this conversion is void and the standalone Critical Conditions Benefit will be reinstated from the date of conversion.
10. Built-in Counselling Benefit
The Counselling Benefit covers the cost of a Psychiatrist or Psychologist consultation and/or counselling for the life assured and/or a close relative of the life assured where the support treatments and/or consultations directly relate to a claim under the Critical Conditions Benefit. After referral by an appropriate specialist we will reimburse up to $2,500 including GST (in total) per life assured , subject to the following conditions: The consultation and/or counselling must be paid for within 12 months following AIA paying the Critical Conditions Benefit claim; and
8. Built-in Premium Conversion Facility
You may at any time prior to the life assured reaching age sixty five (65):
Convert all or part of your Critical Conditions Benefit from the premium type shown in the schedule to a Level premium structure; or Convert a Level premium structure to an alternate Level premium structure, of which term duration may be the same or less than current Level premium structure.
AIA must be provided with a receipt for the consultation and/or counselling being claimed.
AIA will not require you or the life assured to produce further medical evidence at the time of conversion.
The $2,500 is payable once per life assured per policy. This is in addition to the sum assured.
You will be issued a new policy for the sum assured amount of the Critical Conditions Benefit being converted, in which case:
11. Built-in Parents Grieving Benefit
The Critical Conditions Benefit under this policy will be reduced by the sum assured amount converted;
When is a Parents Grieving Benefit payable?
AIA will pay a Parents Grieving Benefit if:
The new policy will be issued based on the information provided at the time of conversion, together with the information provided in the original proposal; The terms and conditions of the new policy will be those which are then offered by us to the general public;
a child of a life assured dies prior to birth but after at least 24 weeks gestation; or
a child of a life assured dies.
AIA will not make any payment if the death occurs within 12 months of the risk commencement date except where it is an accidental death.
Premiums will be calculated on the current age of the life assured ;
This Parents Grieving Benefit ceases on the child’s 21 st birthday.
Any special terms, exclusion or premium loadings that applied to your existing Critical Conditions Benefit under this policy will apply to your new Critical Conditions Benefit under the new policy.
How much will AIA pay for the Parents Grieving Benefit?
The Benefit payable:
if the child is under 10 years of age AIA will pay a maximum of one claim of $2,000 per child under the Parents Grieving Benefit across all AIA policies ; or if the child is 10 years of age or over AIA will pay a maximum of one claim of $15,000 per child across all AIA policies for a life assured . Payment of the Parents Grieving Benefit will not reduce the sum assured of the Critical Conditions Benefit for the life assured .
9. Built-in Return Home Benefit
We will pay a Return Home Benefit if the life assured is outside of New Zealand and suffers, for the first time, a covered condition . The Return Home Benefit will reimburse the cost of a standard economy flight back to New Zealand for the life assured and one support person. You will need to provide evidence of the transport costs satisfactory to us before a claim under the Return Home Benefit will be paid. In total the maximum we will pay over the life of the policy under the Return Home Benefit is $10,000. A Return Home Benefit is paid in addition to the Critical Conditions Benefit. No payment will be made if the life assured is covered for the same event with a travel insurance provider.
12. Optional Early Cancer Upgrade Benefit
The Optional Early Cancer Upgrade Benefit applies only if shown in the schedule .
AIA will pay an Optional Early Cancer Upgrade Benefit (subject to the provisions of this policy) if the life assured suffers for the first time one of the cancer conditions listed below, after the date cover commences under the Optional Early Cancer Upgrade Benefit.
AIA will not pay an Optional Early Cancer Upgrade Benefit if the life assured suffers the cancer condition or has any
1155 ALB-CC version 8 Effective 12 May 2026
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