J
DEATH OF SPOUSE OR PARTNER Death of spouse or partner of the Life Assured , as defined in the Property (Relationships) Act 1976 . A copy of the death certificate for the Life Assured’s spouse or partner must be provided to Us . We will pay You a Funeral Benefit of $15,000 if the Life Assured dies during the term of this Policy and no Total and Permanent Disability Benefit is payable. Payment shall not be made if the death was a result of suicide whether the Life Assured was sane or insane, within thirteen (13) months from the Policy Commencement Date or date of the last reinstatement or increase (other than Consumer Price Index Increases ) of this Policy . A Funeral Benefit shall not be made if the Policy Schedule shows that you have selected an Accelerated Benefit . Upon receiving written notification acceptable to Us an additional Assistance Benefit of $7,500 may be payable to cover costs of purchasing specialist equipment or completing home alterations which are necessary as a result of a Total and Permanent Disability Benefit being payable. AIA New Zealand shall be entitled to arrange for an appropriately qualified health professional to assess any recommendation for specialist equipment or home alteration. 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 not be 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. 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:
FUNERAL BENEFIT 12
13
ASSISTANCE BENEFIT
GUARANTEED PASS BACK OF BENEFIT ENHANCEMENTS
14
15
SUSPENSION OF PREMIUM BENEFIT
• 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.
PC-TPD-05/2026
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