PB Venture Shield

• Shielding your VENTURE from unexpected events
  
  • Pays 100% of Basic Sum Assured upon death / TPD¹
  • Pays additional 100% of Basic Sum Assured upon accidental death²
  • Pays additional 200% of Basic Sum Assured if accidental death happens while in public conveyance²

• Increasing coverage to support your growth
  
  • We understand that your venture is ever evolving. That is why PB Venture Shield comes with an Increasing Sum Assured Benefit³, where your coverage will increase by 2% every 2 years up to end of policy year 8.

• Wide range of coverage & premium terms

Coverage Term Options: 10 years, 20 years or up to age 80

Premium Term Options: 5-Pay, 10-Pay, 20-Pay or Full-Pay

• Vitality Yearly Cash Bonus
  • When the Insured becomes an active AIA Vitality member, the Insured can enjoy an additional benefit called the Vitality Yearly Cash Bonus⁴. As a reward for staying healthy, a Vitality Yearly Cash Bonus will be payable starting from the end of the 2nd policy year and every year thereafter depending on the Insured's AIA Vitality Status.

• Pre-Assessed Financial Quota
  
  • As your lifelong venture continues to grow, PB Venture Shield provides a Pre-Assessed Financial Quota which offers the flexibility for you to secure higher coverage in the future with just a simplified declaration on the financial and insurance coverage status in your next purchase.
  • The Pre-Assessed Financial Quota offered will be based on full financial evidence provided to us upon your first PB Venture Shield application.
  • Terms and conditions apply. Customers who are eligible for Pre-Assessed Financial Quota can refer to the offer letter for more details.

• PB CI Waiver Rider

  • Ensure continuous premium payment if the Insured is diagnosed with any one of the 44 covered critical illnesses or undergo a covered surgery.

Notes:
¹ TPD benefit is issued to standard life Insured with entry age 65 and below. Payment of this benefit will reduce the Basic Sum Assured. The coverage for TPD benefit is up to age 70 of the Insured or the expiry of Basic Plan, whichever is earlier. TPD benefit shall be payable if the Insured suffers disability for a consecutive period of at least 6 months, except for occurrence of disability that is immediately recognised as total and permanent in nature such as total and irrecoverable loss of sight of both eyes; or severance of 2 limbs at or above wrist or ankle; or total and irrecoverable loss of sight of 1 eye and loss by severance of 1 limb at or above the wrist or ankle.

This plan is available for individuals aged between 16 years old and 70 years old.
The entry age varies based on the coverage term and premium payment term as shown in the table below.

Note: This product allows organisation as policy owner.

• Any death arising from the occurrence of the following is not covered under PB Venture Shield:
  
  • Death due to suicide within 1 year from the issue date or commencement date of the policy, whichever is later, AIA Bhd.'s liability shall be limited to the refund of premiums paid without interest.

• Any TPD arising from the occurrence of the following is not covered under TPD benefit:
  
  • Willful exposure to danger; or attempted self-destruction or self-inflicted injuries while sane or insane;
  • Services in the armed forces in time of declared or undeclared war or while under orders for warlike operations or restoration of public order;
  • Activities connected to any aerial device or conveyance except as a fare-paying passenger or crew member on a commercial airline on a regular scheduled passenger trip over its established passenger route;

  • Any congenital defect which has manifested or was diagnosed before age 17; or

  • Pre-existing disability resulting from a physical or mental condition.

• Any accidental death and accidental death in public conveyance arising from the occurrences of the following is not covered under Accidental Death Benefit and Accidental Death in Public Conveyance Benefit, respectively:
  
  • Willful exposure to danger or self-inflicted act while sane or insane;
  • Assault or murder or due to war (declared or undeclared), revolution, riot and civil commotion, industrial action or terrorist activity;
  • Wrongful act such as violation or attempted violation of the law or resistance to arrest, participating in any fight, racing on wheels or accidents due to intoxication of alcohol or drugs; or
  • Entering, exiting, operating, servicing, or being transported by any aerial device or conveyance except when the Insured is a fare-paying passenger or crew member on a commercial passenger airline on a regular scheduled passenger trip over its established passenger route.

• Any critical illnesses arising from the occurrence of the following is not covered under PB CI Waiver Rider:
  
  • Pre-existing conditions prior to the issue date or commencement date, whichever is later;
  • Cancer, Heart Attack, Coronary Artery By-Pass Surgery, and Serious Coronary Artery Disease, for which the signs or symptoms first occurred within sixty (60) days following the issue date or commencement date, whichever is later;
  • All other critical illnesses for which the signs or symptoms first occurred within thirty (30) days following the issue date or commencement date, whichever is later;
  • Critical illness was diagnosed directly or indirectly due to a congenital defect or disease which has manifested or was diagnosed before age 17; or
  • The diagnosis of Fulminant Viral Hepatitis, Cancer, Encephalitis, Bacterial Meningitis, Alzheimer’s Disease / Severe Dementia or Terminal Illness was directly or indirectly due to an Acquired Immune Deficiency Syndrome (AIDS) or infection by any Human Immunodeficiency Virus (HIV).