SUSPENSION OF PREMIUM BENEFIT
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You can apply for a Suspension of Premium Benefit for a period of up to twelve (12) months. The request must be made in writing by You to Us and accepted by Us . At the end of Your requested suspension period, cover will recommence and Premium payments must resume. Valid reasons for the Suspension of Premium Benefit are listed below: • Employer approved leave without pay; • Overseas travel; • Employer approved parental leave; • Tertiary Education; • Unemployment or Redundancy; • Reduction in pay of at least 20% (comparing the most recent payslip against a previous payslip from the same year); • If self-employed, reduction in revenue of at least 30% (by comparing one month’s revenue against the same month for the previous year); or • Any other event We agree to, at Our sole discretion. Whilst this Benefit is in force, no claim is payable by Us to You under this Policy . When Premium payments resume, no claim will be considered in respect of any claim event that first meets the criteria for an eligible claim during the period of Premium suspension. Whilst this Benefit is in force, We will automatically provide you with complimentary Accidental Death Cover of up to $100,000 or the Sum Assured of Your existing Life Cover Benefit (whichever is the lesser). If You have more than one Life Cover Benefit with Us, the Accidental Death Benefit will be paid only once and We will use the highest Sum Assured when calculating the Accidental Death Benefit . Upon payment of the Life Cover Benefit or Terminal Illness Benefit , and after referral by a Registered Medical Specialist , We will reimburse up to $2,500 to cover the cost of a Psychiatrist or Psychologist consultation and/or counselling for the Life Assured and/or a Close Relative of the Life Assured where the support treatments and/or consultations directly relate to the claim, subject to the following conditions: • You must pay for the consultation and/or counselling within twelve (12) months following AIA New Zealand paying the Life Cover Benefit claim; • You must provide Us with a receipt for the consultation and/or counselling You are claiming. Only one (1) Counselling Benefit payment per Life Assured will be made regardless of the number of additional Policies held with Us . This is in addition to the Sum Assured . On occurrence of a Special Event (as listed earlier in Special Events Increase), the Life Assured can choose to add any one of the following: • An accelerated Trauma Cover Benefit ; or • An accelerated “any occupation” Total and Permanent Disability Benefit with an expiry age of sixty-five (65);
COUNSELLING BENEFIT
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SPECIAL EVENTS TPD/TRAUMA FACILITY
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PC-LC-05/2026
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