For example:
If you have chosen the Premier Cover Option then the life assured’s sick leave payments are not included in offsets.
Pre-disability income
$5,000 per month
7.
What is the Partial Disability Bridging Benefit and when will AIA pay it?
Post-disability income
$1,500 per month
Benefit amount shown in the schedule
$33,000 per annum
AIA will pay you a Partial Disability Bridging Benefit if:
> you have been receiving a Total Disability Income Benefit under this appendix ; and
1/12 th of the benefit amount shown in the schedule
$2,750 per month
> the life assured is no longer totally disabled ; and
Offsets ( ACC entitlements for the same disability)
$1,000 per month
> based on the information provided to, and requested by AIA , we reasonably expect that a Partial Disability Income Benefit (as set out in Section 4) will be payable for that life assured for the first month after the life assured ceased to be totally disabled. The Partial Disability Bridging Benefit is a lump-sum payment equivalent to 1/3 rd (33.3%) of the final monthly Total Disability Income Benefit paid before the life assured ceased to be totally disabled. The Partial Disability Bridging Benefit is paid at the end of the final month in respect of which a Total Disability Income Benefit was paid for the life assured . Payment of the Partial Disability Bridging Benefit does not affect the amount of the Partial Disability Income Benefit (as set out in Section 6) and does not affect the amount of the Enhanced Partial Disability Income Benefit (as set out in Section 8). The Partial Disability Bridging Benefit is payable once for all claims resulting from the same or a related injury or illness. The Partial Disability Bridging Benefit is not payable where a lump-sum payment has been made in lieu of monthly benefit payments, as set out in Section 1. 8. What is the Enhanced Partial Disability Income Benefit and when will AIA pay it? AIA will pay you an Enhanced Partial Disability Income Benefit if: > you have been receiving a Total Disability Income Benefit under this appendix ; and
Calculation:
= $2,750 x ($5,000 – $1,500) less offsets ($5,000)
= ($2,750 x 0.7) – $1,000
= $925 per month ($11,100 per annum)
Offsets applicable for either calculation (A) or calculation (B):
> Any other income replacement or mortgage protection benefits that any person receives or is entitled to receive from any sources in relation to the life assured and in respect of the same or a related disability (for example payments from ACC or another insurer), other than Work and Income New Zealand (WINZ) payments, with the following provisions:
Where the life assured is covered by income replacement or mortgage protection benefits held with more than one provider, AIA will negotiate with the other provider(s) to determine the amount to be offset. AIA will not seek to apply offsets under this sub-clause in respect of income replacement or mortgage protection benefits held with other providers which were accurately disclosed in your application, provided that there has been no change in the circumstances for you or the life assured .
−
Benefits payable under an AIA Key Person Disability Income policy will not be offset.
−
− If the life assured is entitled to receive a benefit from ACC but is not receiving that benefit because the life assured has either not applied for the benefit, or has not provided all of the requirements necessary to assess the benefit, or the benefit has been stopped due to any non-compliance with ACC requirements, AIA will offset the full ACC entitlement regardless of whether the life assured is receiving a payment or not. − Where the life assured receives or is entitled to receive a benefit from ACC, AIA will offset the net entitlement amount. > The life assured’s sick leave payments, subject to a maximum of 10 days’ sick leave payments for all claims resulting from the same or a related disability. The Partial Disability Income Benefit will be recalculated as the life assured’s post-disability income changes.
> the life assured is no longer totally disabled ; and
> you are entitled to a Partial Disability Income Benefit as set out in Section 4 for that life assured . The Enhanced Partial Disability Income Benefit is the lower of: > 25% of the monthly Partial Disability Income Benefit as calculated in Section 6; or > 1/12 th of the benefit amount shown in the schedule less the monthly Partial Disability Income Benefit as calculated in Section 6. This benefit is paid monthly in arrears for a maximum period of 12 months per claim. AIA will cease paying this benefit if you are no longer entitled to a Partial Disability Income Benefit for the life assured .
1108 AL-IP version 5 Effective 12 May 2026
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