AIG Insurance Logo

AIG Income Protection Insurance Review

Policy Review & Quotes
Black Lion – Part of Halo Consulting
Request Income Protection Quotes from AIG

AIG Income Protection – Introduction


AIG Life Limited is the division of AIG (American International Group, Inc) which provides the UK with life, critical illness and income protection insurances.

Founded in 1919, AIG operate in over 80 countries and have been operating in the UK for over 60 years.

AIG have an emphasis on making insurance accessible, easy and available to all.


Contact Details

Income Protection Claims Line: 0345 600 6815
Email Claims: [email protected]
Address: The AIG Building, 58 Fenchurch Street, London EC3M 4AB
FCA Register:

AIG Life Customer Reviews

Last updated:

AIG Life’s UK arm use Trustpilot to collect reviews from both verified and unverified customers. To date they have a total of 163 reviews of which 50% have provided a 5 star rating and 43% a 1 star rating. At the time of writing AIG have received just 35 reviews in the 12 months.

Read AIG Life Trustpilot Reviews

2022 Payouts

Last updated:

According to their claims statistics AIG Life paid 90% of Income Protection claims in 2022 paying £1.6 million in claims.

Reasons policyholders claimed

Industry Awards

Last updated:

AIG Life have a 5* Defaqto ratings for its YourLife Income Protection Policy. In 2023 they were highly commended by Cover magazine in the Outstanding Promotion of Protection category and nominated for 4 awards in the Protection Review Awards.

AIG YourLife Income Protection Plans

AIG’s YourLife Income Protection plans offer either a 24 month benefit period or long-term cover up until retirement age. AIG’s policies can be noted for the additional benefits that can be claimed such as death, terminal illness, trauma and spouse and child cover. Additionally AIG will provide cover for individuals with type 2 diabetes and have an easy to follow application process for their income protection for contractors.

The information below provides an overview of specific Income Protection policies although is not intended to provide advice on the suitability of any particular policy for the reader. For a free consultation and full market review speak with Black Lion Insurance today on 0203 011 00 22 or request a AIG Income Protection Quote Online.

Black Lion Insurance
Hand and Wages to represent Monthly Benefit

Monthly Benefit and Maximum Cover

Policyholders can cover a maximum of up to 60% pre tax annual income for the initial £30,000 covered. Then a maximum of up to 55% between £30,000 and £100,000 and up to 45% of any pre tax annual income that exceeds £100,000. The monthly benefit cannot exceed £20,833. Any income received through state benefits will not affect what AIG pay.

Pair of Crutches Icon to represent Incapacity

Incapacity Levels

AIG uses 3 different levels of incapacity.
Own Occupation: Policyholder can no longer undertake essential / integral duties of their job that can not reasonably be modified or omitted.
Suited Occupation: Policyholder is totally incapable of completing essential duties of an occupation that takes into account their employment history, transferable skills, training, education and experience.
Work Tasks: Policyholder is unable to carry out at least 3 of 6 daily activities people need to do in everyday life.

Heart Pulse to represent Health

Medical Exclusions

Exclusions can be applied as a result of the health information provided before the start of the policy. Notably AIG will even offer cover for people with type 2 diabetes. 

Hour Glass Icon to represent the Deferred Period

Deferred Period

Deferred period options 4 weeks, 8 weeks, 13 weeks, 26 weeks, 52 weeks. If the policyholder returns to work after receiving the monthly benefit and subsequently has to then make another claim within 26 weeks there is no deferred period provided that the cause for the new claim is the as that of the the original claim and the policyholder informs AIG within 2 weeks of having to stop work again.

Calendar to represent Benefit Period

Benefit Period

AIG use the terminology “Full Payment Term” for policies which provide long-term protection and will pay the policyholder the monthly benefit for as long as they are unable to work or the duration of their policy comes to an end. Policies with a “Limited Payment Term” provide a maximum of 24 months benefit for an individual claim.

Income Protection Insurance Policy

Policy Duration

The minimum “Term of Cover” is 5 years and the maximum is up to the policyholder’s 70th birthday.

Minimum Eligible Criteria

To apply for AIG’s Income Protection applicants must at least meet the following criteria:

  1. Employed, self-employed or a homemaker
  2. Aged between 17 and 54 years old at the start of the policy
  3. Residents of the UK, Channel Islands, Isle of Man or Gibraltar

Additional Policy Features

Online GP

Online GP

Free of charge for policyholder, partner and any children up to the age of 21. Unlimited access to online, telephone and video consultations with UK-registered GPs able to issue prescriptions and make referrals to see a specialist.

Parent and Child

Spouse and Child Cover

AIG will pay the monthly benefit or £1,500 per month (whichever is lower) for a maximum of 12 months in the event that the policyholder’s spouse / civil partner or child suffers from an illness or injury which incapacitates them for more than 3 months. The incapacity definition of “Work Tasks” (mentioned above) is used when evaluating any claim.

Lifesaver to represent Death Benefit

Death Benefit

If the policyholder dies during the Term of Cover, AIG will pay a lump sum of £10,000.

Cancer Care

Terminal Illness Benefit

If the policyholder is incapacitated and diagnosed with an illness which can not be cured and life expectancy is less than 12 months a lump sum payment equivalent to 12 months benefit will be made.


Trauma Benefit

Trauma Benefit pays a lump sum equal to 6 months benefit up to a maximum of £50,000. It covers the policyholder if they suffer from debilitating permanent health issues such as blindness, deafness, loss of hands or feet, loss of independence, loss of speech and paralysis of limbs.


Hospitalisation Benefit

If the policyholder endures a stay in hospital beyond 6 consecutive nights the policy will pay a Hospitalisation Benefit of £100 per night up to a maximum of 90 days. This is paid in addition to any other benefit.

Broken Bone


If the policyholder is incapacitated AIG may cover the cost of services that could improve their health and help them to return to work quicker. For example, physiotherapy sessions may be approved depending on the situation.


Travelling Abroad

Cover is only valid if policyholders are resident in an eligible country* when they become incapacitated. If the policyholder is travelling in a country not included in the eligible list when they become incapacitated they must return to an eligible country before the end of their policy’s deferred period. Policyholders must return to the UK, Channel Islands, Isle of Man or Gibraltar within 26 weeks of becoming incapacitated to continue receiving the monthly benefit.

*In Europe these include: Austria, Belgium, Channel Islands, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Isle of Man, Italy, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden & Switzerland. Outside of Europe the territories are Australia, Canada, Hong Kong, Japan, New Zealand and USA.

AIG Income Protection Indicative Quotes

Last updated:

Example Monthly Premiums shows price of quotes obtained for AIG's YourLife Plan Income Protection with level cover & guaranteed premiums. Quotes are for a non-smoking individual with a low-risk, office-based occupation (such as Administration, Accounting, Human Resources, IT, Marketing, Software etc). Policy ends on 65th birthday of the insured.

Policy Type Age Monthly Benefit Deferred Period Benefit Period Example Monthly Premium
YourLife Income Protection 30 £1,500 4 weeks 2 years £18.58
YourLife Income Protection 30 £1,500 13 weeks 34 years £28.13
YourLife Income Protection 30 £1,500 4 weeks 34 years £49.32
YourLife Income Protection 40 £2,500 4 weeks 2 years £42.20
YourLife Income Protection 40 £2,500 13 weeks 24 years £66.95
YourLife Income Protection 40 £2,500 4 weeks 24 years £120.56

Please Note: These example monthly premiums are based on quotes obtained from AIG using information of an individual described above. They are intended for illustrative purposes only and to assist readers better understand and compare the potential price differences between the insurance policies listed. These quotes are not personalised or tailored to specific individual circumstances and may not reflect the actual monthly premium or terms that an individual with a similar overview may receive. For accurate, up-to-date advice and personlised quotes readers should contact Black Lion Insurance.