AIA New Zealand Limited (‘AIA New Zealand’) shall mean any related companies and/or agents (including company officers acting in the scope of their authority) and AIA New Zealand’s insurance advisers or reinsurers.
You are not insured:
- until this application has been accepted by AIA New Zealand; and
- you have paid the first month’s premium.
AIA New Zealand may decline this application, or may accept this application subject to certain conditions and exclusions.
Your duty of disclosure:
When you apply for insurance with AIA New Zealand you have a legal duty of disclosure to AIA New Zealand.
The duty of disclosure means that:
- All the statements that you or any Life Assured make to AIA New Zealand (both written and oral) including the answers in this application, and any other communication by you or any Life Assured with AIA New Zealand prior to your contract of insurance must be true and correct.
- This duty of disclosure in relation to your application for insurance continues from the time you complete this application until either:
- the later of the commencement date of the policy or the date AIA New Zealand accepts your application for insurance; or
- AIA New Zealand declines your application for insurance.
- You and any Life Assured also have an ongoing duty of disclosure to AIA New Zealand, whenever you extend, vary or reinstate your insurance.
Important: Duty of Disclosure
If you or any Life Assured do not comply with your duty of disclosure, AIA New Zealand may at its discretion do any or all of the following:
- Decline any claim that you make;
- Alter the terms of any benefits under the policy;
- Void your policy from the commencement date of the policy; and
- Recover any benefits paid.
IF YOU ARE NOT SURE WHETHER YOU ARE REQUIRED TO DISCLOSE A PARTICULAR FACT, PLEASE ASK AIA NEW ZEALAND OR YOUR INSURANCE ADVISER.