What’s included with AIA Income Protection Insurance:
Mortgage, Income or Rent Cover
Income Protection
16 to 55 years old (or 60 if in a managerial position)
16 to 55 years old (or 60 if in a managerial position)
Eligible age in years (inclusive)
Agreed Value or Indemnity or Loss of Earnings
Up to 115% of your mortgage or rent repayments on your residential property, or 45% of your gross income
Cover options
2, 4, 8, 13, 26, 52 or 104 weeks
4, 8, 13, 26, 52 or 104 weeks
Waiting periods
1, 2 or 5 years, or
2 or 5 years, or
Benefit period
to age 65 (or age 70 for selected occupations)
to age 65 (or age 70 for selected occupations)
Multi-Benefit Discount Start saving when you take out life insurance and at least one other eligible insurance product. T&C’s apply.
Save up to 15% on your premiums when you buy multiple eligible policies.
Save up to 15% on your premiums when you buy multiple eligible policies.
Can be added for $11.50 per month (16+)
Can be added for $11.50 per month (16+)
Eligibility
Receive a 10% discount in your first year, then you’re in control of the discount you receive.
Receive a 10% discount in your first year, then you’re in control of the discount you receive.
AIA Vitality Premium Discount Premium Flex rewards you with a discount on your insurance. The more engaged you are, the higher the discount. Conditions apply.
Built-in Benefits
Total Disability Income You will receive a monthly benefit payment less offsets monthly in advance from the end of the waiting period and until you are no longer totally disabled or the benefit or cover term ends. Partial Disability Income You will be paid a benefit monthly in arrears if you become partially disabled. Partial Disability Bridging If you move from a total to partial disability benefit, this pays a lump sum equal to one third of the final monthly total disability benefit to help cover costs during the transition period. Enhanced Partial Disability If you have Income Protection, when you move from being totally disabled to partially disabled you can receive a monthly top-up payment of either 25% of the Partial Disability Income Benefit (or one twelfth of the benefit amount less the PDIB, whichever is lower, for up to 12 months while on claim). Recurrent Disablement The waiting period will be waived if you become disabled again and it’s caused by the same or a related illness or injury. This is subject to AIA’s opinion after considering the advice of a registered medical practitioner and other relevant information. Rehabilitation and Support One of our dedicated case managers will work with you to understand your personal situation and will consider what assistance could aid your return to work or improve your capacity to work. Vocational Assistance This benefit is for the cost of a vocational assistance programme approved in advance by AIA if you’re unlikely to return to your pre-disability occupation.
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