a.
AIA New Zealand must give the Life Assured written notice of any proposed suspension not less than thirty (30) days before the proposed suspension date. AIA New Zealand may decline to provide any Benefit for as long as the Life Assured unreasonably fails to comply with any requirement of the terms and conditions relating to the Life Assured's claim or fails to meet their responsibilities outlined above.
b.
We also have the right to recover overpayments from You , if these responsibilities are not met.
FORFEITURE OF PREMIUMS
8
If this Policy becomes void or is terminated under any of these conditions all Total Premiums paid shall be absolutely forfeited to Us . Unless previously terminated, this Policy and any ongoing claims shall terminate on the earliest of: The anniversary of the Policy Commencement Date following the Life Assured attaining the age of sixty-five (65) regardless of whether a claim is being paid. Written notification of cancellation from You to Us at any time.
TERMINATION
9
A
B C D
The death of the Life Assured .
Non-payment of Total Premium as set out in Clause 6 “Period of Assurance” above.
WORLDWIDE COVER
10
Cover under this Policy applies twenty-four (24) hours a day, anywhere in the world. If You are overseas during the period of a claim, Benefits will be paid in New Zealand currency. This Policy is the entire contract of insurance between You and AIA New Zealand . It comprises the following parts: Your application for insurance; and this Policy wording; and the Policy Schedule ; and any other written notice that AIA New Zealand gives You ; and any written notice that You give Us . In the event of any changes in taxation after the Policy Commencement Date which affects the Benefits or Our liability, We may make such amendments or modifications to the Premium and Benefits and this Policy as We consider appropriate. If there is more than one (1) Life Assured shown in the Policy Schedule , We will pay the Vital Income Protection Benefits for each Life Assured . The amount of the Benefit payable for a Total Disability due to Critical Illness will be the Benefi t payable for that person under this Policy . This Policy will end when all Assured Lives have suffered a Total Disability due to Critical Illness and to the extent a Vital Income Protection Benefit is payable in respect to each of them, that Benefit has been paid.
ENTIRE CONTRACT 11
TAX CHANGES
12
VITAL INCOME PROTECTION
13
BENEFIT WHERE MORE THAN ONE (1) LIFE ASSURED
PC-VIP-05/2019
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