Built-in Benefits with AIA Living Trauma Insurance
Return home Provides up to $10,000 to cover the cost for you and a support person to return to New Zealand if you’re diagnosed with a defined medical condition for the first time while overseas. Medical advancements provision At claim time we’ll consider the latest recognised diagnostic techniques and investigations used to assess your covered medical conditions. Financial and legal advice Provides up to $2,500 to help you access advice from an approved financial adviser or legal professional. Standalone conversion facility You may convert your standalone trauma insurance to accelerated with an equal amount of Life Cover without any further medical evidence. Premium conversion facility Before reaching the age of 65 years, you have the option to convert all or part of your sum assured to a level premium structure without any further medical underwriting. Future insurability You can apply to increase your Trauma sum assured at every third policy anniversary without providing any further medical information. Limits and conditions apply and every increase in cover will result in an increase in premium. Counselling Access up to $2,500 of financial support to cover the cost of a Psychiatrist or Psychologist consultation and counselling for you and/or your family where the treatment directly relates to a claim. Children’s trauma Provides cover for your children from three months old up to their 21st birthday. The benefit is the lower of $50,000 or 50% of your sum assured. Parents grieving Offers financial support if your child passes away - $2,000 for children aged under 10, and $15,000 for those aged 10–21.
Worldwide cover Whether you’re at home, travelling or living overseas for any period, you remain insured. Suspension of cover AIA provides the flexibility to suspend your cover for up to 12 months, if you meet the conditions outlined in the policy wording. No benefits will be payable for any claim event which occurs during this suspension period. Enhancement pass back At claim time, we’ll compare your purchased product’s policy wording with the latest version of that product’s policy wording and apply the most favourable option for your claim. For more information visit aia.co.nz/passbacks Children’s trauma conversion facility When your child turns 21, the Built-in Children’s Trauma Benefit and/or Optional Children’s and Maternity Benefit (where applicable), can be converted to an adult trauma insurance policy. This can be done on a standalone basis or accelerated with the same amount of Life Cover, without any further medical evidence required, provided there is no increase in cover. Special events increase facility You can increase the sum assured without further medical underwriting following one of the significant events mentioned in the policy.
Newborn children
Financial support if your child is born with one of eight specific congenital conditions and survives 30 days. The lower of $50,000 or 50% of the sum assured. Not available with Severe Trauma.
This is a summary only. For all terms, conditions, limits and exclusions, please refer to the relevant policy wordings which can be found on aia.co.nz or speak to your Adviser.
Trauma Insurance
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