An update on AIG Life’s Group Protection business
Following the purchase of AIG Life in April, we’ve been working closely together to understand what the integration of the business will look like, with the aim of giving intermediaries and customers certainty on our new business products going forward. The first stage of this integration is transitioning to a single product offering.
With this in mind, as of 23.59 on 15th August 2024, we’ll be closing AIG Life to new business for their group protection products. From that date, no new group protection quotes, for new clients, will be issued by AIG Life.
All quotes issued by then will remain valid and can be accepted for the duration of the validity period mentioned in the initial quote. Simple amendments and revisions to these quotes can be made and accepted, within the same quote validity period.
There is no change to the cover for existing clients, they’ll continue to be insured by AIG Life. Rate reviews will continue to be managed by AIG Life as normal. All policy administration, individual assessment and claims processes will stay the same.
Aviva is fully committed to offering market leading products and services to partners, distributors and customers. Our ambition is to continue to enhance and strengthen our core Aviva proposition with the combined knowledge and expertise we have gained through the acquisition of the AIG Life business.
As we continue to work towards a smooth transition, we’ll share information when we can. In the meantime, more information can be found in our FAQs.