Provides life and health insurance, general insurance – AIICO Insurance Plc

Personal Accident Plan AIICO Insurance Plc.

No matter what precautions we take, accidents are bound to happen. With AIICO Personal Accident Insurance Plan, you can protect yourself and/or your loved ones financially in the event that you suffer a serious accident or disability.

• Loss of life
• Loss of both feet
• Loss of both eyes
• Loss of one hand and one foot
• Loss of one hand and one eye
• Loss of one hand
• Loss of one eye
• Medical expenses
• Burial expenses

Home Insurance Plan – AIICO Home-Insurance

AIICO Home Insurance protects you financially in the event that your home and property is damaged as a result of burglary or fire outbreak. It is designed essentially for those living in rented apartment to cover their contents only against loss as a result of burglary, fire & special peril. Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

International Travel Plans – AIICO Insurance I International Travel Insurance

AIICO Insurance offers international travel insurance including Schengen member states, emergency medical expenses, missed or cancelled flights,loss of baggage

Travelling is always an exciting activity be it for leisure or business. The fun and excitement comes with the responsibility to make your journey safe. Your desire to have a fun-filled travel without worries is what we aim to achieve. AIICO Travel Insurance Plan in partnership with AIG South Africa provides cover against a broad range of mishaps.

Travel insurance is a mandatory requirement at all Schengen embassies (France, Germany, Italy, Netherlands, Iceland, Luxemburg, Belgium, Sweden, Denmark, Greece, Finland, Norway, Spain, Portugal, Slovakia, Slovenia, Malta, Lithuania, Latvia, Hungary, Estonia, Czech Republic, Austria, Switzerland and Poland). AIICO Travel Insurance Plan is recognized and accepted at all Schengen and Non-Schengen embassies. This product is available to Corporate entities and individuals.

Mortgage Protection Assurance Plan – AIICO Insurance Plc.

Are you about to own your own home and put in place a legacy that secures a firm footing for your family in perpetuity? Do not hesitate to secure the mortgage with our mortgage protection plan; it ensures that payment for your property is catered for if death occurs and affects your ability to finance the mortgate. It shields your loved ones and gives them peace of mind even if you are no longer in the picture.

Term Assurance Plan – About Term Assurance?

Level Term Assurance is designed to compensate a business, family or other named beneficiaries for financial loss on the death of the assured. The assured individual may be one who brings money into the business, the family breadwinner, or someone on whom the business/family depends for loan finance.

• This policy covers death only
• Suicide is covered after the first two (2) years of running the policy
• No benefits are made if the life assured survives the period covered by the policy.

MoneyWise Term Assurance

The policy caters to the welfare of named beneficiaries in the event of the demise of the insured within the duration of the policy.

Life Celebration Plan

Rites of passage are significant part of our culture and so is the financial stress that sometimes come with them. AIICO Life Celebration is designed to take care of financial expenses in the event of death of a loved one or self. The plan provides financial assistance upon loss to the family member or named beneficiary.

Who can be covered?

• You
• Your spouse,
• Parents
• Parents-in-law
• Extended Family- Uncles, aunties, step parents. up to a maximum of 14 people

Hospital Cash

Hospital Cash product has been designed to guarantee you an income, in the event that you are unable to go about normal activities by reason of hospitalization.

Time is money and health is wealth.

You cannot enjoy wealth if you are not in good health. Any challenging health situation can place a limit on mobility and deplete financial resources.

AIICO’s Hospital Cash product has been designed to guarantee you an income, in the event that you are unable to go about normal activities by reason of hospitalization. We pay you, while you focus on recovery.

Never get stuck financially on medical reasons. Join the growing list of smart people who have signed up for AIICO’s Hospital Cash.

Features

• Benefit payment will be made upon three (3) or more nights of hospitalization in an approved hospital.
• Minimum age at entry is 18 years, while maximum age at entry is 64 years.
• It is renewable annually.
• Premiums are paid annually.
• There is a waiting period of 30days from inception of policy before claim can be made.
• Within the first 30days, there is a refund of full premium in case you decide not to continue with the policy.

Insurance – Criticare

Criticare covers 5 major critical illnesses and health interventions:Cancer, Stroke, Heart Attack, Kidney Failure and Major Organ Transplant,

You never have to worry about medical bills for critical illnesses anymore.

AIICO’s Criticare is a health insurance plan, designed to provide financial cover against critical illnesses. It helps you to make substantial provision to manage the costs for care and treatments, giving you wholesome peace of mind.

Criticare covers 5 major critical illnesses and health interventions: Cancer, Stroke, Heart Attack, Kidney Failure and Major Organ Transplant.

Marine Insurance (Cargo)

The policy covers goods prior to loading, on board a ship as well as inter-modal carriage of these goods. Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

Service Hull & Machinery Insurance

Marine Hull and Machinery Insurance covers all ocean-going vessels including fishing trawlers and speed boats. Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

Machinery Loss of Profit (MLOP)

AIICO Insurance provides cover for the actual loss of gross profit sustained as a result of a business. This interruption follows an accident that can be indemnified under Machinery Breakdown Insurance. Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

Machinery Breakdown Insurance

This policy covers all those who own and use different types of plant machinery and mechanical equipment. This is a policy designed to insure the policyholder against damage to the machinery (already fixed and in use) caused by breakdown, principally from sources within the machine. Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

Group Life Insurance

Group life cover is long-termed insurance, also known as death in service benefit, which an employer provides to their staff. It is set up by your employer to cover you while you are employed within their organization.

How it works

If you die, death in service benefit pays out a lump sum to your family or next of kin as required by law (Pensions Act of 2004). For your family to receive death in service benefits, you must be employed with your organization at the time of your death. This type of life cover usually runs until your normal retirement age. If you take time out from your career or leave the company for any reason you will no longer be covered.

Who purchases this cover?

Group life is purchased by your employer. The organization pays the premium and agrees on the level of cover with the insurance company. Death in benefit schemes is mandated to be purchased for organizations hiring over 5 employees. Speak with your employer or your HR representative to find out what your group life scheme covers.

Group Education Plan

The fight for attracting and keeping talent in an organization is one of the highest considerations of business leaders. How much to pay for talent and what types of benefits will ensure you get the best people is requires understanding of the talent pool and what is meaningful to them

Fire & Special Peril

We understand how you have put a lot of time, hard work and considerable money into building up your estate and business. We also understand your needs when misfortune strikes when you least expect it. Almost anything can happen at any time – a short circuit can reduce your assets to ashes, a burst pipe can flood your premises, a riot or act of terrorism can wipe away years of effort. To help you protect your business against such uncertainties, we take pride in providing you with our comprehensive protection, backed by sound financial capability.

Consequential Loss Insurance

This insurance is a sure way for you to receive payment for loss of accruable net profit, wages, auditors fees, etc. Protect your earnings.

What is covered?

• Net profit which would have accrued if the fire incident/special peril had not happened.
• Fixed charges as interest, rents rates etc. which are compulsorily payable although no business activities is taking place in the premises again. These are called standing charges in the policy.
• Expenses which will help to facilitate the resumption of normal business and minimize loss of net profit e.g. hiring of temporary premises, engaging the services of extra staff or working overtime. This is called increased cost of working.
• Wages of staff whose services will have to stop immediately due to the fire damage – retained wages of skilled employees whose services are needed/for quick return of the business activities of the company.
• Fee of the Auditors employed to prepare any claim under the policy.

Contractor-All-Risk Insurance

AIICO’s Contractor-All-Risk policy is specifically designed to cover constructions and construction activities with a view to protecting materials, fixtures and equipment being used.

The policy coverage are in two parts:

Section I: Material Damage:

Coverage of any physical loss or damage to any of the equipment insured from any cause except anyone that is not on the list of what was mentioned earlier.

Section II: Third Party Liability:

The policy will indemnify the assured against such sums which the insured shall become legally liable to pay as damages for:

• Accidental bodily injury to or illness of third parties (whether fatal or not).
• Accidental loss of or damage to property belonging to third parties

Electronic Equipment Policy

This provides cover for material damage due to unforeseen and sudden physical loss or damage.
Who purchases this cover?

This is for corporate and individual business owners.

Employer’s Liability

Employers of labour must pay compensation to an employee for injury or death as a result of accident sustained during usual employment.

Erection-All-Risk policy policydddd

AIICO’s Erection-All-Risk policy provides broad insurance coverage during construction or erection of machinery, plant and steel structures. It provides compensation for unforeseen sudden physical losses or damages as a result of excessive pressure, fire & lightening, short circuits, etc. Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

Fidelity Guarantee

AIICO Fidelity Guarantee Insurance provides coverage against any direct financial loss sustained by the employer through acts of fraud, dishonesty, forgery or theft, committed by employees in connection with their occupation and duties. Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

Goods-In-Transit Insurance

More goods are in transit than ever before with equally higher risk of loss. Indemnifying your interests while they are in transit has never been more critical..AIICO Insurance’s Goods-in-Transit policy (GIT) covers the goods of the insured against fire, theft or accidental damage while the goods are being loaded or unloaded, as well as while the goods are in transit or whilst temporarily housed within the general course of transit. Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

Fire & Burglary Insurance

Every home and/or organization is at risk from fire (explosion, lightning, etc.), burglary, housebreaking, etc. and such damages caused to premises. To ensure that you do not suffer from significant losses or damages from the same, AIICO’s Fire & Burglary Insurance gives you comprehensive financial coverage. Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

AIICO Auto-Insurance

Auto insurance, which is the most common of all the known classes of insurance, is designed to protect the insured for loss of or damage to his/her vehicle, damage to third party property including bodily injury and death to third party caused by an accident whilst using their vehicle. AIICO Auto Insurance covers all types of automobiles for both private and commercial uses. Also covered are motorcycles. The insurance is mandatory for anyone using a motor vehicle. Comprehensive Auto Insurance AIICO Insurance offers fully comprehensive, cost effective, motor vehicle insurance that covers all risks related to owning and driving a vehicle. Our motor policies are all customized and structured to suit your needs. The Comprehensive Auto Insurance plan covers the loss or damage to insured vehicles as a result of fire, theft, vandalism, accidental damage or collision. Coverage also includes legal liability for death, bodily injury or damage to the property of 3rd parties arising out of the use of insured vehicles. Speak to an AIICO Staff or Agent today. You may also reach us via email on aiicontact@aiicoplc.com.

International Travel Plans

Travelling is always an exciting activity be it for leisure or business. The fun and excitement comes with the responsibility to make your journey safe. Your desire to have a fun-filled travel without worries is what we aim to achieve. AIICO Travel Insurance Plan in partnership with AIG South Africa provides cover against a broad range of mishaps.

Travel insurance is a mandatory requirement at all Schengen embassies (France, Germany, Italy, Netherlands, Iceland, Luxemburg, Belgium, Sweden, Denmark, Greece, Finland, Norway, Spain, Portugal, Slovakia, Slovenia, Malta, Lithuania, Latvia, Hungary, Estonia, Czech Republic, Austria, Switzerland and Poland). AIICO Travel Insurance Plan is recognized and accepted at all Schengen and Non-Schengen embassies. This product is available to Corporate entities and individuals.

Oil and Gas Insurance

It covers onshore risks including refineries, petrochemical plants, depots, tank farms and also offshore risks comprising multinational and independent lease operators who work along with oil service companies involved in engineering & construction services, seismic operations, drilling rig activities and all kinds of well delivery services.

Poultry Farm Insurance

This product covers birds (broilers, layers, parent stock, grandparents stock, hatchery stock, cockerel, ornamental birds) against death as a result of fire, lightning, windstorm damage, flood, uncontrollable disease and accident. The premium rate is dependent on the standard of risk management, biosecurity, size of the farm, and the type of birds to be insured. The sum insured is based on the declared market value of the broiler at table size, and layers at point of lay.

Requirements include:

• Completion of our proposal form
• Physical inspection/pre-loss survey of your farm
• Standard farm management and Good Agronomy Practice (GAP)

Livestock Insurance Policy

This policy insures livestock (e.g. cattle, sheep, goats, rabbits, and pigs) against death caused by fire, lightning, windstorm, flood, accident, outbreak of uncontrollable disease. The coverage provided by this policy indemnifies based on the value of insured animals in the event of death. The sum insured is dependent on the declared, and/or projected, market value of the animal.

Requirements include:

• Completion of our proposal form
• Physical inspection/pre-loss survey of your farm
• Standard farm management and Good Agronomy Practice (GAP)

Fish Farm Insurance

This policy insures fish against death and fish pond against collapse as a result of fire, lightning, windstorm damage, flood, uncontrollable disease and accident.The sum insured is based on the declared, and/or projected market value of the fish.Premium rate is dependent on the standard of risk management, biosecurity, size of the farm, and the type of fish to be insured.

Requirements include:

• Completion of our proposal form
• Physical inspection/pre-loss survey of your farm
• Standard farm management and Good Agronomy Practice (GAP).

Farm Property & Produce Insurance

This policy provides cover against loss of, or damage to, farm property (e.g. warehouse and farm equipment) and agricultural produce as a result of fire, burglary/housebreaking, lightning, flood, windstorm, explosion, aircraft, earthquake, and impact risks. Premium rate is dependent on the standard of risk management measures implemented in order to protect the property/produce.

Requirements include:

• Inventory of items to be insured
• Completion of our proposal form
• Physical inspection/pre-loss survey of the items to be insured
• Standard management and housekeeping of the items

Plantation Fire Insurance

This policy covers cocoa, sugar cane, oil palm and other plantation farms against loss or damage as a result of fire, lightning, flood, windstorm, and aircraft perils.The sum insured is based on the declared market value of the crops on maturity. Premium rate is dependent on the standard of risk management, biosecurity, size of the farm, and the type of crop(s) to be insured.

Requirements include:

• Completion of our proposal form
• Physical inspection/pre-loss survey of your farm
• Standard farm management and Good Agronomy Practice (GAP).

Multi-Perils Crop Insurance Policy

This policy insures your farm against loss of, or damage to, your crop caused by fire, lightning, explosion, aircraft damage, windstorm, flood and outbreak of uncontrollable pest and disease.The coverage provided by this policy will pay for the production costs of crops that have been lost or damaged during the period from planting up to the maturity of the crop.

Requirements include:

• Completion of our proposal form
• Physical inspection/pre-loss survey of your farm
• Standard farm management and Good Agronomy Practice (GAP).

Area Yield Index – Based Insurance Policy

Area Yield Index Insurance is an insurance policy that provides cover against drought, excessive rainfall, windstorm, frost, uncontrollable plant disease and pest, excessive heat wave, hail and flood. Under this policy class, farmers are grouped into assigned areas (e.g. local government areas, states within the same agro-ecological zones).

Requirements include:

• Risk Information Schedule, detailing: the name, location (address) of the farm, type of crop, number of hectares, sum insured (per hectare), size of each farm, farming period/planting calendar, farm gate price as validated by relevant agencies, expected guarantee yield level, and other relevant information
• Economies of Production (EOP)
• Standard farm management and Good Agronomy Practice (GAP) are required at all times.
• Five years of historical yield data.

Weather Index Insurance

This insurance product covers your farm against inadequate or excessive rainfall leading to crop loss. Claim payout is based on the realization of a specific weather parameter measured over a pre-specified period of time at a particular weather station. The insurance can be structured to protect against index realizations that are either so high or so low as to cause crop losses. For example, the insurance can be structured to protect the insured against too much or too little rainfall.

Requirements include:

• Risk Information Schedule, detailing: the name, location (address) of the farm,type of crop, number of hectares, sum insured (per hectare), size of each farm, farming period/planting calendar, farm gate price as validated by relevant agencies, expected guarantee yield level, and other relevant information
• Economies of Production (EOP)
• Standard farm management and Good Agronomy Practice (GAP) are required at all times.
• Five years of historical yield data.