2. Cover eligible for the Lifestyle Booster Discount 

The Lifestyle Booster Discount only applies to the following fully underwritten new Eligible Cover or increase in Eligible Cover, where the premium option selected is either ‘Rate for Age’ or ‘Level 10 years’:

From 14 August 2026:

1. AIA Living – Personal (Life Cover, Family Protection Benefit)
2. AIA Living – Business (Life Cover)
3. ASB Lifestyle Security Plan – Personal (Term Life Cover, Family Protection Benefit) 
4. ASB Lifestyle Security Plan – Business (Life Cover)

(Eligible Life Cover)

From 22 September 2026 (in addition to the above):

1. AIA Living – Personal (Critical Conditions (Standalone and Accelerated)) 
2. ASB Lifestyle Security Plan – Personal (Critical Conditions (Standalone and Accelerated)) 
3. ASB Lifestyle Security Plan – Business (Critical Conditions (Standalone and Accelerated)) 

(Eligible Critical Conditions Cover)

Together referred to as Eligible Cover

3. Applying the Lifestyle Booster Discount

The Lifestyle Booster Discount is permanently applied to the premium of the Eligible Cover for the duration of the Eligible Cover. 

• The Lifestyle Booster Discount is applied to the premium for the Eligible Cover, together with any other applicable discounts.
• Any policy fee, premium resulting from per mille loading (if any), or other relevant fees are not subject to the Lifestyle Booster Discount.
• Where there is more than one life assured under a policy, the Lifestyle Booster Discount Criteria is assessed and applied independently for each life assured. 
• The Lifestyle Booster Discount is only applicable to Eligible Cover. Any premiums owed for any other insurance covers or any optional benefits are not subject to the Lifestyle Booster Discount.

4. If things change

If the Eligible Cover lapses, is cancelled or otherwise ends, AIA’s usual business reinstatement rules apply. The applicability of the Lifestyle Booster Discount at this time will be at AIA’s sole discretion.

The Lifestyle Booster Discount may be modified or removed from market at any time without notice. If the Lifestyle Booster Discount is removed from market, Eligible Cover that is in place, which is already subject to the Lifestyle Booster Discount, will continue to receive the discount for the duration of that cover.

5. Things you should know

When the Lifestyle Booster Discount is applied to Eligible Cover, it will remain in place for the duration of that cover. 

AIA and ASB staff who purchase new Eligible Cover through full retail channels and meet the Lifestyle Booster Discount Criteria will qualify for the Lifestyle Booster Discount. 

AIA and ASB staff who obtain cover through a group insurance scheme do not qualify for the Lifestyle Booster Discount.  

AIA reserves the right (subject to any applicable law) to cancel and/or modify the Lifestyle Booster Discount Criteria, Eligible Cover, or these Terms and Conditions by posting updated Terms and Conditions at www.aia.co.nz/booster

AIA insurance policies and ASB life, income protection and health insurance policies are underwritten by AIA New Zealand Limited. All applications for insurance are subject to individual consideration and normal underwriting criteria. Conditions apply.