AIA Life said on the 5th that it launched the (Non-Participating) AIA Global Power U.S. Dollar Annuity Insurance. The product is a monthly premium, interest rate-linked annuity insurance.
The product features a "high-value contract bonus" that provides up to 15% of the base premium at the annuity start date when high-value contract customers above a certain amount keep the policy long term.
After a certain period following enrollment, customers can use the "lump-sum dollar annuity conversion program" to adjust the annuity structure considering the customer's retirement timing and cash flow plans. By changing the insured, it is also possible to design retirement, inheritance, and gifts for the family unit.
Through the won conversion service (CES), premiums can be paid and annuities and insurance benefits can be received in won or U.S. dollars conveniently without a separate currency exchange process. Also, according to standards set by AIA Life, customers are provided with an "overseas remittance service" that allows them to remit insurance benefits above a certain amount to overseas accounts in the United States, Canada, Australia, Hong Kong, Singapore, and other locations.
Healthcare services for a healthy retirement are also provided. Customers who enroll above a certain amount can receive various benefits at no additional expense until the annuity begins, including 24-hour health consultations, referrals to specialists, and health management related to major diseases.