course of full-time tertiary education;
If you are issued a new policy for the amount of the standalone Critical Conditions Benefit being converted 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. If the death of the life assured occurs within 90 days of the date of conversion , other than by accidental death , then this conversion is void and the standalone Critical Conditions Benefit will be reinstated from the date of conversion.
the commencement of secondary school for the first time by a child of the life assured ;
taking out or increasing a home loan because the life assured has purchased a new home, a new residential investment property, a vacation home, or a bare block of land zoned as residential, or is making extensions to a residential property or residential investment property owned by the life assured ;
becoming responsible for the full-time care or payment for long term care of a close relative ;
8.
Built-in Premium Conversion Facility
receiving an annual salary increase (this special event is not available to a life assured who is self-employed); or
You may at any time prior to the life assured reaching age 65:
experiencing the death of a spouse, civil or de facto partner,
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.
you may write to AIA asking us to increase the Critical Conditions Benefit for that life assured .
What is the maximum cover that can be added?
The maximum increase for each special event cannot exceed the lower of:
AIA will not require you or the life assured to produce further medical evidence at the time of conversion.
50% of the original Critical Conditions Benefit for the life assured ; or
You will be issued a new policy for the sum assured amount of the Critical Conditions Benefit being converted, in which case:
$250,000.
The total of all increases made under this Facility cannot exceed the lower of: 100% of the original Critical Conditions Benefit for the life assured ; or
The Critical Conditions Benefit under this policy will be reduced by the sum assured amount converted;
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;
$750,000.
In the case of taking out or increasing a home loan, the individual increase cannot exceed the amount of the home loan or the increase in the home loan. In the case of an annual salary increase, the individual increase cannot exceed five times the annual salary increase. The maximum increases outlined above each apply in respect of all Critical Conditions Benefits, Progressive Care Benefits, Severe Trauma Benefits, and similar benefits for that life assured across all AIA policies . Both of the following maximum sum assured limits also apply across all AIA policies for each life assured : the total of the sum assured for all Critical Conditions Benefits, Progressive Care Benefits, Severe Trauma Benefits, and similar trauma benefits (combined), including increases under this Facility must not exceed $2,000,000; and the total of the sum assured for all trauma benefits combined must not exceed $2,000,000 and the total sum assured for all trauma and Total Permanent Disablement Benefits (and similar benefits) combined must not exceed $5,000,000.
The terms and conditions of the new policy will be those which are then offered by us to the general public;
Premiums will be calculated on the current age of the life assured ;
Any special terms, exclusions 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.
9.
Built-in Special Events Increase Facility
What is the Special Events Increase Facility?
On each occasion when one of the following circumstances occurs for a life assured on the Critical Conditions Benefit:
having a child (by birth or legal adoption);
becoming married or entering into a civil union;
becoming legally separated, divorced or the dissolution of the life assured’s civil union;
financially supporting a dependent child through a first
1105 AL-CC version 9 Effective 22 September 2026
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