AIG Life Insurance
Intro to AIG
AIG, or the American International Group, were founded in 1919, however, the roots of the UK branch date back to 1824. Beginning in Belgium in 1824 and operating in the UK since 1939 the branch rebranded to Fortis in the year 2000 and from 2010 as Ageas. In 2015 Ageas became a part of AIG who have been in operation for over 100 years.
They are now a multi-national finance and insurance corporation who operate in over 70 countries, employ upwards of 45,000 people and have around 8 million life insurance customers.
AIG don’t just offer life products – they also offer general insurance, retirement options and operate a technology-enabled subsidiary business. Their headquarters are based in New York City but they have offices located in many countries across the globe. According to the 2018 Fortune 500 list, AIG was ranked as the 87th largest public company in the world.
AIG have previously sponsored Manchester United Football Club. They also currently sponsor the AIG Women’s Open in golf.
AIG signed up to ‘The Protection Distributors Group’ (PDG) Claim Charter, reinforcing dedication to delivering the highest standards throughout the claim experience.
What benefits come with AIG Life Insurance?
All AIG policies come with the Smart Health service, giving access to a range of health and wellbeing benefits. The services are available 24 hours a day, 365 days a year and at no additional cost. AIG offers a £10,000 funeral pledge to cover funeral expenses if there’s a delay in paying out a valid life insurance claim.
AIG policies include access to Winston’s Wish, a bereavement charity.
How many customers do AIG have?
AIG have around 8 million customers in the UK.
What are AIG’s claim pay-out rates?
- For Life Insurance, AIG paid out 99% of all claims in 2020;
- For critical illness cover, AIG paid out 95% of all claims in 2020;
- AIG paid over £115.3 million in claims in 2021, helping 3,188 families and businesses.
What awards have AIG won?
AIG was named “Organisation of the Year” at the 2021 Protection Review Awards & Outstanding Individual Critical Illness Award for Critical Illness Choices – Cover Excellence Awards 2021.
Is AIG Life Insurance good?
Protect Line are an impartial brokerage, so this means we won’t ever give you any advice and will only provide facts. In regards to AIG, we have provided factual information within this page so that you can make a decision when it comes to choosing your Life Insurance provider.
How do I get AIG Life Insurance quotes?
We can offer you quotes for AIG Life Insurance – all you need to do is fill out our online quote form, have a chat with our friendly and professional team and you’ll then have quotes from multiple different insurers to choose from.
How do I pay for AIG Life Insurance?
You can pay for AIG Life Insurance like you would any other policy – this is usually via direct debit and set up when you take out your policy.
How much does Life Insurance from AIG cost?
AIG Life Insurance can vary in cost and is based upon personalised factors such as:
- Your age
- Your health
- Your lifestyle choices
- Whether you’re a smoker
- The length and amount of cover