PREMIUM
3
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 Schedule shows that you have selected a one (1) Year Premium Step option, Your Trauma Cover 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 of the Life Assured on their next birthday. If the Policy Schedule shows You have selected the Inflation Adjusted Benefit option, the Trauma Cover Benefit will increase on each anniversary of the Policy Commencement Date by an amount equal to the Consumer Price Index Increase for the year ended 30 September for which figures are available at the date the Sum Assured is to be increased. You may decline any Consumer Price Index Increase . This option expires upon termination of the Policy in accordance with Clause 7 “Termination”, Section B. If the Policy Schedule shows that You have selected the Level Benefit option, the Trauma Cover Benefit will remain at the amount specified on the Policy Schedule . If the Policy Schedule shows that You have selected the Level Indexed Benefit option, the Trauma Cover Benefit will increase on each anniversary of the Policy Commencement Date by the percentage amount shown on the Policy Schedule . This option expires upon termination of the Policy in accordance with Clause 7 “Termination”, Section B. This Benefit will expire on the Policy Anniversary Date after the Life Assured reaches seventy (70) years old. If the Policy Schedule shows that You have selected the Woman’s Additional Cancer Benefit option a Woman’s Additional Cancer Benefit may be paid to You in respect of the Life Assured . Such a Benefit will be limited to 25% of the Sum Assured or $75,000 whichever is the lesser. Payment of this Benefit will result in an equal reduction in the Trauma Cover Benefit under this Policy . This Benefit provides cover for carcinoma-in-situ of the cervix, vagina,
INFLATION ADJUSTED BENEFIT OPTION
4
LEVEL BENEFIT OPTION
5
LEVEL INDEXED BENEFIT OPTION
6
OPTIONAL WOMAN’S ADDITIONAL CANCER BENEFIT
7
BCP-TC-05/2026
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