fbpx

Find The Best Insurance Plans

Canada Best Health Insurance Companies banner

Institutions, agents and/or brokers from these companies may be competing for your business

AIG Canada Employee Benefit

Learn about AIG Canada Employee Benefit Plan

Employees are the greatest assets of any business organization, no matter the industry. A business that expects to grow and expand should provide group benefits to its employees. Of course, you can increase your employees’ taxable salaries as a form of benefit but this is an inefficient way of rewarding your dedicated workers.

An efficient way of rewarding your employees is by providing them with appropriate insurance coverage such as health and life insurance. AIG Canada employee benefit plan is one of the benefits plans that can be designed to suit your organization. With its over 50 years of experiences in the industry, AIG provides comprehensive and innovative solutions to businesses in all industries.

AIG’s commercial or business insurance is suitable for all business sizes whether mid-sized businesses or large corporations. Furthermore, AIG insurance solutions can also be leveraged by entrepreneurs, multinationals, expatriates, individuals, and non-profit organizations.

The robust group benefits provided by AIG is one easy way to ensure that your employees have the peace of mind, safety and security to focus entirely on your business. You can ensure that your employees are highly satisfied with your business by providing some of the best coverage to them and their family. You can even design the policy in such a way that the employees can retain their coverage after leaving your company.

To learn about AIG Canada employee benefit plan, click here.

AIG Canada Employee Benefit Plan Details

AIG is a specialist in providing accident and health solutions. It provides a number of accident and health products and services which include amateur sports accident insurance, attaché business travel insurance, basic accidental death, and dismemberment insurance, critical illness insurance, entertainment and hospitality, hospital cash insurance, out-of-country medical, personal accident insurance, and so forth.

Accidents may place a financial burden on your employees and their families. The cost of hospitalization for minor stitches could be thousands of dollars and major surgeries could be hundreds of thousands of dollars. However, by providing the hospital cash plan to your employees, you can help them to pay for each day of hospitalization.

Personal accident insurance is also an interesting coverage provided by AIG Canada to employees. With this coverage, businesses can offer their employees the needed financial protection in the event of an injury or an accidental death. You can easily add personal accident insurance as an optional supplement to the coverage you provide your employees.

To learn more about AIG Canada insurance, click here.

News about AIG Canada Employee Benefit

AIG has stopped underwriting new policies in its individual personal lines of business in Canada including homeowners and auto coverage.

Speaking to Canadian Underwriter, AIG Communications director Lynn Woodburn said that the individual line of business represents a small percentage of the company’s portfolio in Canada and based on market conditions, AIG has decided to stop underwriting new policies in this area.

Woodburn added that the decision does not affect the company’s portfolio including its health and accident policies. Also, the company will ensure that the in-force policies go on receiving comprehensive policy administration and claims services.

Woodburn also added that the insurance reviews its operations from time to time to ensure that it provides its partners and clients with valuable services and products. In 2018, AIG reported a total of $1.2 billion in direct premiums written (DPW). This is based on figures from the Office of the Superintendent of Financial Institutions (OSFI).

It reported just above $49 million DPW for personal property and $6.3 million DPW for private passenger auto lines in its personal lines. Also, the company wrote just under $569 million DPW in the commercial property business and $87.3 million DPW in commercial auto.

Colin Simpson, the CEO of the Insurance Broker Association of Ontario (IBAO) said there should be a concern when a company leaves or reduces its writing in specific lines of business in the Ontario market. But AIG is not alone in its actions. Several other companies are adjusting their underwriting in the current market conditions.

To learn about AIG Canada employee benefit news, click here.

icon

Employee Benefit Plan By Provider

Learn about employee benefit plan by providers.

icon

Employee Benefit Plan By City

Learn about employee benefit plan by city.

icon

Employee Benefit Plan By Province

Learn about employee benefit plan by province.

AIG Canada Employee Benefit FAQ

What are the accident and health products and services offered by AIG?

AIG offers several products and services in its accident and health package. These include amateur sports accident insurance, attache business travel insurance, basic accidental death, and dismemberment insurance, critical illness insurance, entertainment and hospitality, hospital cash insurance, out-of-country medical, personal accident insurance, student accident insurance, and travel protector.

How do I report an accident and health claim on AIG?

You can submit an accident and death claim to ahclaimscan@aig.com or fax your claim to 1-855-326-5546. In case of emergency, you can contact AIG at 1-877-317-8060 to report a claim. You may also use the emergency contact to report your claim after standard business hour.

How do I report a casualty or excess claim?

If your casualty or excess claim occurred in Canada or the U.S., you can submit your claim to casualtyclaimsCA@aig.com (for casualty claim) or to excessclaimsCA@aig.com (for an excess claim). You can also fax your claim to 1-844-896-9986 or 1-844-896-9985 respectively.

To learn more about employee benefit plan, click here.

Speak To An Expert

Get a Quote