One very important part of choosing your life insurance policy is deciding on the right insurance company for your needs. Browsing the internet for hours and hours just to figure out what it is that you are looking for can be quite tiresome, so instead, you can just read some of my blog posts and find out about the best insurance companies that the UK has to offer.

In today’s post, I will present to you the AIG insurance company.

aig insurance

When thinking about the future, most of us fantasise about a calm family life, perhaps some trips we want to take, and all of the beautiful things we have yet to see and experience in this life. We seldom think about what might happen after we are gone. After all, it is a difficult topic. Nobody wants to leave their loved ones behind, as we all realise just how difficult it is to lose a loved one. Choosing life insurance can help ease your worries at least a little bit, as it ensures some financial security for your family even after you are gone.

And the best part is, you get to decide just how much you want to leave behind and under what conditions.

About AIG

aig world

AIG, which is short for American International Group, is a multinational company that operates in more than 80 countries across Europe, Asia and Africa, with its largest market being North America. In the UK, AIG has around 8 million customers.

AIG’s roots can be traced as far back as 1919, and the company provides a wide range of products for all your insurance needs. One of their main goals is to make insurance as easy and as accessible as possible – and their offers reflect that.

AIG’s additional benefits

In addition to its many insurance options, AIG also offers several benefits for its insured clients. They offer add-ons that ensure you get the best medical care possible. Policyholders also have access to Smart Health, the company’s programme, which offers consultations with doctors for both your physical as well as mental health. Those who claim their critical illness insurance are offered a support service, too, and the company also works with Winston’s Wish – a bereavement charity that is focused on helping grieving children and young people. They offer a free helpline, as well as specialist bereavement support services.

A brief history of AIG Insurance

AIG has been around for quite a while, as it was actually established in 1919. Although it had a different name back then – namely, American Asiatic Underwriters, the company’s focus was on providing great insurance from the start. After two years of operating, it started offering life insurance policies, and in late 1920, the company had already spread to the Asian market. After World War II, the company expanded to Europe as well, and in 1967, the company got the name it now has – American International Group, Inc. It went public in 1969. After that, the company continued to grow and also expanded its range of products. Nowadays, you can find anything from business protection to the whole of life insurance at AIG.

history of aig

What does AIG offer?

The company offers a wide range of personal and business insurance products, all of which are designed with one goal in mind – to offer its customers some peace of mind.

AIG offers business protection insurance, which is a must for small businesses, as it can cover loans but also the loss of a key person in case of a disease or even death. It also offers insurance for employees, such as group life insurance, group critical illness insurance and group income protection insurance.

And when it comes to personal protection, there are plenty of options as well. They offer the critical illness cover, the whole of life insurance, income protection, over fifties life plans, and more. If you are unsure about which policy might be the one for you, you can read more about different types of insurance in our insurance guide.

How many protection claims does the company pay out?

aig payouts

In 2020, AIG paid 3,188 claims, which amounts to £115.3 million paid for various types of insurance. And when it comes to life insurance, 99 per cent of all claims made in 2020 were paid. That means that the AIG insurance company helped 2,686 families, individuals and businesses maintain a certain level of financial freedom even after the loss of important people in their lives.

Is AIG the insurance company for you?

In addition to its wide range of insurance products, AIG also offers additional programmes that help people get through the most difficult times in their lives. They are focused on making the process of getting insurance as simple and as straightforward as possible while always treating their customers with respect. 

You may also like

AVIVA Life Insurance

AVIVA Life Insurance
To the top
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}