11.
Built-in Parents Grieving Benefit
When will AIA not pay a claim for an increase under this Benefit?
When is a Parents Grieving Benefit payable?
a.
Increases in sum assured added to this policy
AIA will pay a Parents Grieving Benefit if a child of a life assured dies:
After a Built-in Severe Trauma Future Insurability Benefit increase has been made, AIA will not pay the increased amount if, before the increase, or within six months of the increase, the life assured :
prior to birth but after at least 24 weeks gestation, provided the child would have been born at least 12 months after the risk commencement date if the pregnancy continued to full term, where the life assured is the biological mother of the child ; or
suffers any condition for the first time other than due to an accident under the Severe Trauma Benefit; or
has any symptoms or signs leading to a condition (whether or not a registered medical practitioner has been consulted) that may result in a claim for anything other than an accident under the Severe Trauma Benefit.
after birth and at least 12 months after the risk commencement date.
This Parents Grieving Benefit ceases on the child ’s 21 st birthday.
b.
Increases in sum assured issued as an additional new policy
How much will AIA pay for the Parents Grieving Benefit?
The benefit payable is:
Where this policy or any part of the sum assured under it, has been issued as the result of an increase under the Built- in Severe Trauma Future Insurability Benefit, then the Built- in Severe Trauma Future Insurability Benefit under this policy will not be available for the proportion of the sum assured that represents the increase.
$2,000 if the child is under 10 years of age, or
$15,000 if the child is 10 years of age or over.
Payment of the Parents Grieving Benefit will not reduce the sum assured of the Severe Trauma Benefit for the life assured . AIA will pay a maximum of one claim per child under the Parents Grieving Benefit across all AIA policies for a life assured .
AIA will not pay the increased amount if, before the increase, or within six months of the increase, the life assured :
suffers any condition for the first time other than due to an accident under the Severe Trauma Benefit; or
12.
Built-in Counselling Benefit
has any symptoms or signs leading to a condition (whether or not a registered medical practitioner has been consulted) that may result in a claim for anything other than an accident under the Severe Trauma Benefit.
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 an appropriate specialist 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 three months following AIA paying the Severe Trauma Benefit; and
10.
Built-in Return Home Benefit
AIA will pay a Return Home Benefit if the life assured is outside of New Zealand and suffers, for the first time, a covered condition . The Return Home Benefit will reimburse the cost of a standard economy flight back to New Zealand for the life assured and one support person. You will need to provide evidence of the transport costs satisfactory to us before a claim under the Return Home Benefit will be paid. In total the maximum we will pay over the life of the policy under the Return Home Benefit is $10,000. A Return Home Benefit is paid in addition to the Severe Trauma Benefit.
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.
13.
Built-in Suspension of Cover Benefit
A life assured can suspend their cover under this benefit appendix for up to 12 months if they:
No payment will be made if the life assured is covered for the same event with a travel insurance provider.
go on parental leave;
go on leave without pay for any reason;
1119 AL- ST version 1 Effective 14 November 2025
Page 7 of 18
Powered by FlippingBook