AIA is actually a very senior insurance company in the industry, a large number of partners are familiar with the name of the company, however, its strength is actually not quite understand. Today, I'm going to give you a detailed evaluation to help you better recognize and understand AIA.
Before we begin, let's be clear about what to look for in an insurance company:
What do we look for when we look at an insurance company?
A. AIA's strength? Read on to find out!
AIA can be said to be a relatively large and well-known insurance company, after reading through his data, you will know whether this company is really reliable.
Below is an analysis of AIA's background, solvency and service quality:
Background
The AIA Company, which belongs to the American International Group, was officially founded in Shanghai in 1919, and it can be called the first company allowed to operate in mainland China in that year. AIA was officially founded in Shanghai in 1919 and can be considered as the first foreign insurance company allowed to operate insurance business in mainland China, with a history of 100 years till now.
In 2021, AIA was ranked 213th on the Fortune 500 list; and in 2022, it was ranked 150th on the list of the top 500 global brands.
Overall, AIA has a strong presence and is not weak in terms of financial strength.
Solvency
Solvency is a basic indicator that must be taken into account when measuring the financial position of an insurance company, which can be understood as the company's ability to pay the insured the amount of insurance in the case of great difficulties, the solvency of an insurance company can be measured by the solvency ratio to measure the comparison.
AIA's consolidated solvency ratio for the 1st quarter of 2022 was 389.82%, and its consolidated risk rating for the 3rd and 4th quarters of 2021 was A, well above the standard bottom line set by the OCI! So, one can just relax about the later claims.
Speaking of claims, here to give you a claims strategy to help you get paid faster, hurry to collect:
"What are the general information on claims? The details determine the success or failure of the claim!
Through the above analysis, I believe that we have a better understanding of the situation of AIA, which is indeed very strong!
But the guys in the insurance to make a selection, the most important thing is to see how the insurance products, the content of the coverage is suitable for themselves. So how well do AIA's popular products perform? Read on to find out!
2. Is AIA's popular product worth getting? A full review!
When it comes to which AIA product is the most popular these days, it's the newly released AIA Guardian Baby 2021 Medical Insurance - a pediatric leukemia insurance product that provides the insured with a "Leukemia Critical Illness Coverage" and "Leukemia Medical Expenses Coverage". +It provides the insured with coverage for "Leukemia Critical Illness Coverage" and "Leukemia Medical Expenses".
Without further ado, here's the product coverage chart that I've compiled:
As you can see from the table above, AIA Guardian Baby 2021 is a good choice for children aged 30 days to 17 years old, as it offers coverage for leukemia, as well as healthcare services.
What does AIA Guardian Baby 2021 do better? I've compiled two points:
1. Specifically set up for Leukemia Disease Benefit
AIA Guardian Baby 2021 creates the concept of a full-process financial protection and resource service, with every detail of the four phases of prevention, diagnosis, treatment, and rehabilitation being taken care of with care and attention.
The highlights are the Leukemia Disease Benefit and the Medical Expenses Benefit, which are still relatively rare in the current medical insurance market. If you buy a 5 million dollar policy, the first diagnosis of leukemia will pay 4% of the basic amount of coverage, directly 200,000 to the place, the use and critical illness insurance is comparable to the use of very practical.
2. Reimbursement for medical treatment abroad
AIA Guardian Baby 2021 specifically includes reimbursement for medical treatment abroad: 70% reimbursement for medical treatment in the United States, and 80% reimbursement for medical treatment in the eight designated countries other than the United States. In other words, if you spend $4 million on medical treatment in the US, the reimbursement will be $2.8 million, and you will only need to pay $1.2 million.
In addition to the above two more attractive places, the school sister really can not find which do more in place, but instead of this product some need to pay attention to the place, the school sister to put it all sorted out:
1.does not guarantee the renewal of the policy
When some of you saw "the maximum renewal age is 22 years old", you naively thought that this product allows unconditional renewal every year until the age of 22 years old, which seems to be quite good.
However, you are really overthinking it, this product - AIA Guardian Baby 2021 does not guarantee the renewal! guarantee the renewal of the policy!
"Renewable up to 22 years old" can be understood as the premise of the health status does not change, the product will not stop selling to 1 year as a cycle, if the termination of the next cycle, it is necessary to reconsider the health status of the underwriting, and found that there is no problem before continuous coverage.
Many of the best medical insurance products on the market have a respectable performance in terms of renewal, such as the eShield Long Term Medical Insurance, which covers a guaranteed renewal period of 20 years. Comparing with this type of product, the performance of the AIA Guardian Baby 2021 is not good enough .......
2. Reimbursement from overseas hospitals
Don't look at the AIA Guardian Baby 2021's overseas medical treatment as so attractive, but in fact, it is conditional on the reimbursement of medical expenses from overseas hospitals, which can be claimed as a direct payment. In other words, if you don't go to an overseas hospital for treatment, you will not be reimbursed for hospitalization expenses at a domestic hospital!
In other words, if you want to be reimbursed for your medical expenses, you have to be eligible for overseas treatment, otherwise it's a waste of money, so make sure you know that before you buy it.
3. Long Waiting Period
AUO's Guardian Baby The 2021 actually covers a 90-day waiting period. After all, the better medical insurance in the market only covers a 30-day waiting period.
The longer the waiting period, the longer it will take to get coverage, which is no small thing for consumers.
Summarizing the full article, AIA is a relatively strong company, although their popular AIA Guardian Baby 2021 has not performed very brightly.
Although this product can specifically protect against leukemia, but there are many requirements, and it is not a simple matter to reimburse them after purchase, unless they have the need for medical treatment outside of the country, otherwise, it is still recommended that you go to buy a normal million medical insurance ~
Parents who want to give their children good protection against leukemia need not worry, there are still Many good medical insurance can choose, the school sister here also targeted the selection of a few products, interested friends may wish to look at Oh:
"The latest ranking of the top ten million medical insurance fresh out!
Written in the end
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