(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. A mental health disorder including but not limited to anxiety disorders, chronic fatigue syndrome, depression, stress, fatigue, exhaustion, psychiatric complications of physical disorders, behavioural or any other mental or functional nervous disorder and/or the treatment or complications of that disorder.
disability (if the life assured can perform the activity on his or her own by using special equipment, then AIA will treat the life assured as being able to perform that activity). Alternatively, the life assured is unlikely to ever be able to perform again, at least one of the Activities of Daily Living which, together with a reduction in the life assured’s intellectual capacity, means that the life assured will likely always require full-time care .
An individual, employer, company, partnership, association, organisation or trust.
person
post-disability income
The last month’s income .
pre-disability income
The average monthly income during a continuous 12 month period chosen by the life assured from the 36 months immediately before the disablement date .
However, if the life assured becomes totally disabled or
partially disabled when the life assured has been on parental leave for 12 months or less or on a work sabbatical , then the pre- disability income is the average monthly income during a continuous 12 month period chosen by the life assured from the 36 months immediately before the life assured went on leave.
mental health disorder
totally disabled
See Section 3 of this appendix for the meaning of this key term.
Total disablement has a corresponding meaning.
unemployed
A person who is not engaged in remunerated work or business activities, for 10 hours or more a week. This definition does not include a person on leave without pay, parental, study, long service or sabbatical leave. The period stated as such in the schedule for which no Total or Partial Disability Income Benefit is payable.
partially disabled
See Section 5 of this appendix for the meaning of this key term.
permanently disabled
In the opinion of AIA , the life assured cannot and is unlikely to ever be able to perform again, at least two of the five Activities of Daily Living without assistance from another person because of the effects of an illness or injury which caused the life assured’s
waiting period
work sabbatical
Voluntary leave without pay, approved by the employer, and
1115 AL-IND version 5 Effective 12 May 2026
Page 11 of 12
Powered by FlippingBook