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{{label}}Claim-based pricing (CBP) is a fairer pricing
approach where your premiums are adjusted based on the claims that you make.UP TO 25% DISCOUNT
off your Standard Level premium if no claims are made under your AIA Max VitalCare – highest discount in the market!
NO INCREASE
in premium level if you choose to seek treatment at a public / restructured hospital.
Medical claims have been growing quickly which has led to rapid increase in premiums. The introduction of claim-based pricing aims to address this by encouraging more prudent use of healthcare services.
for continued access to affordable
and quality healthcare.who are prudent in their use of
healthcare services.
All existing AIA Max Essential A policies will be converted to AIA Max VitalCare from
policy anniversary
on / after 1 April 2021.
AIA Max VitalCare is a rider attached to AIA HealthShield Gold Max A that helps to keep out-of-pocket
expenses to the minimum, while giving you control over your premiums.
With claim-based pricing, premiums at each policy anniversary may increase or decrease depending on the source of claim and the amount of claim paid under AIA Max VitalCare during each policy year.
Source of Claim | Claim Amount | Movement of Premium Level |
---|---|---|
No claims | $0 |
Down 1 Level (Limit at Standard Level) |
Public / Restructured Hospital | Any amount |
Down 1 Level (Limit at Standard Level) |
Private Hospital | $1,000 and below | Remains same level |
Above $1,000 and up to $5,000 |
Up 2 Levels (Limit at Level 4) |
|
$5,000 & above |
Up 4 Levels (Limit at Level 4) |
There are 5 premium levels – starting with Standard Level (the lowest premium level), followed by Level 1 to Level 4 (the highest premium level). Your premium level will determine how much your premium will be multiplied by.
John, 31 years old, pays a Standard Level Premium for his AIA Max VitalCare policy at his policy issue date, 1 May 2021.
*The lowest premium level is Standard Level. Therefore John’s premium level remains at Standard Level.
You may find the answer in our Frequently-Asked Questions (FAQs).