AIG Life extends premium reduction option for financial hardship

The flexible policy option was originally introduced in April 2020, during the early stages of the Covid-19 pandemic. Under the flexible policy option, customers can request that either their premium, sum assured, or benefit be lowered for six months by self-certifying they are experiencing financial hardship. The reduction was provided on the basis that the lower insurance cost was still above the group's minimum levels for the cover. AIG Life stated that under the current economic conditions, which include increased costs of living and energy prices,  it will continue to offer th...