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Life Insurance

AIA Living Family Protection

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 Family Protection is designed to minimise the impact on lifestyle after your death through a monthly payment to your family, rather than a lump sum.

Benefits Included

Financial and Legal Advice Benefit

This enables 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 (incl. GST). This is a one-off payment across all AIA policies for each life assured.


Bereavement Support

Pays an upfront lump sum of $15,000 (or the first monthly payment or part thereof if you have the Family Protection Benefit) which can be used to pay for funeral costs or any other expenses as needed. This payment will be deducted from the life assured's sum assured.


Parents Grieving Benefit

If the worst should happen to your child and they pass away, we'll help with associated expenses. We will pay you $2,000 for children aged under 10 years and $15,000 for children between 10 and 21 years of age.


Special Events Increase Facility

Enables you to increase the sum assured under your cover following a significant event in your life which results in increasing financial responsibilities. These significant events include: 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.


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.


Premium Conversion Facility

You have the option to convert all or part of your sum assured to a level premium structure without further medical underwriting.


Suspension of Premium Benefit

Enables you to suspend your life insurance should you go on parental leave or on leave without pay for any reason, for up to 12 months. You cannot claim during this time or in the future for any health related conditions that occur during this suspension period.

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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