9.
Built-in Counselling Benefit
The Optional Total Permanent Disablement condition does not apply once the life assured attains age 65.
The Counselling Benefit covers the cost of a Psychiatrist or Psychologist consultation and/or counselling for the life assured and/or a close relative of the life assured where the support treatments and/or consultations directly relate to a claim under the Severe Trauma Benefit. After referral by a registered medical practitioner we will reimburse up to $2,500 including GST (in total) per life assured , subject to the following conditions: The consultation and/or counselling must be paid for within 12 months following AIA paying the Severe Trauma Benefit claim; and
12. Optional Life Cover Buyback Benefit
What is the Optional Life Cover Buyback Benefit?
The Optional Life Cover Buyback Benefit applies only if shown in the schedule and if you have selected an accelerated Severe Trauma Benefit. Where an Optional Life Cover Buyback Benefit is selected, this allows the Life Cover Benefit to be reinstated without the need to provide further medical evidence following an accelerated Severe Trauma Benefit claim, subject to the following conditions: The Life Cover Benefit can be reinstated to the level applying immediately before the accelerated Severe Trauma Benefit claim.
AIA must be provided with a receipt for the consultation and/or counselling being claimed.
The $2,500 is payable once per life assured per policy. This is in addition to the sum assured.
The Optional Life Cover Buyback Benefit can be exercised:
10. Built-in Parents Grieving Benefit
When is a Parents Grieving Benefit payable?
− within 60 days of the accelerated Severe Trauma Benefit claim payment; or
AIA will pay a Parents Grieving Benefit if:
a child of a life assured dies prior to birth but after at least 24 weeks gestation; or
− within 60 days of the life assured surviving a period of six months after an accelerated Severe Trauma claim payment for one of the following conditions:
a child of a life assured dies.
AIA will not make any payment if the death occurs within 12 months of the risk commencement date except where it is an accidental death. This Parents Grieving Benefit ceases on the child’s 21 st birthday.
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Paraplegia.
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Quadriplegia.
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Diplegia.
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Hemiplegia.
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Alzheimer’s disease.
How much will AIA pay for the Parents Grieving Benefit?
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Permanent blindness.
The Benefit payable:
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Permanent loss of hearing.
if the child is under 10 years of age AIA will pay a maximum of one claim of $2,000 per child under the Parents Grieving Benefit across all AIA policies; or if the child is 10 years of age or over AIA will pay a maximum of one claim of $15,000 per child across all AIA policies for a life assured . Payment of the Parents Grieving Benefit will not reduce the sum assured of the Severe Trauma Benefit for the life assured .
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Dementia.
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Permanent loss of use of limbs (including sight)
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Multiple sclerosis.
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Idiopathic Parkinson’s disease.
− within 60 days of the life assured surviving a period of 12 months after an accelerated Severe
Trauma Benefit claim payment for all other conditions (including the Optional Total Permanent Disablement condition, where applicable).
11. Optional Total Permanent Disablement condition
The Optional Total Permanent Disablement condition applies only if shown in the schedule and, subject to the provisions of this appendix , is included as a condition under the Severe Trauma Benefit. The Optional Total Permanent Disablement condition does not apply to any child of a life assured covered under the Built-in Children’s Trauma Benefit.
Only one Life Cover Buyback reinstatement will apply per life assured per policy.
The maximum Life Cover Benefit that can be reinstated is 100% of the accelerated Severe Trauma Benefit claim or $2,000,000, whichever is the lesser.
What other conditions apply to cover reinstated under
1166 ALB-ST version 2 Effective 12 May 2026
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