5. Your premiums
What is the maximum cover that can be added?
The maximum increase for each special event cannot exceed the lower of:
Premium
To ensure your policy remains in force you must pay the premium on a regular basis as agreed with AIA. The premium is shown in the schedule and the first payment is due to AIA on the first premium due date . No further premiums are payable after the premium end date .
50% of the Life Cover Benefit for the life assured ; or
$250,000.
The total of all increases made under this Facility cannot exceed the lower of:
100% of the Life Cover Benefit for the life assured ; or
Premium payment term
$750,000.
AIA calculates your premium based on the premium payment term chosen.
The maximum increases outlined above each apply in respect of all Life Cover and/or similar benefits for the life assured across all AIA policies .
The premium payment term you have selected cannot be changed after the risk commencement date . The premium payment term ends on the premium end date , being the anniversary date following the life assured reaching the age selected.
What are the other conditions applying to this Facility?
Any special events increase is subject to the following conditions: You must make the request within 12 months of the relevant special event and provide AIA with suitable evidence of the occurrence of the event. A life assured over the age of 55 is not eligible for Special Events Increases. In any 12 month period you can make only one increase under this Facility. No Special Events Increase can be exercised after the policy has become paid-up . AIA will issue a policy for the increased Life Cover Benefit for the life assured from the date we accept your request. Where this policy has been issued as the result of an increase under a Special Events Increase Facility, then: The Special Events Increase Facility will not be available under this policy. AIA will not pay the increased benefit amount if: − before the increase, the life assured qualified for payment of the Terminal Illness Benefit or the Specified Terminal Conditions Benefit under any other AIA policy ; or − within six months following the increase, the life assured : o dies except where accidental death under this benefit occurs, or o qualifies for payment of the Terminal Illness Benefit or the Specified Terminal Conditions Benefit under any other AIA policy.
Guaranteed premiums
The premium will remain level for the duration of the premium payment term (subject to relevant changes in taxation or legislation and provided no changes to your policy are made – see section 7: Changes to your policy).
Method of paying premiums
You must pay all premiums to AIA . Premiums can be paid by direct debit, credit card or debit card. Premium payments are not effective until after they have been credited and cleared to AIA’s bank account.
What happens if you do not pay the premium on time?
You have 30 days’ grace in respect of any premium due. If you have not reached the paid-up eligibility date , AIA will be entitled to cancel your policy by written notice to you, using your last known contact details, if a premium remains outstanding 31 days after a premium due date . If you want to have the policy reinstated, you must write to AIA . AIA does not have to reinstate the policy but may do so on any conditions it considers appropriate, including payment of all premium arrears. If AIA has to pay a claim under the policy when a premium is overdue, the overdue premium may be deducted from the claim payment. If you have reached the paid-up eligibility date , your policy will become paid-up instead of being cancelled. See section 6: Paid-up option with reduced cover for details.
4. Exclusions – when AIA won’t pay a benefit
6. Paid-up option with reduced cover
AIA will not pay any benefit where the life assured dies as a direct or indirect result of an intentional self-inflicted act (whether sane or insane) within 13 months of the risk commencement date or, if cover has been reinstated, the date of reinstatement.
Any time after you reach the paid ‑ up eligibility date , your policy can be made paid-up . If that happens your premiums will stop but cover will continue until the death of the life assured , with a reduced sum assured that is intended to reflect the premiums you have already paid.
When can the policy be made paid-up ?
Your policy can be made paid-up any time after the paid-up eligibility date in the following circumstances:
1400 A-CFL version 1 Effective 20 March 2026
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