7.
Built-in Premium Conversion Facility
The following conditions are applicable to the Children’s Trauma Conversion option:
You may at any time prior to the life assured reaching age 65:
A conversion cannot occur if the child has claimed or was eligible to claim under the Built- in Children’s Trauma Benefit; and Your request for conversion must be received by AIA within 60 days of the anniversary date after the child’s 21 st birthday; and
Convert all or part of your Severe Trauma Benefit from the premium type shown in the schedule to a Level premium structure; or Convert a Level premium structure to an alternate Level premium structure, of which term duration may be the same or less than current Level premium structure.
Your request must be received in writing.
An applicable premium will be payable on converted cover.
AIA will not require you or the life assured to produce further medical evidence at the time of conversion.
6.
Built-in Standalone Conversion Facility
You will be issued a new policy for the sum assured amount of the Severe Trauma Benefit being converted, in which case:
If the schedule shows the Severe Trauma Benefit as standalone you can convert this to an accelerated Severe Trauma Benefit with an equal amount of Life Cover Benefit without any further medical evidence subject to the following:
The Severe Trauma Benefit under this policy will be reduced by the sum assured amount converted;
The life assured was accepted with standard underwriting terms (e.g. there are no special terms, exclusions or premium loadings applicable to the life assured );
The new policy will be issued based on the information provided at the time of conversion, together with the information provided in the original proposal;
The terms and conditions of the new policy will be those which are then offered by us to the general public;
The life assured is only eligible for the Standalone Conversion Facility where the conversion occurs before age 60; The life assured has not made a claim, with AIA or any other insurer, and is not eligible to make a claim under their standalone Severe Trauma Benefit. This includes any claim currently under assessment;
Premiums will be calculated on the current age of the life assured ;
Any special terms, exclusions or premium loadings that applied to your existing Severe Trauma Benefit under this policy will apply to your new Severe Trauma Benefit under the new policy.
The premiums for their standalone Severe Trauma Benefit are paid up to date;
8.
Built-in Special Events Increase Facility
The accelerated Severe Trauma Benefit sum assured must be less than or equal to the standalone Severe Trauma Benefit sum assured; and
What is the Special Events Increase Facility?
On each occasion when one of the following circumstances occurs for a life assured on the Severe Trauma Benefit:
The Life Cover Benefit sum assured does not exceed the accelerated Severe Trauma Benefit sum assured.
having a child (by birth or legal adoption);
The premium for the conversion will be based on the age of the life assured and our premium rates at the date of conversion . If you are issued a new policy for the amount of the standalone Severe Trauma Benefit being converted, the new policy will be issued based on the information provided at the time of conversion, together with the information provided in the original proposal. If the death of the life assured occurs within 90 days of the date of conversion , other than by accidental death , then this conversion is void and the standalone Severe Trauma Benefit will be reinstated from the date of conversion.
becoming married or entering into a civil union;
becoming legally separated, divorced or the dissolution of the life assured ’s civil union;
financially supporting a dependent child through a first course of full-time tertiary education; the commencement of secondary school for the first time by a child of the life assured ; taking out or increasing a home loan because the life assured has purchased a new home, a new residential investment property, a vacation home, or a bare block of land zoned as residential, or is making extensions to a residential property or residential investment property owned by the life assured ;
1119 AL- ST version 1 Effective 14 November 2025
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