AIG to Offer Vision Insurance Product

February 16, 2005 ( - AIGs Domestic Accident and Health Division has announced the launch of AIG Vision Care, a new insurance program designed to aid companies in strengthening their benefit packages with vision coverage.

The program aims to deliver a range of eye-care programs that give flexibility by offering alternative program structures, including multiple provider networks and varying levels of benefits, according to the company. As a voluntary program payable through convenient payroll deductions, companies can obtain group rates for their employees’ vision insurance.

In the program, insureds will be reimbursed for any claims originating from a visit to a nonparticipating vision service provider. Coverage may also be extended to spouses and dependents of an insured, according to the company, and can also be paid for by employers.

The American International Group is an international insurance and financial services organization.