1. About this policy
payment of the Life Cover Benefit. The Life Cover Benefit will then be reduced by the amount paid under the Bereavement Support Benefit. If the life assured has more than one policy with AIA , only one Bereavement Support Benefit will be payable for the life assured across all AIA policies .
Your AIA Cover for Life policy will pay a Life Cover Benefit when the life assured dies. Details of the Life Cover Benefit including the sum assured , the life assured , premium payment term and paid-up eligibility date are shown in the schedule . AIA Cover for Life offers lifelong protection with payment options that are designed to provide flexibility and certainty. When buying the policy, you choose your sum assured as well as the term during which guaranteed level premiums will be payable (the premium payment term ). At the end of the premium payment term the premiums stop but your cover continues until the death of the life assured . If you experience hardship or your circumstances change, the policy has an option to be made paid-up. This is available any time after the policy has reached the paid-up eligibility date and before the premium end date. If you do this, the premiums stop, but your cover continues until the death of the life assured, with a reduced sum assured that is intended to reflect the premiums you have already paid.
Repatriation Benefit
If the life assured dies, AIA will reimburse the policy owner(s) for the costs of returning the life assured’s body to New Zealand or their home country upon receipt of evidence acceptable to AIA . If the life assured is the sole policy owner , AIA will reimburse the person that has paid for the costs of repatriation upon receipt of evidence acceptable to AIA . The maximum amount of the Repatriation Benefit across all AIA policies for the life assured is the lower of:
the sum assured ; or
$20,000.
The Repatriation Benefit will be treated as an early payment of the Life Cover Benefit. The Life Cover Benefit will then be reduced by the amount paid under the Repatriation Benefit. The Repatriation Benefit may be paid in addition to the Bereavement Support Benefit but no more than the sum assured will be paid for both. If the life assured is the sole policy owner , AIA will pay a maximum of $40,000 in total across both the Repatriation Benefit and the Bereavement Support Benefit.
Defined words
Some words in this document are italicised indicating they are key terms that are defined in section 11: Key terms.
When does your policy start?
Your policy starts on the risk commencement date .
Policy ownership
Your AIA Cover for Life policy is a contract between the policy owner(s) and AIA . If more than one person is named in the schedule as policy owner, the policy is owned by all of them jointly. AIA will pay all benefits to the policy owner , or to the policy owner’s estate. If more than one person owns the policy then AIA will pay all benefits to the policy owners jointly or as they jointly direct, or to the survivor(s) of the policy owners .
3.
Special Events Increase Facility
What is the Special Events Increase Facility?
On each occasion when one of the following circumstances occurs for the life assured :
having a child (by birth or legal adoption);
becoming married or entering into a civil union;
Who does your policy cover?
becoming legally separated, divorced or the dissolution of the life assured’s civil union; experiencing the death of a spouse, civil or de facto partner, you may write to AIA asking us to increase the Life Cover Benefit for the life assured without the need to provide further health information or to undergo any medical examinations or tests. Each increase will be issued on a new policy and will require an additional premium . The premium will be calculated on the rates applicable at the time the Special Events Increase Facility is exercised. The new policy will be subject to the same age selected for the Premium Payment Term as the original policy, however the anniversary date and premium end date may be different from the original policy. Any loadings, exclusions or special terms on the original policy will also be applied to the special events increase.
AIA Cover for Life applies only to the life assured as named in the schedule .
2. Benefits - what you are covered for
Life Cover Benefit
AIA will pay the sum assured when the life assured dies.
AIA will pay the benefit once we are satisfied with all the information which must be presented at the time of making a claim (see section 9: How to make a claim).
Bereavement Support Benefit
Upon receiving evidence acceptable to AIA that the life assured has died, AIA will pay the lower of:
the sum assured ; or
$25,000.
This Bereavement Support Benefit will be treated as an early
1400 A-CFL version 1 Effective 20 March 2026
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