Life insurance

Receive an upfront payment of up to the $25,000 (or the first monthly payment or part thereof if you have the Family Protection Benefit) which can be used to help with the cost of the funeral or any other expenses as needed. If this benefit is used, your Term Life or Family Protection sum assured will be reduced by the amount received.

Term life provides an early payment of up to 100% of your sum assured if you are diagnosed with a terminal illness with a life expectancy of less than 12 months. Not available with Family Protection.

Some terminal conditions, such as motor neurone disease, offer longer survival rates but can significantly impact your lifestyle. If you suffer one of the specified terminal conditions, this benefit will pay the lesser of 30% of your sum assured or up to $250,000 paid in advance. Not available with Family Protection.

If you pass away, we can pay up to $20,000 to assist with returning your body to New Zealand or your home country (the country you were born in or were a permanent resident of). If this benefit is used, your Term Life sum assured will be reduced by the amount received. Not available with Family Protection.

This enables the policy owner to access financial and legal advice from an AIA-approved financial adviser or legal professional at claim time. AIA will reimburse fees up to $2,500.

We will pay up to $2,500 to cover the cost of a Psychiatrist or Psychologist consultation and counselling for you and/or your close relative where the treatment directly relates to a claim.

If the worst should happen to your child and they pass away, we'll help provide financial assistance for your family in a time of need. We will pay you $2,000 for children under 10 years of age and $15,000 for children between 10 and 21 years of age.

Enables you to increase the sum assured under your cover, without further medical underwriting following a significant event in your life which results in increasing financial responsibilities. These significant events include getting married, having a child, your child starting secondary school, taking out or increasing a residential home loan or receiving a salary increase and other major events.

We want to make it easy for you to add additional benefits to your Term Life Cover without needing to provide further medical information. At the time of a special event, you can apply to add a limited amount of 'accelerated' Critical Conditions cover, or 'accelerated' Total Permanent Disablement cover to your Term Life Cover. Not available with Family Protection.

Before reaching the age of 65 years, you have the option to convert all or part of your sum assured to a level premium structure without further medical underwriting.

The flexibility to suspend your cover for up to 12 months, without medical evidence if you meet the following conditions: take parental leave, take leave without pay for any reason, get made redundant, become unemployed, experience at least a 20% reduction in pay (comparing the most recent payslip against a previous payslip from the same year), or if you are self-employed and experience a 30% reduction in revenue (by comparing one month's revenue against the same month for the previous year). No benefits will be payable for any claim event which occurs during this suspension period.