Business and Rural Insurance

Q: What are the different types of business insurance?

AIA provides the following business insurance options: Start-Up Income Protection – supports new business owners with monthly payments of an amount agreed at the time of purchase your policy. Business Continuity – provides established businesses with monthly payments if you or any key employees suffer an illness or injury that means they are unable to work. Other business insurance – Life Cover; Total Permanent Disablement Cover; Critical Conditions Cover; Progressive Care Cover.

Business and rural insurance provides financial support if you or a key person in your business or farm, is unable to work due to illness or injury.

Should something happen to you or one of your key people, the right insurance can help you make the next step that’s right for you and your business or farm. AIA have a range of options that provide either monthly payments or a lump sum in the event you or a key person become seriously ill, injured or die giving you financial support to keep your business or farm operating, allowing you to cover debts, or helping you to wind up and sell.

AIA Vitality is our personalised, science backed health and wellbeing programme that supports you every day to make healthier lifestyle choices. It takes you on a journey to better health - where you get to know your health, improve it, and enjoy the rewards for doing so.

Add AIA Vitality when you purchase business or rural insurance for $11.50 per month to receive:

an initial 10% premium discount* on your first year's premium
earn up to $560 in vouchers or Airpoints Dollars™ per membership year
exclusive rewards and discounts from our partners.

*T&C's apply.

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Key benefits of AIA Business & Rural Insurance

With Start Up Income Protection, access up to $9,000 sum assured a month without having to provide detailed financial information.
With Business Continuity there are no ACC offsets so we will pay you on top of any ACC payments you receive or are entitled to receive.
With Rural Continuity, you choose the time you wait before you’ll start receiving payments, how long you want to receive them for, and if you want ACC offsets.
Covered across a wide range of situations that could affect you or your key people to continue working.

Compare our
Business and Rural Insurance Products

AIA LIVING

Business Continuity

Provides established businesses with monthly payments to help support the cost of keeping your business running should you or any key employees become disabled and are unable to work.

AIA

Start-Up Income Protection

Provides new business owners who have been trading three years or less with monthly payments to help support the cost of your business if you face an illness or injury that stops you from working.

AIA LIVING

Rural

Continuity

Protects the future of your farm if you become seriously ill or injured. It provides monthly payments of an amount agreed at the time you take out your policy.

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Built-in Benefits

Recurrent Disablement Benefit

The waiting period will be waived, if you become disabled again and it’s caused by the same or a related illness or injury.

Total Disablement Benefit

You will receive a monthly benefit less offsets (if applicable) if you are totally disabled.

Rehabilitation and Support

One of our dedicated case managers will work with you to understand your personal situation and will consider what assistance could aid your return to work or improve your capacity to work.

Business Mentors Benefit

Following an accepted claim, we can provide you with a two-year membership to Business Mentors - New Zealand’s leading business mentoring service. A business mentor can offer a fresh perspective and guidance at a challenging time, enabling you to focus on your recovery.

Waiver of Premium

This can remove the burden of paying premiums when you are unable to work due to total disability. We will waive your premium payments, while your insurance remains in place. This benefit is compulsory with Rural Continuity cover and you’ll incur an additional cost. You will have the option of choosing the wait period.

AIA Living Benefits

Enhancement Pass Back Benefit

At claim time, we’ll compare your purchased product’s policy wording with the latest version of that product’s policy wording and apply the most favourable option for your claim. For more information visit aia.co.nz/passbacks

Worldwide Cover

Whether you’re at home, travelling or living overseas for any period, you remain insured.

Optional Add-Ons

Talk to an Adviser to find out more

Request a Callback

Partial Disablement Benefit (Not available with Start-Up Income Protection)

This provides additional income if, owing to a continuation of the disability, you are working less than 75% of the working hours stated at application time and have been totally disabled. If you choose to take this benefit you’ll also have access to the Partial Disablement Bridging Benefit (Not available with Start-Up Income Protection)

Partial Disablement Bridging Benefit (Not available with Start-Up Income Protection)

If you move from a total to partial disability benefit, this pays a lump sum equal one third of the last monthly total disability benefit to help cover costs during the transition period.

Waiver of Premium

This can remove the burden of paying premiums when you are unable to work due to total disability. We will waive your premium payments, while your insurance remains in place. You will have the option of choosing the wait period.

AIA LIVING

Business & Rural

AIA offers a range of options that provide a lump sum payment in the event your customer or a key person in the business becomes seriously ill, injured or dies.

AIA Living Business – Life Cover Benefit

Payment in the event of terminal illness or death.

Find out more
AIA Living Business – Critical Conditions Benefit

Payment in the event of a specified critical condition.

Find out more

AIA Living Business – Progressive Care Benefit

Payment in the event of disability preventing work.

Find out more
AIA Living Business – Total Permanent Disablement Benefit

Severity-based payment in the event of specified critical condition.

Find out more

Why choose AIA?

Start thriving with

AIA Vitality

Add AIA Vitality to any eligible insurance product and receive an initial 10% premium discount plus an array of rewards. T&Cs apply.

92% Claims paid

in 2024

$829.6M

Paid

Between 1 January and
31 December 2024.

Multi-benefit Discount

Save up to 15% on your premiums when you buy multiple eligible insurance policies.

T&Cs apply.

Financial Strength

Rating

AA

(VERY STRONG)
RATING

Ready to apply?

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Request a call back for personalised advice and obligation-free chat with an experienced insurance Adviser in your area.

More about AIA Business & Rural Insurance

FAQs

View frequently asked questions about AIA’s Business and Rural Insurance products

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Is business insurance and business interruption insurance the same?

There are different types of business insurance.

Business interruption insurance is a type of business insurance that is connected to physical loss of business assets.

However, AIA’s offers business insurance that provides payments if you or a key person becomes seriously ill, injured or dies .

Please speak to your insurance adviser for more information and to discuss your needs.

What are the different types of business insurance?

AIA provides the following business insurance options:

Start-Up Income Protection – supports new business owners with monthly payments of an amount agreed at the time of purchase your policy.

Business Continuity – provides established businesses with monthly payments if you or any key employees suffer an illness or injury that means they are unable to work.

Other business insurance – Life Cover; Total Permanent Disablement Cover; Critical Conditions Cover; Progressive Care Cover.

Is health insurance and rural continuity insurance the same thing?

Our rural continuity insurance is specific to your industry, but we also have a suite of insurances across life, trauma, total permanent disablement that can be taken out for business or personal purposes depending on your needs. These offer a range of options that provide either monthly payments or a lump sum payment in the event you or a key person becomes seriously ill, injured or dies. It can help with keeping your farm or share milking business running.

To find out more about AIA’s Private Health Insurance cover, please speak with your insurance adviser or request an adviser call.

Will my ACC payments offset my Business Continuity payments?

No. The ACC payments you receive or are entitled to receive will not impact business continuity payments.

What does ACC offset mean?

At the time of application for Rural Continuity, you choose whether your payment is reduced by the amount of ACC payments you receive or are entitled to receive. Electing to offset ACC payments can reduce your premiums.

What does a waiting period mean?

This is the length of time between you suffering from an illness or injury that results in you being unable to work and when you start receiving the benefit payments.

Choose from 4, 8 or 13 weeks.

What is the difference between a Policy Owner and Life Assured?

The Policy Owner owns and controls the policy and is responsible for payment of premiums. The Life Assured is the person who has been insured under the policy. To make any changes to a policy we require written authority from the Policy Owner.

Product Brochure

AIA Business Insurance

Download

Product Brochure

AIA Rural Insurance

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Policy Wordings

AIA Business Insurance

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Umbrella

Business Continuity

Business Critical Conditions

Business Life Cover

Business Progressive Care

Business Total Permanent Disablement

Business Waiver of Premium

Start-up Income Protection

AIA Rural Insurance

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Umbrella

Rural Continuity

Rural Continuity Income Support

Business Life Cover

Business Critical Conditions

Business Progressive Care

Business Total Permanent Disablement

Business Waiver of Premium

Disclaimer

Other things you should know: the availability of insurance cover is subject to your application being approved. All applications are subject to individual consideration. Special conditions, exclusions and premium loadings may apply. This insurance is underwritten by AIA New Zealand Limited (‘AIA’). For full details of the products and benefits offered by AIA, please refer to the policy document(s) which are available from AIA. The information contained in this publication is general in nature and is not intended as advice. It may not be relevant to individual circumstances and before making any insurance decision, you should consult a professional Adviser.

A note on exclusions and benefits
This insurance (including the built-in and optional benefits) is subject to certain stand down periods and exclusions. Please also note that the optional benefits are subject to an increase in premium and their own terms and conditions.

Terms and conditions apply
AIA Vitality is available with eligible AIA health or life insurance policies and has a monthly membership fee of $11.50 (including GST). View the full AIA Vitality terms and conditions.

Your Duty of Disclosure

When you apply for insurance with AIA New Zealand Limited, you have a legal duty of disclosure to AIA.

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Business and Rural Insurance

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Business Continuity

Start-Up Income Protection

Rural

Continuity

Optional Add-Ons

Business & Rural

AIA Living Business – Life Cover Benefit

AIA Living Business – Critical Conditions Benefit

AIA Living Business – Progressive Care Benefit

AIA Living Business – Total Permanent Disablement Benefit

Why choose AIA?

Start thriving with

AIA Vitality

92% Claims paid

in 2024

$829.6M

Paid

Multi-benefit Discount

Financial Strength

Rating

AA

Ready to apply?

Talk to an insurance expert

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