Date of Conversion means the later of the effective date or the actual date from which We receive the increased premium for the Life Cover and Accelerated Trauma Cover. Accidental Death means death which is the result of external or internal bodily injury caused directly by violent external visible means, not attributable to any other event. The BuyBack Life Cover Benefit does not apply to Life Cover issued under the Stand Alone Conversion Option. This option is not available for a Life Assured under the age of Sixteen (16).
CONVERSION OPTION
20
You may at any time prior to the Life Assured reaching age sixty five (65):
A
Convert all or part of the Trauma Cover Benefit from the Premium specified in Your Policy Schedule to a Level Premium structure. The Trauma Cover Benefit under this Policy will be reduced by the amount of insurance so converted; or Convert a Level Premium Term to a further Level Premium Term, of which duration may be the same or less than current Level Premium term. We will not require You or the Life Assured to produce further medical evidence at the time of conversion. The terms and conditions of the new Policy will be those which are then offered by Us to the general public. Premiums will be calculated on the current age of the Life Assured. Any loading(s) and/or exclusion(s) that applied to Your existing Trauma Cover Benefit will apply to Your new Trauma Cover Benefit . Upon payment of a full Trauma Cover Benefit , We will pay an additional lump sum of $1,000 to the Policy Owner for the purposes of seeking financial planning and/or legal advice. Only one (1) Financial Planning and Legal Benefit payment per Life Assured will be made regardless of the number of additional Policies held with Us . Upon payment of a full Trauma Cover 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 the Life Assured and/or 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 Trauma Cover Benefit claim; • You must provide Us with a receipt for the consultation and/or counselling You are claiming. Only one (1) Counselling Benefit payment per Life Assured will be made regardless of the number of additional Policies held with Us . This is in addition to the Sum Assured.
B
FINANCIAL PLANNING AND LEGAL BENEFIT
21
COUNSELLING BENEFIT
22
BCP-TC-05/2026
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