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” under Section B above. 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 Children’s Trauma Top Up Benefit option, the following Benefits will apply:
INFLATION ADJUSTED BENEFIT OPTION
4
LEVEL BENEFIT OPTION
5
LEVEL INDEXED BENEFIT OPTION
6
CHILDREN'S TRAUMA TOP UP BENEFIT OPTION
7
Children’s Trauma Benefit
• •
Pregnancy Complications Benefit ; and
• Children’s Congenital Conditions Benefit
as set out below.
The Reinstatement Option under Clause 17 applies to the Children’s Trauma Top Up Benefit option, subject to the Insured Child satisfying the terms of Clause 17.
PC-TC-05/2026
Page 11 of 43
Powered by FlippingBook