AIA LIVING

Business & Rural Insurance

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.

With eligible policies you also get the added benefit of earning Airpoints Dollars™ for premiums paid, and have the opportunity to join AIA Vitality, a science-backed health and wellbeing program that rewards your healthy choices. T&Cs apply

Ready to talk to an insurance expert?

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.

+ Expand All

Built-in Benefits

Recurrent Disablement Benefit

The waiting period will be waived, if you become totally 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

Our Enhancement Pass Back Benefit is our commitment to you to keep our insurance relevant. Any enhancements we make to our AIA Living products in the future are automatically passed back to you, offering you even more at claim time

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

Ready to apply?

Talk to an insurance expert

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

+ Expand All

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.