TERMINATION
8
Unless previously terminated, this Policy shall terminate on the earliest of: A The anniversary of the Policy Commencement Date following the Life Assured attaining age sixty-four (64). B Payment of the Accidental Death Benefit . C Written notification of cancellation from You to Us at any time. D Non-payment of Total Premium as set out in Clause 7 “Period of Assurance” above. E The death of the Life Assured . If this Policy is avoided or is terminated under any of the terms and conditions of this Policy , all Total Premiums paid shall be absolutely forfeited to Us . Cover under this Policy applies twenty-four (24) hours a day, anywhere in the world. If you are overseas during the period of a claim, Benefits will be paid in New Zealand currency. This Policy is the entire contract of insurance between You and AIA New Zealand . It comprises the following parts: Your application for insurance; and • this Policy wording; and • the Policy Schedule ; and • any other written notice that AIA New Zealand gives You ; and • any written notice that You give Us . In the event of any changes in taxation after the Policy Commencement Date which affects the Benefits or Our liability, We may make such amendments or modifications to the Premium and Benefits and this Policy as We consider appropriate. This Policy does not participate in bonus distributions or acquire a cash surrender, loan or maturity value. B Where this Policy refers to an Act of Parliament, this includes any Regulations made under it. It also includes any Act or Regulations enacted in substitution. C Your life insurance Policy is part of the AIA New Zealand Statutory Fund, effective 1 st September 2013. This is a requirement under the Insurance (Prudential Supervision) Act 2010, for policyholder protection. We will pay an Accidental Death Benefit on the Life Assured where death occurs from an injury caused by violent, accidental, external and visible means within ninety (90) days after the date on which the injury happened. Death must occur before the Life Assured turns age sixty-five (65). The sole cause of death must be the accidental injury. The amount of Benefit payable on the Accidental Death of the Life Assured is shown in the Policy Schedule . Upon payment of the Accidental Death 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 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 Accidental Death Benefit claim; and
FORFEITURE OF PREMIUMS
9
WORLDWIDE COVER 10
ENTIRE CONTRACT
11
TAX CHANGES
12
GENERAL
13 A
BENEFIT PAYMENT
14
COUNSELLING BENEFIT
15
PC-ADB-05/26
Page 5 of 7
Powered by FlippingBook