• the Life Assured must be under the age of sixty (60); • if the Life Assured has had a claim paid or is entitled to be paid a claim under any policy with Us or any other insurance company, the request will be referred to an AIA New Zealand underwriter and full underwriting terms and conditions may apply; • the payment of premiums must be up to date and are not being waived for any reason. If We agree to reduce the Waiting Period , the following applies: • premiums will increase with any reduction in Waiting Period ; • only one reduction in Waiting Period under this benefit is allowed without evidence of health; • any loadings, exclusions or special terms on the cancelled policy will be applied to the reduced Waiting Period Benefit . If the Life Assured is Disabled and able to receive a Loss of Earnings Premier Benefit under this policy, and they also hold a Business Continuation Cover, Farmers Revenue Protection Cover or New to Business Cover, then the Waiting Periods applicable to the Life Assured under each policy will be served concurrently from the disablement date. If during the Waiting Period under this policy, the Life Assured should suffer a recurring disability under their Business Continuation Cover, Farmers Revenue Protection Cover or New to Business Cover policy, after returning to full-time work, the portion of their Waiting Period for their Loss of Earnings Premier Benefit under this policy will be considered to have been continuous and only the remaining period will apply. If We make future enhancements to Our Policy wordings We will pass back the enhanced benefit, feature and/or condition automatically to You . The enhanced benefit, feature and/or condition will only apply to claimable events which occur after the date We pass back the enhanced benefit, feature and/or condition to You . Any underwriting exclusion or special terms that apply to this Policy will not be altered by any enhanced benefit, feature and/or condition. This Benefit is to ensure that You are not disadvantaged as a result of the enhanced benefit, feature and/or condition. If You are inadvertently disadvantaged in anyway then the previous Policy wording will apply. On receiving notification of a new or potential claim, We will appoint the Life Assured a Case Manager, who will work with the Life Assured to understand their personal situation and assist them with the claims process. They will work with the Life Assured to consider what rehabilitation or functional support could assist the Life Assured's return to work or improve their capacity to work,
CONCURRENT WAITING PERIOD
28
GUARANTEED PASS BACK OF BENEFIT ENHANCEMENTS
29
REHABILITATION AND SUPPORT
30
PC-IP LOE Premier- 05/2026
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