The insurance company Ageas Protect has been bought by the AIG Group, which is a large, US-based insurance organisation with customers in more than 130 countries.
AIG currently offers personal accident, health and travel insurance in the UK, as well as commercial insurance. The deal with Ageas will allow them to expand into the UK life insurance market, and build on the existing Ageas product range.
We would like to reassure our clients with Ageas policies that this does not affect them in any way. Ageas Protect Limited will continue as the insurer but has changed its name to AIG Life Limited. You may see the name change on your direct debit, but there is no need to notify your bank as the change will happen automatically.
The change has no impact on the terms of your policy, the premium or the benefits you are covered for.
Ageas will be writing to policyholders in the near future to confirm all the details, but if you have any queries at all then please do not hesitate to contact us.