32. Key terms
service approved by AIA whose profession it is to provide nursing services or provided by a registered medical practitioner . Any income that the life assured receives or is entitled to receive from his or her current or former employment or business/es. This includes:
Working an average of more than 30 hours per week in the six months prior to cancellation of Business Overheads, Business Continuity, Rural Continuity or Locum Cover. Undertaking any activity carried on for the production of income from selling goods or performing services.
actively engaged
Income
actively trading
a)
Life assured’s share of profits of the business (and/or any associated
Activities of Daily Living
Activities of Daily Living are:
entities), after the deduction of business expenses, which are determined in line with the usual manner that profits and/or losses of the business (and/or associated entities) are divided between the life assured and any co- owners, partners, shareholders or beneficiaries of the business (and/or associated entities); and b) Any other remuneration, whether in the form of salary or wages, superannuation, director’s fees, allowances or any other monetary or nonmonetary benefit, the life assured receives or is entitled to receive directly or indirectly from his or her employment or the business. The current year’s taxation liability excludes any tax losses which have been brought forward from previous years. For the purposes of this definition, the life assured is deemed to be in business rather than employment if he or she derives income (either realised or unrealised) from a company or other legal entity, and he or she has effective control, either directly or indirectly (e.g. through a trust, partnership or other legal structure) of more than 25% of the shares or ownership in that company or other legal entity. His or her income will be assessed in accordance with the amounts referred to in both (a) and (b) above.
> Bathing and showering.
> Dressing and undressing.
> Eating and drinking.
> Using a toilet.
> Moving from place to place by walking, in a wheelchair or with a walking aid.
benefit term
The term for which the life assured is insured for the Income Protection Benefit as stated in the schedule . The maximum term for which the Income Protection Benefit is payable as stated in the schedule . For benefit payment periods of one, two or five years: a) the benefit payment period commences at the end of the waiting period and ceases either one year, two years or five years (whichever is stated in the schedule ) later or when the life assured turns age 65, whichever is earlier; and b) the one year, two year or five year period (whichever is stated in the schedule ) is the total period for which
benefit payment period
benefits will be payable for all claims arising from the same or a related illness or injury.
disablement date
The date the life assured became totally disabled or partially disabled .
mental health disorder
A mental health disorder including but not limited to anxiety disorders, chronic fatigue
full-time care
Care for 16 hours per day or more, provided by a nursing
1108 AL-IP version 5 Effective 12 May 2026
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