> The waiting period will be waived for the new claim. > The original claim and the new claim will be considered to be the same claim in respect of the benefit payment period . > No monthly benefit payments will be payable retrospectively for any period of time before the date that the life assured subsequently complies with the relevant requirement(s). 14. Exclusions – When AIA won’t pay a benefit AIA will not pay a benefit where any of the following directly or indirectly cause or contribute to the total disability : > The life assured deliberately injures himself or herself or attempts to do so. > The life assured engages in or is part of any conduct that is criminal. > The life assured does not comply with the treatment recommended by the attending treatment providers. > Pregnancy of, or childbirth by, the life assured , unless the disability lasts for more than 90 days after the end of pregnancy, in which case the waiting period will start from the 91 st day. If the life assured is imprisoned or sentenced to home detention for any reason, no monthly benefit will be payable during the term of imprisonment or home detention. 15. When can your policy be cancelled? Policy termination This policy will terminate and eligibility for the AIA Start-Up Income Protection Benefit will cease for the life assured : > At the expiry of the policy term for the life assured as shown in the schedule . > When the life assured dies. > If the life assured is no longer actively involved in the business for more than 60 days for reasons other than total disablement , unless AIA has been notified in writing and its written consent has been given for the continuation of the policy. > If the life assured sells his or her ownership interest in the business . However, if the life assured remains in the business as a key employee, you may apply to AIA in writing to continue the benefit. If the life assured is on claim and the reason for selling his or her ownership interest is due to the total disability of the life assured , the policy will remain in force until the life assured ceases to be totally disabled or the end of the benefit payment period, whichever is earlier.
> If the business is wound-up or liquidated, unless AIA has been notified in writing and its written consent has been given for the continuation of the policy. However, if the life assured is on claim and the reason for the business being wound-up or liquidated is due to the total disability of the life assured , the policy will remain in force until the life assured ceases to be totally disabled or the end of the benefit payment period, whichever is earlier. > When the policy is cancelled by the policy owner . When can you cancel your policy? If for any reason you are not happy with this policy, you may return it to us within 15 days from the date your policy document is received. You will be deemed to have received your policy document five days after postage from AIA . AIA will promptly refund any premiums paid under your policy provided no benefit has been paid or any claim has been made. Alternatively, changes to your policy may be made and a replacement policy document issued. You can cancel your policy at any time by giving AIA notice in writing. If you pay your premium less frequently than monthly, we will refund any part of a premium already paid that relates to any period more than one month beyond the date of cancellation. Otherwise, AIA does not have to refund any part of the premium you have paid. You will remain liable to pay any premium due on the policy before AIA received the cancellation notice. You will not be entitled to any benefit under the policy from (and including) the date AIA receives notice of cancellation of the policy. 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 . 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
1180 A-SU IP version 3 Effective 23 July 2021
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