Insured Child means a Child who has never been the subject of a Children’s Benefit or Children’s Trauma Top Up Benefit option claim under an AIA New Zealand Trauma Cover Benefit . The Children’s Benefit will only be payable once for each Insured Child irrespective of the number of Trauma Cover Benefits the Insured Child’s parent(s) or legal guardian(s) hold with AIA New Zealand . A claim paid under the Children’s Benefit will not affect the amount of any Trauma Cover Benefit which may be claimed in respect of the relevant Life Assured . The Children’s Benefit does not increase with the Consumer Price Index . Exclusions The Children’s Benefit is not payable for any Insured Child’s Critical Illness , which directly or indirectly, was caused by, resulted from or was in any way connected to: 1. a pre-existing condition; and/or 2. a condition that has Manifested prior to the commencement date of the Children’s Benefit ; and/or 3. a Congenital Condition ; and/or 4. an injury caused by You , a parent of the Child and/or a guardian. The Children’s Benefit can be converted to: • Standalone Trauma Cover; or • Accelerated Trauma Cover with an equal amount of Life Cover, with a maximum Sum Assured of $50,000 or 50% of the Life Assured’s original Sum Assured whichever is the lesser, without further medical evidence. Where the Life Assured’s Sum Assured has reduced the conversion will be calculated on the reduced Sum Assured . Once converted an applicable premium will be payable. If the Policy Schedule shows You have selected the Children’s Trauma Top Up Benefit option this can be converted to Standalone Trauma Cover with a maximum Sum Assured of $75,000), without further medical evidence. Once converted an applicable premium will be payable. The conditions that apply to the Children’s Benefit Conversion Option are as follows: • Conversion cannot occur if the Insured Child has claimed or was eligible to claim under the Children’s Benefit and/or Children’s Trauma Top Up Benefit option; and • Your request for conversion must be received by AIA New Zealand in writing; and • Your request must be received by AIA New Zealand within sixty (60) days of the Policy anniversary after the Insured Child’s twenty first (21 st ) birthday. 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.
CHILDREN’S BENEFIT CONVERSION OPTION
9
A
B
C
OPTIONAL WOMAN’S ADDITIONAL CANCER BENEFIT
10
PC-TC-05/2026
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