The elderly market in the future will be grow. Insurance companies in Indonesia have started to anticipate it. What financial protection that is suitable for the elderly? Almost very rarely do we hear of companies that specifically work on the segment of the elderly population. The company thought that the elderly is dry because they are no longer productive. The absence of earnings to make the financial ability of the elderly is far slumped compared to when they are still productive. But, for the businessman or company, there will always be opportunities behind the challenges. This condition has begun anticipated by insurance company, Cigna and AIA Financial. Both two insurance companies already have over 50 life insurance. The writer will discuss about over 50 life insurance comparison of the two companies.
AIA and Cigna
The first over 50 life insurance comparison is related to the time of product launch. Financial AIA launched a product named Senior AIA Life in 2013. Cigna had already been working on this segment. It's product named Cigna Second Life that was launched in 2010. Cigna attempt to offer financial protection for the elderly.
The second is related to insurance premiums. If it calculated daily, premium offered by AIA is quite cheap. Requirements of a customer are not burdensome because it is done without a medical examination. The policyholder can enjoy insurance protection of up to 99 or 100 years. Another benefit to the family if there is risk of death due to accident. Cigna charge lower insurance premiums which is Rp 10,000 per day for a period of at least once a month payment. If payments are made per year, Cigna gave intensive 10% discount.
Talk about over 50 life insurance comparison, both must have their own excellence. The benefits of the AIA are that this product is designed specifically for customers aged 50-70 years. It provides life and accident protection at a time. The insurance period of the product is lifetime. For those of you who want this program, you do not need to be afraid. This is done without any medical examination and medical questions. The amount of the premium does not rise until the end of the insurance period, despite your age increases.
The benefits of Cigna are receive insurance protection to more than 100 years of age. For the death benefit is a maximum, the total sum insured or the premium payment. Cigna provides consulting telemedical services. There is a discount of 5% for the husband/ wife and 10% for annual premium payments. You will get free accident insurance benefits amounting to fifty million for payment by credit card. That is over 50 life insurance comparison of AIA and Cigna.
The next over 50 life insurance comparison of AIA and Cigna is about the market segment. AIA Senior Life is an insurance product designed specifically for those who entered the golden age. The age group 50-70 years. You can go through a golden period calmly and comfortably. You have set up some funds for your beloved family when you are not able to be with them. So, you have made their quality of life is maintained to provide the best and prepare everything from now on.
Cigna Second Life is the first life insurance intended for the elderly with ages between 55 to 80 years. Your parents have given the whole affection, their best effort and hard work to protect you, their children. It is time for you to provide the best protection for them. If you do not choose the wrong insurance, this is where the over 50 life insurance comparison is needed.
That was an over 50 life insurance comparison between AIA and Cigna. There are a lot of things you need to consider to avoid regret later because of the wrong choice. Choose an insurance company that provides products according to what you need
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