“AIA’s Padauk Lat Saung” is a special seasonal campaign by AIA Myanmar to support customers in providing life and health protection to their loved ones.

As part of this Campaign, AIA Myanmar, through its Thingyan CSR fund, will provide Premium Support to customers who purchase AIA Myanmar’s Universal Life or One Health Solution (Individual) insurance policies, to help ensure they are financially well-protected from unexpected life and health risks.

Customers purchasing Universal Life or One Health Solution (Individual) insurance policies during the Campaign Period will be entitled to Premium Support in an amount equivalent to:

•         10% of the First Policy Year Premium of their Universal Life Regular Protection Premium (RPP)
•         10% of the First Policy Year Premium of their One Health Solution (Individual) Annual Premium.

Campaign is applicable for all Universal Life and One Health Solution (Individual) insurance policies issued in the period from 1 March 2024 to 31 May 2024.

Campaign Terms & Conditions

1.      Campaign is applicable for all new Universal Life and One Health Solution (Individual) insurance policies issued in the period from 1 March 2024 to 31 May 2024 (“Campaign Period”) only.

2.      Premium support for Universal Life or One Health Solution (Individual) insurance policy will be provided by AIA Myanmar through its Thingyan CSR Fund for Universal Life or One Health Solution (Individual) insurance policies purchased during the Campaign Period (“Premium Support”).

3.      To be eligible for this Campaign, premium payment method for Universal Life and One Health Solution (Individual) insurance policies must be in annual mode only.

4.      The applicable Premium Support for each eligible insurance policy shall be calculated in the following manner:

    a)     For a Universal Life insurance policy issued during the Campaign Period, the Premium Support will be calculated based only on the First Policy Year Universal Life Regular Protection Premium (RPP) paid by the customer for the relevant policy; and

    b)     For a One Health Solution (Individual) insurance policy issued during the Campaign Period, the Premium Support will be calculated based only on First Policy Year Annual Premium paid by the customer for the relevant policy.

5.      Premium Support would be applicable only for the First Policy Year Premium for any Universal Life insurance policy or One Health Solution (Individual) policy issued during this Campaign. For all subsequent premium payments (i.e., renewals for Year 2 and onwards), the Premium Support would not be applicable.

6.      Acceptance and issuance of any insurance policy under this Campaign is subject to AIA Myanmar’s underwriting guidelines. AIA Myanmar reserves the right to not issue any policy under this Campaign, solely at its discretion.

7.      In the case of cancellation of the Universal Life or One Health Solution (Individual) insurance policy issued during this Campaign; the premium refunded to the customer will not include the Premium Support amount.

8.      AIA Myanmar reserves the right to discontinue or amend the terms and conditions of this Campaign at any time; without giving prior notice to the customer and without incurring any liability onto itself. Any decision of AIA Myanmar concerning these terms and conditions are final.

9.      Benefits under this Campaign cannot be claimed in conjunction with any other ongoing AIA Myanmar customer campaigns.