You must notify Us in writing when the Total Premium is to be waived. This Waiver will cease when a total of six (6) months Total Premium , including any Total Premiums waived during an earlier pregnancy, have been waived. 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 will be better off 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. If the Policy Schedule shows that You have selected the Back to Work Benefit option, We will pay a Back to Work Benefit where the Life Assured has been Totally Disabled for more than twelve (12) continuous months, has received an Occupational Retraining Benefit and then immediately returns to full time work. The Back to Work Benefit is payable as follows: After three (3) consecutive months of full time work We will pay an amount equal to one (1) times the monthly Benefit; and After six (6) consecutive months of full time work We will pay an amount equal to two (2) times the monthly Benefit . The Life Assured will need to provide evidence satisfactory to Us that they have been back at full time work for the timeframes specified above. You may request Us to increase the Mortgage Income and Rent Benefit without further medical evidence subject to the following: You must request the increase within six (6) months of taking out a new mortgage or increasing an existing mortgage or an increase in residential rental payment; and You will need to provide evidence satisfactory to Us of the new mortgage or increase in the existing mortgage or increase in residential rental payment; and The maximum increase under this Benefit is 50% of the initial Benefit with any one individual increase being limited to the lesser of 115% of the increase in the mortgage repayment or residential rental payment in excess of the Benefit or $300 per month whichever is the lesser; and The Premium increase will be calculated based on the Life Assureds age, occupation and Premium rate at the time of the increase. The Future Insurability Benefit is not available if the Life Assured: a) Has been accepted under the Mortgage, Income and Rent Cover with any Premium loadings; or b) Is in the process of claiming or eligible to claim or has claimed any benefit under any Policy held with AIA New Zealand ; or c) Is fifty five (55) years of age or over.
GUARANTEED PASS BACK OF BENEFIT ENHANCEMENTS
9
BACK TO WORK BENEFIT OPTION
10
A
B
FUTURE INSURABILITY BENEFIT
11
A
B
C
D
SPECIFIC INJURY BENEFIT OPTION
12
PC-MIRC- 05/2026
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