AIA Cover for Life Insurance benefits ^
Cover for Life
Minimum: 16 years Maximum: 70 (individual consideration after age 70)
Eligible age in years (inclusive)
Cover amount
Unlimited
Cover expiry
No Expiry
Eligible to be added for $11.50 per month (16+) but not eligible to receive the AIA Vitality premium discount.
Eligibility
Built-in Benefits
Premiums stay level for the payment term you choose when you take out cover, so it won’t increase each year or as you age. It may change if you alter your policy or if relevant taxation or laws change. Lump sum payment on your death. Cover continues even after premiums stop: If premiums are paid until the premium payment term, full sum assured is paid. If premiums have stopped any time after paying 50% of the payment term, a reduced sum assured is paid. Option to pay until age 65, 70 or 80. Premiums stop being charged at the anniversary date following the selected age, with policy remaining in force. Must be a minimum of 10 years from start age. Once you’ve paid for at least 50% of your payment term, you can choose to stop paying premiums. Your policy won’t end. Instead, it becomes paid‑up, and continues with a lower cover amount.
Guaranteed level premiums
Guaranteed payout on death
Choice of payment term
Paid-up option with reduced cover
Receive an upfront payment to help with immediate expenses like funeral costs. Conditions apply.
Bereavement support
Financial support up to $20,000 to assist with costs associated with returning your body back to New Zealand or to your home country (the country you were born in, or were a permanent resident of). Enables you to increase the sum assured under your cover, without further medical underwriting following specified significant events in your life which result in increased financial responsibilities. Each special events increase will be issued on a new policy and will require an additional premium until the same age selected for the original cover. Remain covered wherever you are. Whether you’re at home, traveling or living overseas for any period, you remain insured.
Repatriation
Special events increase facility
Worldwide cover
^ The information available in this publication is designed to provide a general overview only of AIA Cover for Life and does not replace policy wording. Your cover will be based on the information you give us when you apply or change your policy. If important information is missing or incorrect, AIA may need to change your cover or cancel the policy under New Zealand law. For all terms, conditions, limits and exclusions, please refer to the relevant policy wordings which can be found on aia.co.nz or speak to your adviser.
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