AIA wins RAC mandate
AIA Australia has this week confirmed a four-year deal with Western Australia’s Royal Automobile Club (RAC) to provide life insurance cover to its 800,000 members and has developed two specific new products.
The company announced that, as part of the agreement, RAC Life Protect and RAC Accident Protect, had been developed to provide life insurance protection with up to 10 per cent bonus cover at no extra cost for RAC members.
The announcement said the arrangement had followed on from recent deals struck with Bendigo Bank and last year’s bancassurance agreement with Citibank.
Commenting on the arrangement, RAC General Manager James Forbes said the organisation believed that life and personal insurances were an important step in supporting the financial health of RAC’s members
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