2.
What effect does payment of an accelerated Severe Trauma Benefit have on the Life Cover Benefit?
4.
Built-in Children’s Trauma Benefit
What is the Built-in Children’s Trauma Benefit?
AIA will pay a Built-in Children’s Trauma Benefit if a child of a life assured suffers one of the applicable conditions listed in Section 1 of this appendix .
This section applies only if an accelerated Severe Trauma Benefit is shown in the schedule .
When AIA pays an accelerated Severe Trauma Benefit, the Life Cover Benefit for the life assured will decrease by the same amount. Any other accelerated benefits relating to that Life Cover Benefit will also be reduced, if necessary, so that those accelerated benefits do not exceed the decreased Life Cover Benefit. If the Life Cover Benefit is reduced to nil, all accelerated benefits relating to that Life Cover Benefit will be removed. The maximum combined amount payable under the Life Cover Benefit, Specified Terminal Conditions Benefit, Terminal Illness Benefit, Bereavement Support Benefit, Repatriation Benefit, accelerated Severe Trauma Benefit and, if applicable, the accelerated Critical Conditions Benefit, the accelerated Progressive Care Benefit and the accelerated Total Permanent Disablement Benefit is the amount of the Life Cover Benefit for that life assured .
This Benefit is only payable if the child of the life assured :
first suffers a condition after the risk commencement date , subject to the applicable stand down period provisions where these apply;
is aged from three months up to their 21 st birthday at the time he or she first suffers from that condition ; and
survives for at least 14 days after suffering from the condition .
What are the applicable conditions and how much will AIA pay?
For those conditions where the criteria for payment are met as detailed in Section 19 below, the Benefit payable is the lower of $50,000 or 50% of the sum assured across all Severe Trauma Benefit policies for the life assured .
3.
Built-in Financial and Legal Advice Benefit
No payments are made under this Benefit for the Optional Total Permanent Disablement condition.
If AIA pays a full payment claim under this Severe Trauma Benefit for a condition suffered by a life assured , then AIA will reimburse you for fees up to $2,500 including GST (in total) that you pay for financial planning you receive from an accredited Adviser or legal advice received from a legal professional approved by AIA , subject to the following conditions: You must pay for the financial planning or legal advice within the three months following AIA paying the Severe Trauma Benefit claim. You must provide AIA with a completed claim form and a receipt satisfactory to AIA for the fees you are claiming. AIA will only pay one Financial and Legal Advice Benefit per life assured across all AIA policies . This is in addition to the sum assured. The Built-in Financial and Legal Advice Benefit is not payable for a claim for a child of the life assured under the Built- in Children’s Trauma Benefit or the Built-in Parents Grieving Benefit.
AIA will pay a maximum of one claim per child under the Built-in Children’s Trauma Benefit across all AIA policies .
Payment of the Built-in Children’s Trauma Benefit will not affect the amount of any Severe Trauma Benefit payable for the life assured . AIA will not pay a benefit under the Built- in Children’s Trauma Benefit that arises as a direct or indirect consequence of:
a pre-existing condition ; or
any congenital condition .
The Built- in Children’s Trauma Benefit ceases on the child’s 21 st birthday.
5.
Built- in Children’s Trauma Conversion Facility
The Built- in Children’s Trauma Benefit can be converted to :
a standalone Severe Trauma Benefit; or
an accelerated Severe Trauma Benefit with an equal amount of Life Cover Benefit,
with a maximum sum assured of $50,000 or 50% of the life assure d’s original sum assured whichever is the lesser, without further medical evidence. Where the life a ssured’s sum assured has reduced the conversion will be calculated on the reduced amount.
1119 AL- ST version 1 Effective 14 November 2025
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