DEATH BENEFIT
4
If the Life Assured dies during the term of this Policy , We will pay You, three (3) times the monthly Benefit specified in the Policy Schedule up to a maximum of $30,000. If the Life Assured is outside of New Zealand and suffers, for the first time, a Total Disability and We have accepted the claim, We will pay the lesser of: Three (3) times the monthly Benefit specified in the Policy Schedule; or A single standard economy air fare to New Zealand by the most direct route available plus any transport costs to an AIA New Zealand approved medical facility in New Zealand where necessary. A Return to Home Benefit can only be paid once in any 12 month period. In total the maximum We will pay over the life of the Policy under the Return Home Benefit is $10,000. No payment will be made if the Life Assured is covered for the same event with a travel insurance provider. If the Life Assured is Totally Disabled and confined to bed on direction of a Medical Practitioner and under the full-time care of a Registered Nurse (holding an Annual Practising Certificate issued by the Nursing Council of New Zealand) before the Waiting Period has elapsed and has been so for more than three (3) days, the Benefit payable will be a daily Benefit equivalent to 1/30 of the monthly Total Disability Benefit which will commence and will continue until the Life Assured leaves bed or until the Waiting Period has elapsed, whichever is sooner. A Rehabilitation Expense Benefit is payable of up to twelve (12) times the monthly Benefit to cover costs of purchasing specialist equipment or completing home alterations which are necessary as a result of disability. This Benefit is payable at AIA New Zealand’s sole discretion where it is deemed the Benefit will assist the Life Assured with a return to independence and the workforce. AIA New Zealand shall be entitled to arrange for an appropriately qualified health professional to assess any recommendation for specialist equipment or home alterations. This Benefit will be reduced by any costs recovered from other sources such as other insurers or the ACC. We will waive the Total Premium under this Mortgage Income and Rent Benefit for up to six (6) months at any stage between the second trimester and six (6) months after the Life Assured’s pregnancy finishes if the Life Assured becomes pregnant while this Mortgage Income and Rent Benefit is in force provided: • the Life Assured provides Us with a confirmation of pregnancy from an appropriate Medical Practitioner ; and • the birth of the child does not occur within twelve (12) months of: − the Policy Commencement Date ; or − the most recent reinstatement of this Mortgage Income and Rent Benefit ; and • the Life Assured is on maternity leave from their own occupation.
RETURN TO HOME BENEFIT
5
A
B
BED CONFINEMENT BENEFIT
6
REHABILITATION EQUIPMENT EXPENSE BENEFIT
7
PREGNANCY PREMIUM WAIVER
8
PC-MIRC- 05/2026
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