Optional benefits you can add on
See at a glance whats included in the different insurance options:
Start-Up Income Protection
Business Continuity
Specified Accidental Injury Cover
Waiver of Premium
Partial Disablement Benefit
Partial Disablement Bridging Benefit
Specified Accidental Injury Cover This optional benefit provides a single up-front payment, should you experience an accidental injury. This payment can be used for whatever you need: covering treatment costs, getting taxis to work, hiring someone to help with children, or simply taking time off work to recover. You choose how much cover you need, up to $5,000 a month, and the lump sum you receive is based on the treatment you require. Making a claim under this optional benefit is not affected by payments from ACC or other insurances you may have. Waiver of Premium This can remove the burden of paying premiums when you are unable to work due to total disability. We will waive your premium payments, while your insurance remains in place. This benefit is compulsory with Start- Up Income Protection and Business Continuity and you’ll incur an additional cost.
Partial Disablement Benefit This provides additional income if, owing to a
A note on exclusions and benefits Our business insurance (including the built-in benefits and optional benefits in this brochure) is subject to certain stand-down periods and exclusions. Please also note that the optional benefits are subject to an increase in premium and their own terms and conditions. For more information, please refer to the relevant policy wordings which can be found on aia.co.nz or speak to your Adviser.
continuation of the disability, you are working less than 75% of the working hours stated at application time and have been totally disabled. If you choose to take this benefit you’ll also have access to: Partial Disablement Bridging Benefit If you move from a total to partial disability benefit, this pays a lump sum equal to 1/3rd of the last monthly total disability benefit to help cover costs during the transition period.
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Business Insurance
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