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Life Insurance

AIA Living Accidental Death

It's important to make the most of life, but we understand that things may not always go to plan. Life insurance can help your loved ones carry on financially should the worst happen, making all the difference at a time when support can be most needed.

It's the peace of mind that your family can continue to pay monthly bills or mortgage repayments without your financial support. Or that your business can stay on course in times of difficult transition.

We understand everyone's circumstances are different, that's why AIA offers a range of life insurance options designed to best meet your needs.

AIA Living Accidental Death is a very basic type of life insurance that simply provides a lump sum should you die as a result of an accident.

Benefits Included

Suspension of Cover Benefit

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.


Counselling Benefit

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.

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.

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