The Life Cover will not be eligible for the Inflation Adjusted Benefit option, Business Increase option or the Level Indexed Benefit Option. The option must be exercised within sixty (60) days of the anniversary of the payment of the Total and Permanent Disability claim, failing which, the option to effect such covers on that anniversary shall lapse. In order to exercise this option, the Policy Owner(s) must make the request in writing to Us . We will pay a Partial Disability Benefit if the Life Assured is Partially Disabled (as defined in Clause 3 under Section D below). The amount payable will be the lesser of 25% of the Sum Assured or $100,000. When a payment is made under this Partial Disability Benefit the Sum Assured will be reduced by an equal amount. 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. We will, at Our discretion, waive the requirement for the Life Assured to be absent from his or her pre-disability employment for three (3) consecutive months when assessing a Total and Permanent Disability Benefit claim if: The Life Assured in Our sole opinion has met all other requirements for payment of a Total and Permanent Disability Benefit ; and We expect the Life Assured to survive beyond three (3) months after the Life Assured ceased work as a result of the disease, illness or injury. In exercising this discretion, We will consider if the disease, illness, or injury of the Life Assured enables an assessment to be made immediately in respect of whether the Life Assured has met all other requirements for the payment of the Total and Permanent Disability Benefit .
PARTIAL DISABILITY BENEFIT
12
ASSISTANCE BENEFIT
13
GUARANTEED PASS BACK OF BENEFIT ENHANCEMENTS
14
WAIVER OF THREE (3) MONTH ABSENCE FROM EMPLOYMENT
15
A
B
BCP-TPD-05/2026
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