Total Permanent Disablement Insurance

Up to $15,000 may be reimbursed to cover costs of purchasing specialist equipment, completing home alterations or vehicle modifications which are necessary following a TPD benefit being paid.

This benefit is payable under certain circumstances (loss of sight in one eye, or loss of use of one hand or one foot); and will provide you with a lump sum payment of the lesser of 25% of your sum assured or $100,000.

AIA will, at its sole discretion, waive the three-month waiting period if an immediate medical assessment confirms total permanent disablement, and all other claim requirements have been met. 

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

This assists you at claim time to access financial and legal advice from an AIA approved financial adviser or legal professional.  AIA will reimburse you for fees up to $2,500.

Enables you to increase the sum assured under your cover, without further medical underwriting following a significant event in your life which results in increasing financial responsibilities. These significant events include getting married, having a child, your child starting secondary school, taking out or increasing a residential home loan or receiving a salary increase and other major events.

Before reaching the age of 65 years, you have the option to convert all or part of your sum assured to a level premium structure without further medical underwriting.

We will pay up to $2,500 (incl. GST) to cover the cost of a Psychiatrist or Psychologist consultation and counselling for you and/or your family where the treatment directly relates to a claim.

AIA provide the flexibility to suspend your cover for up to 12 months, without medical evidence if you meet the following conditions: 

• Take parental leave
• Take leave without pay for any reason
• Get made redundant
• Become unemployed
• Experience at least a 20% reduction in pay (comparing the most recent payslip against a previous payslip from the same year)
• If self-employed, experience a 30% reduction in revenue (by comparing one month’s revenue against the same month for the previous year)

No benefits will be payable for any claim event which occurs during this suspension period.

We’re committed to keeping our insurance relevant for you. That’s why any improvements we make to our AIA products in the future are automatically applied to your policy, offering you even more at claim time.