From (and including) the date AIA receives notice of cancellation of your policy, you will not be entitled to any benefits under the policy, unless otherwise agreed in writing by AIA . From (and including) the date AIA receives notice of cancellation of any individual benefits, you will not be entitled to any of the cancelled benefits under the policy, unless otherwise agreed in writing by AIA .
subject to the Insurance Law Reform Act 1977, avoid your entire policy from its inception (this means the policy is deemed to have never existed); or avoid from its inception any individual benefits provided by your policy (this means the individual benefit(s) are deemed to have never existed); or alter the terms upon which cover is provided under your policy (such alteration of terms will be effective from the risk commencement date or such date of our choosing, at our discretion); or remove from cover any life assured from inception but leave the policy in force for the remaining lives assured . If this policy is avoided or any terms altered or a life assured is removed from cover, we may retain all premiums paid in relation to the policy or that life assured .
When can AIA cancel your policy?
AIA can cancel this policy if the premium has not been paid within 31 days of the premium due date . If AIA issues you this policy with the understanding that it is to replace a policy you already have, then you must cancel your existing policy. If you fail to cancel your existing policy, AIA can cancel this policy or decline liability for any claims made under this policy. A Replacement Policy Advice form (or equivalent), application form, illustration or quote which indicates this policy is intended to replace an existing policy will be sufficient evidence that your policy was issued on the basis that you would cancel the existing policy. AIA can cancel this policy and decline liability for any claims made under this policy if you or any life assured , or anyone acting on your or any life assured’s behalf, makes a claim under this policy that is false or fraudulent in any respect. In the event that a false or fraudulent claim is established after payment of a claim, all amounts paid in relation to the false or fraudulent claim must be repaid by you to AIA .
7.
Important information
What forms part of this policy contract?
All the terms of this policy are contained in and based on:
This policy document including the schedule and any alterations made as permitted under the policy.
The relevant benefit appendix .
Any application forms and declarations made by you and any life assured , at any time, concerning this policy. All statements which anybody who is insured under this policy has made to AIA . Any provisions which any legislation states must be included in this contract, unless those provisions can be contracted out of, in which case they are not included.
Cancellation due to Sanctions
We shall not provide cover for any risk and/or activity and shall not be liable to pay any claim or pay any benefit hereunder to the extent that the provision of such cover, payment of such claim or provision of such benefit would be in respect of a person who is the subject of any sanction, prohibition or restriction under United Nations resolutions or trade or economic sanctions, laws or regulations of New Zealand, the European Union, United Kingdom or United States of America, or any of its states and/or any other applicable economic or trade sanction laws or regulations. This provision applies without limitation not only to the policy owner or holder, but to the life assured and any assignee, other third party, related party or beneficiary of the policy. Should we determine that the above is applicable, we may at our sole discretion terminate the policy with immediate effect.
Nothing else forms part of this contract.
Law changes affecting AIA or the policy
If changes in the law occur after the risk commencement date and AIA believes on reasonable grounds that those changes will affect:
AIA’s liability to pay any tax; or
The tax treatment of any premiums payable or claims receivable in respect of the policy (such as GST); or The way in which the policy works or the amount which can be paid under benefits; then AIA can change the provisions of the policy or the benefits, but only to take into account the effect of the law change.
Non-disclosure or the provision of false or misleading information
Statutory Fund
Your insurance policy is part of the Statutory Fund Number 1.
Any information you or any life assured gives us, and any information given to us on your behalf, must be complete, true and correct.
Policy subject to laws of New Zealand
If you or any life assured :
The laws of New Zealand govern this policy, which has been issued in New Zealand.
fails to disclose material information to AIA prior to inception of this policy or any variation or reinstatement of this policy; or has made a substantially incorrect statement on the faith of which the policy was issued, renewed, varied or reinstated;
Notices
When you write to AIA about this policy, you must send the letter to AIA’s head office in New Zealand or a substitute address AIA gives you.
AIA may, at its complete discretion either:
1100 AL-UMB version 8 Effective 12 May 2026
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