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    AIA Living

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    The most important things in your life are your family, your lifestyle and your future. This is what life, trauma and disability insurance are there to protect.

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      Protects your loved ones’ future if you're diagnosed with a terminal illness or die.

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      Supports you and your family while you or your child navigate a serious illness or injury.

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      Secures your future if a serious illness or injury leaves you permanently disabled.

    • Income Protection Insurance

      Safeguards your ability to earn if you’re unable to work due to illness or injury.

    • Business & Rural Insurance

      Protection for new and existing business owners if a key person becomes seriously ill, is injured, or dies.

  • Health Insurance
    AIA Health

    Health Insurance

    Having good health is invaluable. Remove the worry around unexpected medical bills, focus on the right treatment when and where you need it, and start your recovery sooner.

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      Takes care of your medical expenses for a range of health conditions and provides faster medical care that suits your needs.

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  • AIA LIVING

    Income Protection Insurance


    What is Income Protection?

    If you face an illness or injury that stops you from working, income protection insurance provides regular monthly payments to cover your ongoing financial commitments like household bills and mortgage or rent payments.

    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?

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    People at work

    Key benefits of AIA Income Protection

    • Access to partial payments as you return to full-time work.

      Access to partial payments as you return to full-time work.

    • We'll work closely with you to consider what rehabilitation or functional support could assist your recovery further.

      We'll work closely with you to consider what rehabilitation or functional support could assist your recovery further.

    • Suspend your cover for up to 12 months if you go on parental leave or unpaid leave.

      Suspend your cover for up to 12 months if you go on parental leave or unpaid leave.

    Compare our
    Income Protection Products

    AIA LIVING

    Income Protection



    Provides a monthly payment to replace a portion of your income if you have an illness or injury and are unable to work. You have three options to choose from in this category: Agreed Value, Indemnity or Loss of Earnings.

    You can also enhance your Income Protection cover by adding Premier Cover. See the extra benefits this cover provides below.

    AIA LIVING

    Mortgage and Income Protection

    Provides a monthly payment to replace your mortgage or rent payments, should you suffer an illness or injury and are unable to work.

    Mortgage and Income Protection doesn’t have ACC offsets. This means in case of an accident, anything paid by ACC to compensate your income will not be deducted from your Mortgage and Income Protection benefit payments.

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    Built-in Benefits

    Total Disability Income Benefit

    You will receive a monthly benefit payment less offsets monthly in advance from the end of the waiting period and until you are no longer totally disabled or the benefit or cover term ends.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Partial Disability Income Benefit

    You will be paid a benefit monthly in arrears if you become partially disabled.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Partial Disability Bridging Benefit

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

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Enhanced Partial Disability Benefit

    If you have Income Protection, when you move from being totally disabled to partially disabled you can receive a monthly top-up payment of either 25% of the Partial Disability Income Benefit  (or one twelfth of the benefit amount less the PDIB, whichever is lower, for up to 12 months while on claim).

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    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.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    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. This is subject to AIA’s opinion after considering the advice of a registered medical practitioner and other relevant information.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Vocational Assistance

    This benefit is for the cost of a vocational assistance programme approved in advance by AIA if you’re unlikely to return to your pre-disability occupation.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Home Modification and Equipment Expense Benefit

    AIA may agree to pay you an additional lump sum payment of up to 6 times the monthly benefit amount to cover costs of buying specialised equipment or completing home alterations because of your total disability.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Bed Confinement Benefit

    If during the waiting period you are confined to bed under fulltime care for more than three days and are in an occupation class other than five, AIA will pay a daily Bed Confinement Benefit.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Suspension of Cover

    If you go on parental leave, or go on leave without pay for any reason, you may suspend cover for a period no longer than 12 months. You cannot claim during this suspension period.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Back to Work Payment

    If you have Income Protection and you can return to work between 12 and 24 months after claiming, we will pay you a lump-sum payment equivalent to 3 times your monthly benefit.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Pregnancy Premium Waiver

    AIA will waive the premium for six consecutive months at any stage between the second trimester and six months after your pregnancy finishes. You can claim during this period.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Waiting Period Reduction Benefit

    If you have a waiting period of 26, 52 or 104 weeks, you can reduce this waiting period, without providing any further medical evidence, if your Business Overheads, Business Continuity, Locum Cover or Rural Continuity is cancelled due to the life assured no longer being actively involved in the business or the business is sold or the business is no longer actively trading.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Concurrent Waiting Period Benefit

    If the life assured is disabled and able to receive a benefit under this policy, and you also hold Business Overheads, Business Continuity, Locum Cover or Rural Continuity, then the waiting periods applicable to the life assured under each policy will be served concurrently from the disablement date.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Return Home Benefit

    If you’re outside New Zealand and suffer one of the critical conditions for the first time, you could access up to $10,000 towards the cost for you and a support person to return home.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Childcare Support Benefit

    You could be entitled to reimbursement of the costs for additional childcare that you may need while you are totally or partially disabled for dependent child(ren) who are under the age of 14 years old.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Property Special Event Facility

    If you have Mortgage and Income Protection you may choose to increase the sum assured if there has been one of the following events: an increase to an existing mortgage, the purchase of a new home, the purchase of a holiday home or the purchase of a bare block of land zoned as residential.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Waiver of Premium

    We will waive your premium payments, while your insurance remains in place when you are unable to work due to total disability. This benefit is compulsory when taking out any personal disability income policy and you’ll incur an additional cost.

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    AIA Living Benefits

    Enhancement Passback

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

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION

    Worldwide Cover

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

    INCOME PROTECTION
    MORTGAGE & INCOME PROTECTION
    Premier Cover Option

    (Only available with Income Protection)

    If selected, this option provides you with the four additional benefits below and extra features within the Total and Partial Disability Benefits and the Bed Confinement Benefit available with your Income Protection.

    Extra Cash Benefit

    Pays an additional benefit each month for the first three months after the waiting period, equivalent to one third of your monthly benefit. This benefit is paid in advance and in addition to the Total Disability Income Benefit. 


    Permanent Disablement Benefit

    Pays an additional monthly payment equivalent to a one third of your monthly Total Disability Income benefit calculated within your base cover if you are permanently disabled and have been paid a total disability benefit for 24 consecutive months. 


    Home Care Benefit

    Provides an additional benefit payment to cover the services of a carer for up to 6 months. This benefit is paid in arrears and to the person providing the care.


    Bereavement Grant

    If you pass away while receiving a Total Disability Income Benefit, a lump sum payment of three times your benefit will be paid. 


    Optional Add-Ons

    Talk to an Adviser to find out more

    Request a Callback

    Mental Health Limitation

    Choosing this option will reduce your premiums but means if you make a claim for mental health, you will only receive payments for 2 years throughout the life of your policy. This option is only available if you choose a benefit period to age 65 or 70


    Future Insurability (only available with Income Protection)

    You can apply to increase your sum assured at every third policy anniversary without providing any further medical information. Limits and conditions apply and every increase in cover will result in an increase in premium.


    Claim Indexation Benefit

    Your Income Protection Insurance sum assured will increase on each anniversary date every year by the same percentage as the New Zealand Consumer Price Index (CPI). 


    Retirement Protection

    If you become totally disabled, we will continue your contributions to your KiwiSaver scheme while you are receiving  Total Disability Income Benefit payments under your personal disability income policy. 


    Redundancy Cover

    If you are made redundant, you’ll be covered with monthly payments for up to six months.


    Accidental Injury Cover

    Provides an up-front payment should you be injured accidentally. The payment you receive is based on the treatment you require and the cover you selected (up to $5,000 a month).

    Ready to apply?

    Get a quote

    Use our Quick Quote to get an estimate of how much your insurance needs could cost in 2 quick steps online. 

    Talk to an insurance expert

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

    Apply online via KiwiCover

    Applying online has never been easier. You can apply quickly and conveniently online via our trusted partner KiwiCover.

    More about AIA Income Protection Insurance

    FAQs

    View frequently asked questions about AIA’s Income Protection Insurance products

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    How does income protection insurance work?

    Income protection insurance provides you with regular monthly payments to assist with your financial commitments if you face an illness or injury that prevents you from working. These payments could assist with ongoing:

    • household bills
    • mortgage repayments
    • rent payments

    Does income protection insurance cover you during pregnancy?

    AIA’s income protection cover has a Pregnancy Premium Waiver built-in benefit. This means that AIA will waive the income protection premium for six consecutive months at any stage between the second trimester and six months after your pregnancy finishes while you are on maternity leave.

    This is only available if you become pregnant while the policy is in force. You can claim during this period.


    Does income protection insurance cover mental health?

    Mental health related issues are not excluded from cover under AIA’s income protection cover.  

    You have the option to select an additional add-on that will reduce premiums but limit mental health claim payments to 2 years in total.

    Please speak to your insurance adviser or request an adviser call for more information and to discuss your needs.


    Does income protection insurance cover you during maternity leave?

    You may be eligible for your premium to be waived while you are on maternity leave. AIA’s income protection cover will waive the income protection premium under the Pregnancy Premium Waiver built-in benefit for six consecutive months at any stage between the second trimester and six months after your pregnancy finishes. This is only available if you become pregnant while the policy is in force. You can claim during this period.


    Does income protection insurance cover pre-existing medical conditions?

     

    When you apply for your insurance, it is important that you disclose any pre-existing medical conditions. Having a pre-existing medical condition does not automatically mean that you won’t have cover.

    However, it may influence your cover or the premium, depending on what the condition is. Please speak to your insurance adviser or request an adviser call for more information and to discuss your needs.

     



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    When should I consider income protection insurance?

    There is no specific time at which it would be best to consider income protection insurance. If you have ongoing financial commitments, you may want to consider whether you need income protection to support you to continue to meet these commitments if you were ever unable work because of illness or injury.

    Please speak to your insurance adviser or request an adviser call for more information and to discuss your needs.


    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.

    If you need to make any changes to a policy, we require written authority from the Policy Owner.


    What if I have a pre-existing medical condition?

    If you have a pre-existing medical condition it is important that you advise your insurance company when applying for cover. Your insurance adviser will help you with this.

    It does not automatically mean that you won’t be covered for that condition, however you must disclose all pre-existing medical conditions to enable the insurance provider to assess your application with all relevant information. 


    • Product Brochure
      Product Brochure

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    Policy Wordings

    AIA Income Protection Insurance

    AIA Income Protection Insurance
    - +
    Umbrella
    Income Protection Agreed Value
    Income Protection Indemnity
    Income Protection Loss Of Earnings
    Mortgage and Income Protection
    Waiver Of Premium
    Redundancy Benefit
    Retirement Protection

    Contact Us

    0800 500 108

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    Mon-Fri 8am - 6pm

    AIA New Zealand Limited
    AIA House, 74 Taharoto Road, 
    Takapuna, Auckland 0622
    New Zealand

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    CONTACT US

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