The Apple Watch Benefit (“AWB”) is available as part of the AIA Vitality Programme with AIA Services New Zealand Limited (“AIA”). When an AIA Vitality Member activates the AWB they agree to be bound by these Terms and Conditions (“Terms”). Please note the AIA Vitality Terms and Conditions (“AIA Vitality T&Cs”) will also apply to the AWB.

1. The AWB is activated from the date the AIA Vitality Member receives the Apple Store Gift Card code and will run for a 24-month period (“AWB activation”).
2. The AIA Vitality Member will begin earning weekly Apple Watch Benefit Rewards (“AWB Rewards”) the first Monday of the month 10 days after the Store Gift Card code has been issued.
3. AWB Rewards are earned by the AIA Vitality Member meeting their AIA Vitality Weekly Physical Activity Targets (“Targets”) as calculated in the AIA Vitality app. If the AIA Vitality Member meets all their Targets each week in a month, they will earn all AWB Rewards available for that month.
4. AWB Rewards are a dollar amount equivalent to the value of a loan repayment due to the AWB loan provider, by week. The monthly dollar amount earned in AWB Rewards will be paid by AIA Vitality directly to the AWB loan provider as a co-contribution to the AIA Vitality Member’s monthly loan repayment by the due date for that month; reducing the amount the AIA Vitality Member is liable to repay on their loan.

   See illustrative loan repayment table below indicating the potential co-contribution by the AWB Rewards:

   Weekly Targets met in month	AWB Reward covers	AIA Vitality Member pays to AWB loan provider
   0	$0	$26
   1	$5	$21
   2	$10	$16
   3	$15	$11
   4-5	$26	$0

5. The amount of the loan that will be repaid by the AWB Rewards will depend on the number of Targets achieved and corresponding AWB Rewards earned by the AIA Vitality Member in the month. In particular:
   1. If the AIA Vitality Member meets all of their Targets for the month, AIA will apply the corresponding AWB Rewards earned directly to the AWB loan provider to cover the total monthly loan repayment due.
   2. If the AIA Vitality Member misses some, or all, of their Targets, they will be responsible for the applicable portion of the monthly loan repayment (such payment to be deducted by the AWB loan provider by direct debit in accordance with the terms of the loan agreement).
6. For the avoidance of doubt, AWB Rewards do not apply to any initial deposit the AIA Vitality Member has paid to the AWB loan provider in obtaining the loan and the AIA Vitality Member is solely responsible for that initial deposit payment.
7. The AIA Vitality Member will not be entitled to a further AWB until the initial 24-month period has passed since AWB activation, regardless of whether the AIA Vitality Member’s loan has been paid off early.
8. AIA reserves the right to amend, vary, suspend or discontinue the AWB or any part thereof at any time, for any reason (which does not need to be disclosed) and/or amend these Terms. This includes substituting or varying the AWB details as AIA deems appropriate.
9. All decisions made in relation to the AWB will be made by AIA its discretion, all decisions are final and binding, and no correspondence will be entered into. If AIA cannot reasonably run the AWB as planned for any reason, AIA may cancel the AWB.
10. To the maximum extent permitted by New Zealand law, AIA or any of its respective directors, employees, and/or agents shall not be liable for any claim, loss, damage, cost, expense or personal injury suffered, sustained or incurred (including but not limited to indirect or consequential losses) as a result of arising out of, or in any way in connection with the  AWB
11. The collection, use and disclosure of personal information by AIA provided in connection with the AWB is governed by New Zealand law. The AIA Vitality Member’s personal information shall not be provided to any third parties without their prior consent, but AIA Vitality Member’s authorise AIA to:
    1. contact them with information pertaining to the AWB and the AIA Vitality programme; and
    2. provide the AWB loan provider with the AIA Vitality Member’s membership number and date of birth for verification purposes only when the AIA Vitality Member is applying for a loan with the AWB loan provider.
12. All personal information will be held in accordance with AIA’s current Privacy Statement which is available at: www.aia.co.nz/privacy
13. The AWB and these Terms are governed by New Zealand law and shall be subject to the non-exclusive jurisdiction of the courts of New Zealand.  
14. All questions regarding these Terms, or any dispute arising in connection with the AWB should be addressed to AIA for resolution. Any decision made by AIA in relation to the AWB and the AIA Vitality Programme (including in relation to any dispute) is final, and no correspondence will be entered into.
15. Any failure by AIA to enforce any of its rights does not constitute waiver of those rights.