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Imagine saving up to 25% on your insurance

Save when you bundle eligible insurance policies and add AIA Vitality.
T&C’s apply.

WE WANT TO HELP MAKE INSURANCE AFFORDABLE

Insurance is an important part of setting yourself up financially, protecting you and your family’s health, wealth and wellbeing. Save up to 15% when you bundle eligible life insurance and other insurance products with our Multi Benefit Discount, then add AIA Vitality to receive an extra 10% discount on your first year.

AIA Vitality shows you how healthy you are now, provides you with tools to start improving your health and rewards your healthy choices. From the initial 10% premium discount on your first year, you can also earn up to $560 in vouchers and enjoy exclusive discounts from our partners to keep you motivated along your journey. You can add AIA Vitality to any eligible insurance policy for $11.50 per month and start thriving. Want to know more, check out how the AIA Vitality programme works.

Why get insurance advice?

Our advisers combine knowledge of our insurance options with an in-depth understanding of your financial situation, so you know you’re making the right choice – whether that means trauma, income protection, health or life insurance. Compete our call-back request to get started and let our insurance advisers find the best options for you and your family, obligation free. Alternatively, you can apply online via our partner KiwiCover.

Ready to get started?

HOW YOU CAN SAVE WHEN YOU BUY MULTIPLE INSURANCE PRODUCTS

Start saving with when you take out life insurance and at least one other insurance from the optional products below. Minimum cover amounts apply.

Life Insurance
(compulsory)

Choose from life cover, family protection or accidental death cover.

Additional insurance
(optional)

One optional product	10% discount
Two optional products	12.5% discount
Three optional products	15% discount

Select any optional product below

Trauma Insurance

Provides a lump sum payment if you or your child become seriously ill or injured.

Find out more

Total Permanent Disablement Insurance

Provides a lump sum payment if you become permanently disabled and are unable to work due to accident or injury.

Find out more

Income Protection insurance

Monthly payment to replace a portion of your income if you are unable to work due to sickness or injury.

Find out more

Multi–Benefit Discount T&C’s Apply.

Ready to get started?

Already have existing policies with us?

When you take up new policies with AIA, we’ll take into consideration eligible existing insurance you have with us to see if you qualify for the Multi-Benefit Discount. If you’re eligible for the discount, this will then be applied to your new policies premium only.

Or if you want to add AIA Vitality, chat with us today.

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 2023

$734.8M

Paid

Between 1 January and
31 December 2023.

Financial Strength

Rating

AA

(VERY STRONG)
RATING

Terms and Conditions

AIA Vitality Premium Adjustment Rules

Terms in italics have specific meanings and are defined in the Definitions section. These Premium Adjustment Rules are subject to and should be read in conjunction with the AIA Vitality Terms and Conditions.

1. About these Premium Adjustment Rules

The AIA Vitality Discount is intended to reward members for their yearly engagement in the AIA Vitality Programme at their Policy Anniversary. As an AIA Vitality Member, all Eligible Benefits where you are the Life Assured, may be eligible for a Premium discount (the AIA Vitality Discount).

These Premium Adjustment Rules will cover the following important points:

Eligible Benefits will automatically receive an Initial Discount of 10% after you, the Life Assured become an AIA Vitality Member.

After the Initial Discount, your AIA Vitality Discount will be determined by your level of engagement in each AIA Vitality Year that you are a member of the programme. We call this Premium Flex.

Your AIA Vitality Discount may increase or decrease depending on your engagement during each AIA Vitality Year.

We can vary these Premium Adjustment Rules at any time, including varying or restricting Eligible Benefits, provided we give you 30 days’ notice of the change.

2. Initial Discount

When you sign up to AIA Vitality the Eligible Benefits will receive an Initial Discount of 10%.

If you do not meet the eligibility and registration requirements of AIA Vitality, your membership can’t be issued and the Initial Discount will not apply.

3. AIA Vitality Status

Your AIA Vitality Status reflects your engagement with the AIA Vitality Programme.

When you join AIA Vitality you start on Bronze status.
You can earn points based on your engagement with the programme, which will help you progress to a higher status (from Bronze to Silver, Silver to Gold and Gold to Platinum). This status is called your Running Man Status.
The status you have reached on your AIA Vitality Anniversary becomes your Standing Man Status.
The Standing Man Status, as at 2 weeks after your Policy Anniversary date, dictates the Premium Flex that will be applied to the Eligible Benefits of your policy on its Policy Anniversary date.
At your AIA Vitality Anniversary, your Running Man Status resets to Bronze, your points to zero, and you start working towards your target for the next AIA Vitality Year.

4. Premium Flex

Following the application of the Initial Discount, at each subsequent Policy Anniversary while you are an AIA Vitality Member, your Premiums on Eligible Benefits may be discounted.

For AIA Vitality members who are in their first 10 months of membership at a Policy Anniversary your Premium will not flex to your detriment:

if you reach Platinum status your discount will increase in accordance with the table below; and
if your status is less than Platinum, you will retain your 10% discount.

For AIA Vitality members in their first 11-12 months of membership at a Policy Anniversary your Running Man Status will be used to calculate your Premium Flex in accordance with the table below.

For all other AIA Vitality members:

The AIA Vitality Discount that applied at your previous Policy Anniversary (your Baseline Discount), will be adjusted according to your Standing Man Status, as at 2 weeks after your Policy Anniversary date.

AIA Vitality Status	Premium Flex rate
Platinum	Your Baseline Discount plus 2% (up to a maximum of 20%) e.g. AIA Vitality Year 1 discount is 10% (the Initial Discount). Year 2 discount will be 12%.
Gold	Retain current Baseline Discount e.g. AIA Vitality Year 1 discount is 10%. Year 2 discount will be 10%
Silver	Your Baseline Discount minus 1% (to a minimum of 0%) e.g. AIA Vitality Year 1 discount is 10%. Year 2 discount will be 9%
Bronze	Your Baseline Discount minus 2% (to a minimum of 0%) e.g. AIA Vitality Year 1 discount is 10%. Year 2 discount will be 8%

The AIA Vitality Discount is applied to the regular insurance Premium, including loadings, but is not applied to the policy fee or to any part of the Premium that is a result of Per Mille Loadings (if any).

The Premium Flex will be applied at each Policy Anniversary but cannot be applied more than once in a 12 month period.

If you choose not to engage with AIA Vitality, or only engage enough to achieve a Bronze or Silver AIA Vitality Status, your discount will decrease annually until it reaches zero. However, a high level of engagement (Gold or Platinum) may result in your AIA Vitality Discount remaining the same or increasing up to 2% annually, up to a maximum of 20%.

5. AIA Vitality Premium Discounts Explained

Case study: Blake*

Blake is a 31 year old male, non-smoker, who works as a Junior Accountant.

He purchases an insurance policy from AIA New Zealand with $350k Life Cover, $100k Total Permanent Disablement (TPD), $100k Critical Conditions (Standalone), and Private Health Plus.

Blake’s premium is calculated as $1,800 per annum before discount. For the purpose of this case study, his premiums stay the same each year and do not include loadings, a membership fee or a policy fee.

Blake decides to join the AIA Vitality Programme for a monthly membership fee of $11.50. His AIA Vitality Anniversary and Policy Anniversary are the same.

More rewards for better health choices

By engaging with the AIA Vitality Programme, Blake has been able to enjoy a discount on his insurance premium along with great savings at AIA Vitality’s health and lifestyle partners, including discounted entertainment, lifestyle, fitness apparel and more.

Premium savings with AIA Vitality

	If Blake is highly engaged	If Blake is not as engaged
Upon joining	Blake is entitled to a 10% Initial Discount, saving $180 in Year 1.
At 1st Anniversary	Blake’s AIA Vitality Status is Gold. He retains his 10% discount for another year, saving $180 in year 2.	Blake’s AIA Vitality Status is Bronze. His discount decreases to 8%, and he saves $144 in year 2. (Baseline Discount minus 2%)
At 2nd Anniversary	Blake’s AIA Vitality Status is Gold. He retains his 10% discount for another year, saving $180 in year 3.	Blake’s AIA Vitality Status is Bronze. His discount decreases to 6%, and he saves $108 in year 3. (Baseline Discount minus 2%)
At 3rd Anniversary	Blake’s AIA Vitality Status is Platinum. His discount increases to 12%, and he saves $216 in year 4. (Baseline Discount plus 2%).	Blake’s AIA Vitality Status is Bronze. His discount decreases to 4%, and he saves $72 in year 4. (Baseline Discount minus 2%)
At 4th Anniversary	Blake’s AIA Vitality Status is Platinum. His discount increases to 14%, and he saves $252 in year 5. (Baseline Discount plus 2%).	Blake’s AIA Vitality Status is Silver. His discount decreases to 3%, and he saves $54 in year 5. (Baseline Discount minus 2%)
At 5th Anniversary	Blake’s AIA Vitality Status is Platinum. His discount increases to 16%, and he saves $288 in year 6. (Baseline Discount plus 2%).	Blake’s AIA Vitality Status is Silver. His discount decreases to 2%, and he saves $36 in year 6. (Baseline Discount minus 2%)
	Over 6 years, Blake will have saved a total of $1,296 on his premiums.	Over 6 years, Blake will have saved a total of $594 on his premiums.

Additional premium savings with Multi-Benefit Discount

In addition to his AIA Vitality Discount Blake may also be eligible for the Multi-Benefit Discount on his Eligible Benefits under his AIA insurance policies.

For more information on AIA’s Multi-Benefit Discount visit www.aia.co.nz/mbd

*This case study is for illustrative purposes only and you should get in touch with your financial adviser for further details on how the AIA Vitality Discounts could work for you.

6. Things you should know

Your AIA Vitality Anniversary may be different from your Policy Anniversary and Premium Flex will only be applied to your Premium from your next Policy Anniversary, subject to the terms outlined above.

The Policy Owner will be notified of the impacts that any AIA Vitality Discount may have on the Premiums.

The AIA Vitality Discount is not guaranteed and we may withdraw or vary these Premium Adjustment Rules at any time providing that we give you 30 days’ notice of any change.

Should your AIA Vitality membership be cancelled or terminated in accordance with the AIA Vitality Terms and Conditions or if you do not proceed with your application for AIA Vitality membership, any AIA Vitality Discount (including the Initial Discount) applied to the Eligible Benefits will be removed from your next Premium due date.

Definitions

These terms have a specific meaning:

AIA, us, our or we means AIA Services New Zealand Limited.

AIA Vitality Programme or AIA Vitality means the health and wellness programme offered by AIA or our delegate in New Zealand from time-to-time.

AIA Vitality Anniversary means the anniversary of the commencement date of an AIA Vitality membership.

AIA Vitality Discount means the discount to be applied to the Premium for your Eligible Benefit(s) at each Policy Anniversary after being adjusted according to your AIA Vitality Status at that time.

AIA Vitality Member or you means a Life Assured who has been accepted into AIA Vitality Programme in accordance with the AIA Vitality Terms and Conditions.

AIA Vitality Status means an AIA Vitality Member’s membership status of either Bronze, Silver, Gold or Platinum as determined by AIA in accordance with the AIA Vitality Terms and Conditions.

AIA Vitality Terms and Conditions means the terms and conditions relating to the AIA Vitality Programme as set out on our website,
www.aiavitality.co.nz

AIA Vitality Year means the period that starts on the date that you become a member and every year thereafter on your AIA Vitality Anniversary, i.e. Year 1 is the period that starts on the date you become a member and Year 2 starts on the anniversary.

Baseline Discount means the AIA Vitality Discount that applied at the previous Policy Anniversary, which could be the Initial Discount or the Premium Flex discount.

Eligible Benefit means any benefits under an insurance policy(s) held by the AIA Vitality Member that have been determined by AIA as being eligible to receive an AIA Vitality Discount.

Initial Discount means the 10% discount that is applied to the Premium relating to any Eligible Benefit(s), under your insurance policy, when you first join AIA Vitality.

Life Assured means a person who is insured for an Eligible Benefit administered by AIA Services New Zealand Limited.

Per Mille Loading means an additional premium charged in respect of a Life Assured because of an increased risk factor, for example, due to a health problem, a hazardous occupation, or dangerous pastime. Per Mille Loadings are calculated in relation to the sum insured, which is different from other loadings that are calculated in relation to the base Premium.

Premium means the premium to which the AIA Vitality Discount is applied; which includes the regular insurance premium and loadings, but excludes Per Mille Loadings, policy fees and any AIA Vitality membership fee.

Premium Flex means the adjustment, whether an increase or decrease, to the AIA Vitality Discount as a result of your AIA Vitality Status.

Policy Anniversary means the anniversary of the commencement date of the policy, under which you have an Eligible Benefit, or such other date as may be determined by AIA and notified to you.

Running Man Status means an AIA Vitality Member’s membership status in their current membership year (i.e. Bronze, Silver, Gold or Platinum as determined by AIA in accordance with the AIA Vitality Terms and Conditions.)

Standing Man Status means an AIA Vitality Member’s membership status as at the last day of their previous AIA Vitality membership year (i.e. Bronze, Silver, Gold or Platinum as determined by AIA in accordance with the AIA Vitality Terms and Conditions).

Multi-Benefit Discount Eligibility Terms and Conditions

These Terms and Conditions are in relation to the Multi-Benefit Discount available on new policies issued by AIA New Zealand Limited (AIA). In these terms, ‘we’ means AIA, and ‘you’ or ‘your’ means the policy owner.

With AIA’s Multi-Benefit Discount you can receive up to 15% discount on premiums on AIA Living (excluding AIA Private Health) and ASB Lifestyle Security Plan (excluding ASB Private Health) policies quoted from 5 August 2019. Existing benefits may count toward the minimum sums assured to qualify for the discount but will not receive the discount.

1. Qualifying for the discount

To qualify for the Multi-Benefit Discount, the same life assured must be covered for a minimum sum assured under their Life benefit and hold at least one other benefit category, as shown in this table:

Benefit Category	Minimum sum assured required to qualify:
Life benefits	$100,000
Trauma benefits	$75,000
Total Permanent Disablement (TPD) benefits	$75,000
Income Protection benefits	$2,000 per month

The minimum sum assured can be on fully underwritten AIA Living and/or ASB Lifestyle Security Protection (excluding Private Health), and/or fully underwritten risk policies issued by AIA from 1 June 2001 or by Sovereign from 1 February 2001. For details on which benefits count toward the minimum sum assured under each category, see the table at the end of this document.

2. Policies eligible for the Multi-Benefit Discount

The Multi-Benefit Discount only applies to benefits on AIA Living (excluding AIA Private Health) or ASB Lifestyle Security Plan (excluding ASB Private Health) policies quoted from 5 August 2019. Existing benefits may count toward the minimum sums assured to qualify for the discount but will not receive the discount.

For example, if you hold an existing Sovereign TotalCare Max Life Cover benefit with $250,000 sum assured and you purchase an AIA Living Income Protection benefit, for the same life assured, with $2,500 monthly sum assured, you will receive a multi-benefit discount on the AIA Living Income Protection benefit.

You may also be eligible to transfer your existing cover to AIA Living or ASB Lifestyle Security Plan policies offering the Multi-Benefit Discount. Please speak with your Adviser or ASB Insurance Manager.

3. Applying the Multi-Benefit Discount

The discount rate will depend on the number of benefits for which the life assured meets the minimum sum assured, as shown on this table:

Meets minimum sum assured for:	Discount
Life benefit plus 1 other (Trauma, TPD or IP)	10%
Life benefit plus 2 others (Trauma, TPD or IP)	12.5%
All benefits (Life, Trauma, TPD and IP)	15%

Once you qualify, we will apply the discount to all the benefits held by the life assured on the policies that are eligible to receive the discount.

The discount is applied to the premium of the benefits held by the life assured, excluding the policy fee and excluding any premium resulting from per mille loading (if any).

4. If things change

If for any reason, the amount of cover and/or the number of benefits that the life assured holds with AIA change, we will re-calculate your discount and adjust your premium for your next billing due date.

For example:

Your discount may be reduced if:	Your discount may increase if:
One of the qualifying benefits is cancelled; The sum assured is reduced under the minimum; A benefit expires because it reaches the end date; or A claim is paid that ends a benefit	The sum assured is increased or the sum assured increases as a result of indexation; The life assured takes up additional cover or benefits; Reinstatement of benefits; or Buy Back of benefits.

Please note that the Multi-Benefit Discount terms and conditions apply to all premium structures. If you have selected a 10 years, To age 65, or To age 80 premium structure, the Multi-Benefit Discount applying to your policy may vary your premiums in line with these rules.

5. Things you should know

AIA reserves the right (subject to any applicable law) to cancel or modify the Multi-Benefit Discount to new and/or existing customers by posting updated Terms and Conditions at www.aia.co.nz

If we stop offering the discount to existing customers, we will notify you at least 90 days before the change.

Table: benefits that count toward the minimum sum assured under each category.

Benefit Category	AIA Living	AIA policies	Sovereign or ASB policies
a) Life benefits	Life Cover Accidental Death Family Protection	Life Cover Accidental Death	Life Cover Family Protection (converted to lump sum) Accidental Death
b) Trauma benefits	Critical Conditions Progressive Care	REAL Trauma	Critical Conditions Critical Conditions Essential Progressive Care
c) Total Permanent Disablement (TPD) benefits	TPD Any / Own Occupation TPD under Critical Conditions or Progressive Care	TPD Any / Own Occupation	TPD Any / Own Occupation TPD under Critical Conditions or Progressive Care
d) Income Protection benefits	Income Protection – Agreed Value, Indemnity or Loss of Earning Mortgage and Income Protection Business Continuity Business Income Support Rural Continuity - Agreed Value or Indemnity Start-Up Income Protection	Income Protection Agreed Value, Indemnity or Loss of Earning Vital Income Protection Mortgage, Income and Rent Cover Business Continuation Farmers Protection New to Business	Income Protection - Agreed Value, Indemnity or Loss of Earning Income Essential Mortgage and Income Protection Business Continuity Business Income Support Business Overheads Locum Rural Continuity - Agreed Value or Indemnity Start-Up Income Protection

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Imagine saving up to 25% on your insurance

WE WANT TO HELP MAKE INSURANCE AFFORDABLE​

Talk to an Adviser

HOW YOU CAN SAVE WHEN YOU BUY MULTIPLE INSURANCE PRODUCTS

Trauma Insurance

Total Permanent Disablement Insurance

Income Protection insurance

Already have existing policies with us?

Why choose AIA?

Start thriving with

AIA Vitality

92% Claims paid

in 2023

$734.8M

Paid

Financial Strength

Rating

AA

Terms and Conditions

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WE WANT TO HELP MAKE INSURANCE AFFORDABLE