Permanent Disability Insurance

Total Permanent Disablement Benefit

Receive a lump sum benefit payment if you become totally incapacitated through illness or injury, and you are considered unlikely to ever be able to resume work.

Receive a partial permanent disablement benefit of 25% of your total permanent disablement benefit up to a maximum of $100,000, if you suffer a partial permanent disability as detailed in the policy.

Financial and Legal Advice Benefit

After you receive a claim payment, get reimbursed for up to $2,500 (including GST) for financial planning fees paid to an accredited adviser or for legal advice from a legal professional approved by AIA.

Assistance Benefit

Receive reimbursement of up to $15,000 (including GST) to cover the cost of purchasing specialist equipment, completing home alterations or modifications to your vehicle which are necessary as a result of the illness or accident leading to a claim.

Counselling Benefit

Get reimbursed for up to $2,500 (including GST) for the cost of a psychiatrist or psychologist consultation and/or counselling where the support treatments and/or consultations directly relate to a claim under the Total Permanent Disablement Benefit.

Special Events Increase Facility

You can increase the amount of cover under your policy following certain life events, without any medical questions, examinations or tests. A premium will be applied to the additional cover.

Future Insurability Benefit

Increase your Total Permanent Disablement Benefit by up to 20% (subject to a maximum increase of $200,000) at every third policy anniversary without the need to provide further medical evidence.

Suspension of Cover Benefit

Flexibility to suspend your cover for up to 12 months if you:

• Go on parental leave;
• Go on leave without pay for any reason;
• Become unemployed or redundant;
• Experience a reduction in pay of 20% or more (comparing the most recent payslip against a previous payslip from the same year); or
• Are self-employed and experience a reduction in revenue of 30% or more (by comparing one month’s revenue against the same month for the previous year).

No premium will be payable during the period that cover is suspended. No claim will be payable for any claim event that occurs during the period that cover is suspended.

Premium Conversion Facility

At any time before age 65, you can convert all or part of your Total Permanent Disablement Benefit from a Rate for Age premium structure to a Level premium structure without needing to produce further medical evidence.