AIA will pay a Childcare Support Benefit in the following circumstances: the life assured is totally disabled or partially disabled and is receiving a monthly benefit; and as a direct result of the life assured’s disability, additional childcare costs are incurred over and above any childcare arrangements which existed prior to the life assured becoming totally disabled or partially disabled , in respect of any dependent child who is under the age of 14 years old; and the additional childcare services are not being provided by you or an immediate family member, in AIA’s sole opinion. The amount AIA will reimburse under the Childcare Support Benefit is the lesser of:
Income Protection with a $2,500 per month benefit and a 52 week waiting period ; and Business Continuity with a $1,000 per month benefit with a 13 week waiting period . When Business Continuity is cancelled the Income Protection Benefit waiting period would be reduced to a: 13 week waiting period with a $1,000 per month benefit; and
52 week waiting period with a $1,500 per month benefit.
The following conditions apply:
Within 60 days of the cancellation of cover the life assured must notify AIA in writing with supporting evidence that the life assured is no longer actively engaged in the business or the business has been sold or the business is no longer actively trading; the life assured must be no longer actively engaged in the business due to reasons other than retirement, redundancy, ill health or incapacity;
the actual additional childcare costs; or
$800 per month per dependent child under 14 years old.
This Childcare Support Benefit is payable until the earlier of:
the life assured no longer being totally disabled or partially disabled ; or six monthly Childcare Support Benefit payments have been made; or
the life assured must be under the age of 60;
if the life assured has had a claim paid or is entitled to be paid a claim under any policy with us or any other insurance company the request will be referred to an AIA underwriter and full underwriting terms and conditions may apply; the payment of premiums must be up to date and are not being waived for any reason. If AIA agrees to reduce the waiting period , the following applies: premiums will increase with any reduction in waiting period ; only one reduction in waiting period under this benefit is allowed without evidence of health; any loadings, exclusions or special terms on the cancelled policy will be applied to the reduced waiting period benefit. 23. What is the Concurrent Waiting Period Benefit? If the life assured is disabled and able to receive an Income Protection Benefit under this policy, and they also hold a Business Overheads, Business Continuity, Rural Continuity or Locum Cover policy, then the waiting periods applicable to the life assured under each policy will be served concurrently from the disablement date . If during the waiting period under this policy, the life assured is able to claim the Recurrent Disablement Benefit under a Business Overheads, Business Continuity, Rural Continuity or Locum Cover policy, the portion of their waiting period for their Income Protection under this policy will be considered to have been continuous and only the remaining period will apply.
the end of the benefit payment period is reached; or
the end of the benefit term is reached.
You will need to provide evidence satisfactory to AIA each month of the additional childcare fees that have been paid before AIA will make a payment under the Childcare Support Benefit.
This payment is in addition to the monthly benefit.
22. What is the Waiting Period Reduction Benefit? If this Income Protection Benefit has a waiting period of 26, 52 or 104 weeks the life assured can reduce this waiting period , without providing any further medical evidence, if the life assured’s Business Overheads, Business Continuity, Rural Continuity or Locum Cover is cancelled due to: the life assured no longer being actively engaged in the business,
the business being sold; or
the business no longer actively trading .
The waiting period for this Income Protection Benefit will reduce to align with the waiting period on the cancelled Benefit. The reduced waiting period on this Income Protection will apply to the lesser of: the monthly benefit for the Business Overheads, Business Continuity, Rural Continuity or Locum Cover at the time it was cancelled; or
the monthly benefit for this Income Protection Benefit.
For example:
A life assured has the following:
24. What is the Optional Mental Health
1108 AL-IP version 5 Effective 12 May 2026
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