of liberalisation covers Comprehensive and Third Party Fire and Theft cover, which are basically purchased by owners of private cars and other four wheeled vehicles.

    PIAM is committed to promote safe driving habits and all road users should consciously practice good driving habits, not just to enjoy lower premiums but also for their own safety.


    In the event of a dispute or doubt, where does the consumer turn to?

    Topical information will be posted on insurers and takaful associations’ respective websites.

    In addition, consumers may contact the following:

    • Persatuan Insurans Am Malaysia (PIAM)
      www.piam.org.my
      pic@piam.org.my
      Tel: 03-2274 7399

    • Malaysian Takaful Association (MTA)
      www.malaysiantakaful.com.my
      mtasecretariat@malaysiantakaful.com.my
      Tel: 03-2031 8160

    • CRS
    • Definition

    CRS

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    What is Common Reporting Standard (CRS)?

    CRS is a worldwide information-gathering and reporting requirement for financial institutions (including insurance companies and takaful operators) of the Participating Jurisdictions with the aim to increase tax transparency and combat cross-border tax evasion.


    Why does AIA need to comply with CRS?

    All financial institutions, including AIA, are legally required to collect and report your tax details following the gazette order issued by the Malaysia Federal Government under Income Tax (Automatic Exchange of Financial Account Information) Rules 2016 ("CRS Rules").  


    Is CRS Rules applicable to all insurers/takaful operators?

    Yes, based on the CRS Rules, all financial institutions within the Participating Jurisdiction are required to comply with the CRS requirements.


    Why is AIA requesting for my tax residency status?

    CRS Rules require us to obtain your foreign tax residency status (if any).

     

    E.g. If you have an insurance policy with AIA, we must ask you to disclose your tax residency status by completing a form known as "CRS Self-Certification Form". If you have any foreign tax residency, we will report your information to the local government authorities or regulatory bodies. This information may be exchanged with the tax authorities of another country/jurisdiction in which you may be a tax resident.  

     


    How to define my tax residency?

    Please contact your tax advisor or refer to the Organisation for Economic Co-Operation and Development (OECD) website for more information on Common Reporting Standards. AIA, as a financial institution, is not allowed to give you any tax advice. 


    What is the CRS document that I need to complete?

    You need to complete the "CRS Self-Certification Form" and confirm your tax residency status for any country other than Malaysia and the United States of America. 


    I have declared that I have no foreign tax residency. Why do you require supporting documents?

    Under the CRS Rules, AIA is required by law to verify the information declared by you in the CRS Self-Certification. Among the supporting documents are copy of your passport, working permit, student visa, etc. 


    What is the implication if I do not complete the CRS Self-Certification or provide the required supporting documents?

    As this is a requirement of CRS Rules, AIA will not be able to process your application for insurance/takaful coverage, request for change or claims without receiving the necessary documents.


    Is my information protected?

    Yes, your information is strictly protected by AIA. AIA respects your data privacy. 


    Where can I find further information and advice?

    For more information about CRS, please visit OECD Automatic Exchange of Information portal, http://www.oecd.org/tax/automatic-exchange.


    Definition

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    What is an Active NFE?

    A non-financial entity (NFE) is considered to be an Active NFE if it meets any of the criteria listed below. In summary, those criteria refer to:

    • active NFEs by reason of income and assets; publicly traded NFEs;
    • Governmental Entities, International Organisations, Central Banks, or their wholly owned entities;
    • holding NFEs that are members of a nonfinancial group;
    • start-up NFEs;
    • NFEs that are liquidating or emerging from bankruptcy;
    • treasury centres that are members of a nonfinancial group; or
    • non-profit NFEs.

    An entity will be classified as "Active NFE" if it meets any of the following criteria:

    a) less than 50% of the NFE’s gross income for the preceding calendar year or other appropriate reporting period is passive income and less than 50% of the assets held by the NFE during the preceding calendar year or other appropriate reporting period are assets that produce or are held for the production of passive income;

    b) the stock of the NFE is regularly traded on an established securities market or the NFE is a Related Entity of an Entity the stock of which is regularly traded on an established securities market;

    c) the NFE is a Governmental Entity, an International Organisation, a Central Bank, or an Entity wholly owned by one or more of the foregoing;

    d) substantially all of the activities of the NFE consist of holding (in whole or in part) the outstanding stock of, or providing financing and services to, one or more subsidiaries that engage in trades or businesses other than the business of a Financial Institution, except that an Entity does not qualify for this status if the Entity functions (or holds itself out) as an investment fund, such as a private equity fund, venture capital fund, leveraged buyout fund, or any investment vehicle whose purpose is to acquire or fund companies and then hold interests in those companies as capital assets for investment purposes;

    e) the NFE is not yet operating a business and has no prior operating history, (a “ start-up NFE”) but is investing capital into assets with the intent to operate a business other than that of a Financial Institution, provided that the NFE does not qualify for this exception after the date that is 24 months after the date of the initial organisation of the NFE;

    f) the NFE was not a Financial Institution in the past five years, and is in the process of liquidating its assets or is reorganising with the intent to continue or recommence operations in a business other than that of a Financial Institution;

    g) the NFE primarily engages in financing and hedging transactions with, or for, Related Entities that are not Financial Institutions, and does not provide financing or hedging services to any Entity that is not a Related Entity, provided that the group of any such Related Entities is primarily engaged in a business other than that of a Financial Institution; or

    h) the NFE meets all of the following requirements (a “non-profit NFE”) :

    1. it is established and operated in its jurisdiction of residence exclusively for religious, charitable, scientific, artistic, cultural, athletic, or educational purposes; or it is established and operated in its jurisdiction of residence and it is a professional organisation, business league, chamber of commerce, labour organisation, agricultural or horticultural organisation, civic league or an organisation operated exclusively for the promotion of social welfare;
    2. it is exempt from income tax in its jurisdiction of residence;
    3. it has no shareholders or members who have a proprietary or beneficial interest in its income or assets;
    4. the applicable laws of the NFE’s jurisdiction of residence or the NFE’s formation documents do not permit any income or assets of the NFE to be distributed to, or applied for the benefit of, a private person or non-charitable Entity other than pursuant to the conduct of the NFE’s charitable activities, or as payment of reasonable compensation for services rendered, or as payment representing the fair market value of property which the NFE has purchased; and
    5. the applicable laws of the NFE’s jurisdiction of residence or the NFE’s formation documents require that, upon the NFE’s liquidation or dissolution, all of its assets be distributed to a Governmental Entity or other non-profit organisation, or escheat to the government of the NFE’s jurisdiction of residence or any political subdivision.

    Note: Certain entities (such as U.S. Territory NFFEs) may qualify for Active NFFE status under FATCA but not Active NFE status under the CRS.

     


    What is a Controlling Person?

    A "Controlling Person” is a natural person who exercises control over an entity. Where an entity Account Holder is treated as a Passive Non-Financial Entity (“NFE”) then a Financial Institution must determine whether such Controlling Persons are Reportable Persons.

     

    In the case of a trust, the Controlling Person(s) are the settlor(s), the trustee(s), the protector(s) (if any), the beneficiary(ies) or class(es) of beneficiaries, or any other natural person(s) exercising ultimate effective control over the trust (including through a chain of control or ownership). Under the CRS the settlor(s), the trustee(s), the protector(s) (if any), and the beneficiary(ies) or class(es) of beneficiaries, are always treated as Controlling Persons of a trust, regardless of whether or not any of them exercises control over the activities of the trust.

     

    The settlor(s) of a trust is an Entity then the CRS requires Financial Institutions to also identify the Controlling Persons of the settlor(s) and when required report them as Controlling Persons of the trust.

     

    In the case of a legal arrangement other than a trust, “Controlling Person(s) means persons in equivalent or similar positions.

     


    What is Custodial Institution?

    Custodial Institution” means any Entity that holds, as a substantial portion of its business, Financial Assets for the account of others. This is where the Entity’s gross income attributable to the holding of Financial Assets and related financial services equals or exceeds 20% of the Entity’s gross income during the shorter of: (i) the three-year period that ends on 31 December (or the final day of a non-calendar year accounting period) prior to the year in which the determination is being made; or (ii) the period during which the Entity has been in existence.


    What is an Entity?

    A legal person or a legal arrangement, such as a corporation, organisation, partnership, trust or foundation. This term covers any person other than an individual (i.e. a natural person).


    What is a Financial Institution?

    Financial Institution” means a “Custodial Institution”, a “Depository Institution”, an “Investment Entity”, or a “Specified Insurance Company”.


    What is a Non-Financial Entity (NFE)?

    An “NFE” is any Entity that is not a Financial Institution.


    What is Non-Reporting Financial Institution?

    A Non-Reporting Financial Institution” means any Financial Institution that is:

    • a Governmental Entity, International Organisation or Central Bank, other than with respect to a payment that is derived from an obligation held in connection with a commercial financial activity of a type engaged in by a Specified Insurance Company, Custodial Institution, or Depository Institution;
    • a Broad Participation Retirement Fund; a Narrow Participation Retirement Fund; a Pension Fund of a Governmental Entity, International Organisation or Central Bank; or a Qualified Credit Card Issuer;
    • an Exempt Collective Investment Vehicle; or
    • a Trustee-Documented Trust: a trust where the trustee of the trust is a Reporting Financial Institution and reports all information required to be reported with respect to all Reportable Accounts of the trust;

    any other defined in a countries domestic law as a Non-Reporting Financial Institution.

     


    What is a Participating Jurisdiction

    Participating Jurisdiction means a jurisdiction with which an agreement is in place pursuant to which it will provide the information set out in the CRS.


    What is a Participating Jurisdiction Financial Institution?

    Participating Jurisdiction Financial Institution means any Financial Institution that is tax resident in a Participating Jurisdiction, but excludes any branch of that Financial Institution that is located outside of that jurisdiction, and any branch of a Financial Institution that is not tax resident in a Participating Jurisdiction, if that branch is located in such Participating Jurisdiction.


    What is a Passive NFE?

    Passive NFE means any: (i) NFE that is not an Active NFE; and (ii) Investment Entity located in a Non-Participating Jurisdiction and managed by another Financial Institution.


    What is a Related Entity?

    An Entity is a “Related Entity” of another Entity if either Entity controls the other Entity, or the two Entities are under common control. For this purpose control includes direct or indirect ownership of more than 50% of the vote and value in an Entity.


    What is a Reportable Account?

    Reportable Account” means an account held by one or more Reportable Persons or by a Passive NFE with one or more Controlling Persons that is a Reportable Person.


    What is a Reportable Jurisdiction?

    Reportable Jurisdiction is a jurisdiction with which an obligation to provide financial account information is in place.


    What is a Reportable Jurisdiction Person?

    Reportable Jurisdiction Person is an Entity that is tax resident in a Reportable Jurisdiction(s) under the tax laws of such jurisdiction(s) - by reference to local laws in the country where the Entity is established, incorporated or managed. An Entity such as a partnership, limited liability partnership or similar legal arrangement that has no residence for tax purposes shall be treated as resident in the jurisdiction in which its place of effective management is situated. As such if an Entity certifies that it has no residence for tax purposes it should complete the form stating the address of its principal office.

     

    Dual resident Entities may rely on the tiebreaker rules contained in tax conventions (if applicable) to determine their residence for tax purposes.


    What is a Reportable Person?

    A “Reportable Person” is defined as a “Reportable Jurisdiction Person”, other than:

    • a corporation the stock of which is regularly traded on one or more established securities markets;
    • any corporation that is a Related Entity of a corporation described in clause (i);
    • a Governmental Entity;
    • an International Organisation;
    • a Central Bank; or
    • a Financial Institution (except for an Investment Entity described in Sub Paragraph A(6) b) of the CRS that are not Participating Jurisdiction Financial Institutions. Instead, such Investment Entities are treated as Passive NFE’s.)

     


    What is a resident for tax purposes?

    Generally, an Entity will be resident for tax purposes in a jurisdiction if, under the laws of that jurisdiction (including tax conventions), it pays or should be paying tax therein by reason of his domicile, residence, place of management or incorporation, or any other criterion of a similar nature, and not only from sources in that jurisdiction. Dual resident Entities may rely on the tiebreaker rules contained in tax conventions (if applicable) to solve cases of double residence for determining their residence for tax purposes. An Entity such as a partnership, limited liability partnership or similar legal arrangement that has no residence for tax purposes shall be treated as resident in the jurisdiction in which its place of effective management is situated. A trust is treated as resident where one or more of its trustees is resident.


    What is a Specified Insurance Company?

    Specified Insurance Company means any Entity that is an insurance company (or the holding company of an insurance company) that issues, or is obligated to make payments with respect to, a Cash Value Insurance Contract or an Annuity Contract. This also applies to Takaful Operator.


    What is TIN?

    “TIN” means Taxpayer Identification Number or a functional equivalent in the absence of a TIN. A TIN is a unique combination of letters or numbers assigned by a jurisdiction to an individual or an Entity and used to identify the individual or Entity for the purposes of administering the tax laws of such jurisdiction.


    • Privacy Statement
    • GST
    • General
    • My AIA
    • eClaims FAQs

    PERSONAL DATA PROTECTION ACT 2010

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    What is Personal Data Protection Act 2010 (PDPA)?

    It is an act approved by the Malaysian government in 2010 to protect individual’s personal data in commercial transactions.


    When was PDPA enforced?

    It was enforced on 15th November 2013.


    What does personal data mean?

    The PDPA defines personal data as any information that a person provides during a commercial transaction.  The information relates directly or indirectly to the person, who is identified or can be identified based on the information provided. Personal data includes a person’s name, address, IC number, passport number, email address and other contact details.


    What is sensitive personal data?

    Sensitive personal data is information that relates to the physical or mental health or condition of an individual. It includes the person’s

    • political opinions,
    •  religious beliefs,
    • any offence committed or allegedly committed, or

    any other personal data determined by the Minister as published in the Act.


    What are “commercial transactions”?

    Any business transactions which is not necessarily contractual.   This includes the collection of personal data of potential customers.


    What does “processing” of personal data mean?

    It is the act of collecting, recording, holding or storing personal data and carrying out any operation or set of operations on the personal data.


    What are your rights as a customer under the PDPA?

    You have the right:

    i)   To access your personal data and to update the information.  This is to make sure that the personal data is accurate, complete and up-to-date.

    ii) To withdraw your consent of disclosing your personal data for marketing or any other purposes, other than for the purpose of service that you are subscribing for.


    Can AIA deny my request to access my personal data?

    We cannot deny your request to have access to your data. We can only do so if we cannot confirm your identity.


    Does AIA have a Privacy Statement?

    Yes, we do and it is available at our Customer Centres and on our website at www.aia.com.my.


    How long does AIA keep my personal data?

    We will only keep your personal data for as long as it is necessary to do so. This is so that we can use the data to process your request or to meet any legal, regulatory or internal requirements.


    Does AIA send personal data overseas? If yes, why is it necessary to do so?

    In some cases we may transfer your personal data to places outside of Malaysia.  This is necessary to provide you the services that you require or in situations where we need to perform our contractual obligations.


    What happens if I refuse to give my consent?

    We will not be able to process your application if you do not provide the mandatory data we require. In cases where you do not provide data that is considered voluntary, we will still process your application, but we may not be able to provide the full range of services that we offer.


    Can I withdraw my earlier consent on the disclosure of my personal data?

    Yes, you can do so by writing to us. Please send your letter to:

    Customer Servicing Department,
    Level 6, Wisma AIA,
    99 Jalan Ampang,
    50450 Kuala Lumpur.


    How can I access my personal data held by AIA?

    You can request to access your personal data by calling our Care Line at 1300 88 1899 or by visiting any of our Customer Centres for assistance.


    Can I correct or update my personal data with AIA?

    Yes, you can make a request to AIA to correct or update your personal data. Please click "Policy Servicing" in the FAQ page to find out how.


    Can anyone else request to have access to my personal data?

    Yes.  Those who can do so are:

    (i) Your parents, guardian or the person who has a parental responsibility over you if you are below the age of 18;

    (ii) Persons appointed by the court to manage your affairs; or

    (iii) Persons to whom you have authorised in writing to access your personal data.


    GOODS AND SERVICES TAX

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    What is the current rate for GST?

    The current prescribed rate is 6%.


    With GST, is the service tax still applicable?

    No, GST has replaced the service tax.


    Which insurance product is subject to GST effective 1 April 2015?

    GST is charged on the premiums for medical, critical illness, personal accident and general insurance policies. The monthly cost of insurance (COI) for investment-linked policies and riders under the medical, critical illness and personal accident categories are also subject to GST at the prescribed rate.


    How do I know how much GST is charged to my premium?

    For new policies that are activated on or after 1 April 2015, the GST amount is stated on the policy information page of your new policy contract. You can refer to the Product Disclosure Sheet of the respective products for the total premium amount inclusive of GST payable.

    For policies activated before 1 April 2015, the total premium payable, inclusive of GST, is stated in the premium notices mailed to you.

    You can contact your Life Planner, visit any of our Customer Centres or call us on 1300 88 1899 if you have any questions on the GST amount charged to your premium.


    If I don’t pay the GST charged for my policy, what will happen to my policy?

    Full payment of the total premium amount payable (inclusive of GST) needs to be made to ensure continuous coverage under your policy.


    Do I have to pay GST for any claims I receive from AIA?

    No.


    Will I be charged GST on my home loan?

    No. The repayments of a home loan, i.e. the loan instalment; principal repayment; advance loan payment, late payment charge or monthly interest are not subject to GST.


    Will processing fees incur GST?

    Fees and charges relating to administrative services are subject to GST at the current prescribed rate of 6%.


    Is GST applicable to AIA PUBLIC Takaful Bhd.'s products?

    Yes. Effective 1 April 2015, GST at the current prescribed rate of 6% is charged on the contributions for medical, critical illness and personal accident certificates. The monthly Tabarru’ for Investment-Linked Takaful certificates and riders under the medical, critical illness and personal accident categories are also subject to GST at the prescribed rate. All fees and charges relating to administrative services will also attract GST at the prescribed rate. The total contribution amount payable (inclusive of GST) for your plan, will be stated in the contribution notice (if applicable) issued to you on or after 1 April 2015.


    General

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    How do I reinstate my policy?

    You can refer to your policy contract to find out the period allowed for reinstatement.  If your policy is still within the stated period, you can speak to your Life Planner or call our Call Centre at 1300 88 1899 to get the amount that you need to pay to reinstate your policy, and to find out if you are required to undergo a health check. You can also visit any of our Customer Centres for assistance.

    If your policy is not within the reinstatement period, we advise that you to speak to your Life Planner to apply for a new policy. Your application for a new policy will need to go through the review and assessment process by our team of underwriters.


    Can I change the date my premiums get deducted?

    The date for your premium deductions cannot be changed. However, you can request to change the frequency of the premium payment to either monthly, annually, semi-annually or quarterly depending on the plan that you have. Please click "Policy Servicing" in the FAQ page to find out how. 


    How do I cancel my policy?

    If your policy does not have any cash value, you can request for your policy to be cancelled by sending us a mail at:

     

    Customer Servicing Department,

    Level 6, Wisma AIA,

    99 Jalan Ampang,

    50450 Kuala Lumpur.

     

    If your policy has cash value, you will need to fill up a Surrender Form.  The Surrender Form can be obtained from any of our Customer Centres. You can also go to our website to request for the form to be sent to you.


    Send the original completed form to any of our Customer Centres or mail it to:

     

    Customer Servicing Department,

    Level 6, Wisma AIA,

    99 Jalan Ampang,

    50450 Kuala Lumpur.

     

    If you are unsure whether your policy has any cash value, please visit any of our Customer Centres or write to us for assistance. 


    How do I change my policy benefits?

    You can change your benefits by submitting the Request for Change form.  Submit the completed form, which you can download here to your Life Planner or at any of our Customer Centres.  You can also email the form to my.customer@aia.com or mail it to:

     

    Customer Servicing Department,

    Level 6, Wisma AIA,

    99 Jalan Ampang,

    50450 Kuala Lumpur.


    Can I increase or decrease my policy’s coverage amount?

    Yes, you can. You can change your coverage amount by submitting the Request for Change form.  Submit the completed form, which you can download here to your Life Planner or at any of our Customer Centres.  You can also email the form to my.customer@aia.com or mail it to:

     

    Customer Servicing Department,

    Level 6, Wisma AIA,

    99 Jalan Ampang,

    50450 Kuala Lumpur.


    My AIA

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    What is My AIA?

    My AIA is a portal that allows AIA customers to check their coverage details, perform online transactions, print statements and access their AIA Vitality account.


    How to register and are there any charges?

    Log on to www.aia.com.my and select My AIA to register.  It is free of charge.


    Who can register?

    Anybody who has life insurance or personal accident coverage with AIA Bhd. or AIA Public Takaful Bhd.

    Main borrower of AIA home loans.

    AIA Vitality members

    Company employees who are covered under AIA's Employee Benefits


    Is this the same with AIA@MyService?

    Yes, but with more features as able to perform some online transactions.


    What online transactions can I perform at My AIA?

    Change of contact details.

    Autodebit cancellation

    Update credit card details

    Medical card replacement request

    Online payment.


    Can I login with existing AIA@MyService user ID and Password?

    Yes, you can.


    I forgot my User ID and Password. What shall I do?

    You may reset it online by clicking here.


    Why can't I view my general insurance policies - car insurance, fire insurance, house insurance etc?

    These insurance details will be made available in the near future. For now, please Contact Us for assistance.


    Why can't I view my mortgage loan details?

    Currently, you are only able to view and print mortgage statements.  Mortgage account details will be made available in the near future.


    Do I need to register more than once if I am currently holding policy with AIA and also a member of corporate employee benefit scheme?

    You only need to register once.


    Can I submit my claim in this new AIA@MyService?

    This service will be made available in the near future. Meanwhile, you may access to Directories & Guide to download the claims form and submit them with your supporting documents at any AIA Customer Centre.


    I did not receive the email to reset my password.

    If you asked for a new password but didn't receive your password-reset email:

    • Check the spam or junk mail folder in your email accounts linked to your My AIA account.

    • Check the mobile numbers connected to My AIA. 

    • Try to reset your password again.

    For security reasons, parts of the email addresses and mobile numbers will be hidden (ex: fxxxxxxk@fxxxxxxk.com, xxxxxxx5555).

    Keep in mind, if you still don't receive the email after requesting a password reset, please Contact Us for further assistance. 


    Frequently Asked Questions (FAQs)

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    Where do I submit my claims?

    Please go to www.aia.com.my > select ‘MY AIA’ > Log in to ‘MY AIA’ > go to ‘MY CLAIMS’ > go to ‘EMPLOYEE CLAIM’ > click ‘SUBMIT NEW CLAIM’


    Where can I track my claims status once I’ve submitted my claims online?

    Your claims record will be updated within 48 hours after submitting your claim.

    Please go to www.aia.com.my > select ‘MY AIA’ > Log in to ‘MY AIA’ > go to ‘MY CLAIMS’ > go to ‘EMPLOYEE CLAIM’ > click ‘CLAIM DETAILS’


    Why is my recent claim not reflected on MY AIA?

    Your claims record will be updated within 48 hours after submitting your claim.


    With eClaims, do I still need to keep my original receipts?

    Yes we recommend that you keep the original receipts for 7 years.


    Why do I need to keep my original receipts?

    This is in event that AIA, your respective HR or any relevant authorities may perform a verification exercise with regards to the claims submitted.


    Can the reimbursement be credited into my spouse’s bank account?

    No, we can only credit payments into the bank account belonging to the employee/member.


    How can I submit a claim for a newborn child as the child’s name does not appear in the dropdown list?

    Please contact your HR to confirm if your newborn child has been enrolled and is eligible for coverage. You can only submit the claim once the child’s name appears on the list.


    Why can’t I find the type of claim from the eClaims tab?

    This may be because this coverage may not be available under this particular plan. If your company has another policy with us, you may check if that policy offers the coverage you need. Otherwise, please refer to your HR on the types of coverage that are available at your company.


    Can I still submit my claims using the physical form?

    Yes.


    How do I appeal for rejected claims?

    Please write to us at my.customer@aia.com.


    My annual limit is still available. Why didn’t I receive the full claim amounts?

    The approval of your claim is subject to not only your benefit entitlement but also the terms of coverage. We take into account factors such as annual limit, per visit limit, co-pay/co-share arrangements, customary and reasonable charges and the applicability of any exclusions.


    How long does it take for my claim to be approved and when can I expect the payment to be credited into my bank account?

    Your claim should be processed and approved within 10 working days from the date of submission and the payment will be credited into your bank account within 3 days after the claim is approved.


    What do I do if I have submitted my claim online only to find out later that there are certain information that were keyed in wrongly (e.g. wrong amount, clinic name, diagnosis, etc) or if I would like to attach more supporting documents?

    You will need to submit a new claim. Please call 1300 88 1899 or write to my.customer@aia.com to cancel the claim. You are advised to only resubmit the claim after the cancellation of the previous claim.


    Can I save my incomplete claims and resume later?

    You will not be able to save any incomplete claims.


    Where can I view the user guide?

    Please go to www.aia.com.my > select ‘MY AIA’ > go to ‘DIRECTORIES & GUIDES’ > go to ‘GUIDE TO CLAIMS’


    Who should I contact if I have any queries?

    For any technical issues on the My AIA App, please call 1300 88 1899. To check on your enrolment status, please call 1300 88 1899 or email my.customer@aia.com.


    How do I register?

    Log on to MY AIA at aia.com.my and click Register now.


    What if I forget my user ID and password?

    Go to the MY AIA website and click Forgot your user ID/password? Key in your Full Name and Membership Number. A temporary password will be sent to your mobile/ email. Go to the MY AIA website again, insert in your ID and temporary password. After logging in, the page will prompt you to change your password.


    How can I change my password?

    Go to MY AIA website > Click on My Profile then click on Change password on the Online Profile.


    How can I change my email address?

    Go to MY AIA website > Click on My Profile then click on Edit at Contact Information to change your email address.


    How can I change my phone number?

    Go to MY AIA website > Click on My Profile then click on Edit at Contact Information to change your phone number.


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    Menara AIA, 99, Jalan Ampang,
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    1300-88-1899
    For Overseas Customers
    603 2056 1111
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    1300-88-8922
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    1300-22-7771
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    1-800-88-8733
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    ABOUT US
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    Help & Support
    Contact Us
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    AIA Malaysia
    Menara AIA, 99, Jalan Ampang,
    50450 Kuala Lumpur
    AIA Bhd.
    1300-88-1899
    For Overseas Customers
    603 2056 1111
    AIA PUBLIC Takaful Bhd.
    1300-88-8922
    AIA General Berhad
    1300-88-1899
    AIA Pension and Asset Management Sdn. Bhd.
    1300-22-7771
    AIA Auto Assist / Roadside Assist
    1-800-88-8733

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