AIG Life introduces premium flexibility during COVID-19

AIG Life customers with a life, critical illness or income protection insurance policy who reduce their premium will be covered albeit at a lower level. At the end of the six-month period, the premium, and sum assured or monthly benefit, will automatically return to the previous levels immediately prior to this change being made, without underwriting or completion of any experiencing financial hardship. AIG Life said: "We are receiving calls from many customers facing financial hardship, who are looking for ways to reduce their monthly outgoings. The policy flexibility we are announci...