SECTION C - TOTAL AND PERMANENT DISABILITY BENEFITS
1
If the Life Assured suffers a Total and Permanent Disability (as defined below in Section D “Total and Permanent Disability Benefit Definitions”) while this Policy is in force, We will pay You the Total and Permanent Disability Benefit shown on the Policy Schedule provided: A The Total and Permanent Disability Benefit Total Premium has been paid. B The Benefit waiting period shown on the Policy Schedule has elapsed. If the Policy Schedule shows You have selected a one (1) or five (5) year Benefit waiting period and if the Life Assured suffers a Total and Permanent Disability (as defined below in Section D “Total and Permanent Disability Benefit Definitions”) while this Policy is in force, We will pay You the Total and Permanent Disability Benefit shown on the Policy Schedule as set out below: 1 . 10% of the Sum Assured or a maximum amount of $10,000 (whichever is the lesser). The Sum Assured will then decrease by the amount paid. 2 . The remaining Sum Assured will be paid after the nominated deferrable benefit option wait period, as shown in the Policy Schedule , if the Life Assured continues to suffer a Total and Permanent Disability (as defined below in Section D “Total and Permanent
BENEFIT
Disability Benefit Definitions”) while this Policy is in force provided the Total and Permanent Disability Benefit Total Premium has been paid.
PREMIUM
2
The annual Total Premium (or instalment) is payable for the entire duration of the Benefit .
If the Policy Schedule shows You have selected a Level Premium option for the first three (3) years from the Policy Commencement Date , We will guarantee not to increase Your Premium Rates . After the three (3) year Premium Guarantee Period ends, Your Policy may be subject to any increase in AIA New Zealand’s underlying Premium Rates . At the end of the selected Level Premium period the Premium will be recalculated based on the age of the Life Assured . Subsequent Level Premiums will be recalculated at each Policy Anniversary Date based on the age of the Life Assured .
Or
If the Policy Schedul e shows that you have selected a one (1) Year Premium Step option, Your Total and Permanent Disability Benefit Premium specified in the Policy Schedule will be recalculated at the expiration of the initial and subsequent Premium Guarantee Periods , based on the age next birthday of the Life Assured .
PC-TPD-05/2026
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