Member Benefits
Learn more about the range of benefits available to AIA Health Insurance members.
We’re here to help protect your family, your lifestyle and your future.
For Individuals
For Business
Helps protect your loved ones if you are diagnosed with a terminal illness or pass away.
A lump sum benefit if you can’t work due to injury or illness
Helps ease the financial burden should you suffer a traumatic event.
Can provide you with a monthly income if you become disabled due to injury or illness.
Plan for a more comfortable tomorrow.
AIA Vitality is a personalised, science-backed health and wellbeing program that supports you every day to make healthier lifestyle choices.
The AIA Vitality Content Hub is your go to for science-backed, health and wellbeing inspiration and advice.
We strive to assist you for all your inquiries with high touch customer service.
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{{label}}Safeguarding your financial security, should you
ever find yourself unable to work due to illness
or injury.
Being able to work and receive a salary means that you are your greatest asset. Your salary enables you to purchase your home, pay your bills and support you and your family’s lifestyle. Losing the ability to work unexpectedly due to injury or illness can be incredibly stressful. And without an income it may become challenging to meet your financial commitments and the day-to-day needs of your family that your salary usually covers.
One way to help safeguard your income is by choosing Income Protection CORE cover with AIA Australia.
Should you be unable to work, your cover will replace up to 70% of your income for a period of your choosing, leaving you free to focus on the most important thing – your health and recovery.
Below is a snapshot of Income Protection CORE cover and the options available to you. For the full terms and conditions refer to the Product Disclosure Statement and Incorporated by Reference information.
AIA Australia has prepared a Target Market Determination which describes the class of consumers that comprise the target market for this product. The Target Market Determination can be sourced at aia.com.au/tmds.
You can buy Income Protection CORE cover through a financial adviser who can help you determine if Income Protection CORE is suitable to your needs.
If you don’t have an existing relationship with a financial adviser, we can help you find an adviser nearby to get in contact with you.
You can tailor your Income Protection CORE cover to best meet your lifestyle needs, including:
The cost of your insurance – known as your premium – will vary depending on the Monthly Benefit, Benefit Period and Waiting Period you choose.
AIA Australia will also consider other risk factors to determine your premium. These include your age, gender, smoker status, occupation and current health.
PREMIUM TYPES
STEPPED:
Your premiums payable will increase at each policy anniversary, based on the current premium rate applicable for your age.
LEVEL:
Your premiums will be based on the current premium rate applicable for your age at the start of your policy, and will remain the same until the policy anniversary prior to your 65th or 70th birthday, at which time your premiums payable will convert to Stepped until the expiry of your policy. Level premiums are generally more expensive than Stepped in the early years, but become cheaper than Stepped in later years.
OPTIMUM:
Your premiums will be Stepped at the start of your policy and will automatically convert to Level at the policy anniversary where your Stepped premium amount would be greater than your equivalent Level premium amount. Optimum premiums give you the benefit of having a cheaper premium in the early years and then stabilising to level at a later date.
Once converted to Level your premium will remain Level until the policy anniversary prior to your 65th birthday, at which time your premium payable will convert to Stepped until the expiry of your policy.
Optimum policies include a premium loading at commencement of the policy, through to the policy anniversary prior to your 65th birthday or the expiry date of your benefit (whichever occurs earlier).
OWNERSHIP
Your Income Protection CORE policy can be set up in different ways, depending on how you would like to structure your insurance.
Ownership is something that should be carefully considered and discussed with a financial adviser. They will be able to explain any tax or estate planning implications for each ownership structure, as well as how legislation could impact how a claim is paid.
MAXIMUM MONTHLY BENEFIT BASED ON OCCUPATION CATEGORY
Occupation Category |
Typical Characteristics |
A1 |
|
A2 |
|
M |
|
A3 |
|
A4 |
|
B1 |
|
B2 |
|
C1 |
|
C2 |
|
D |
|
E |
Income Protection CORE cover is not available to Occupation Category E |
BENEFIT PERIODS
To Age 65, offering choice of;
WAITING PERIODS
CLAIM ESCALATION
Choose to have your claim payments increased each year while continuously on claim, in line with the Consumer Price Index (CPI). This can help ensure your payments continue to meet your financial needs should you be unfortunate enough to stay on claim long-term.
RETIREMENT PROTECTOR
Choose to have a monthly benefit paid to a nominated Superannuation Fund in addition to Total or Partial Disablement Benefits paid under your Income Protection CORE cover. This can help you to replace or complement any previous retirement planning that has been compromised by you being unable to work due to illness or injury.
Your Income Protection CORE cover is loaded with valuable benefits - providing you with great value and enhanced protection.
Your Sum Insured can automatically be increased each year to keep up with the cost of living (based on the Consumer Price Index).
Your Income Protection CORE premiums will be waived while you are on claim.
Waives your Income Protection CORE premiums for up to three months if you meet the definition for Involuntary Unemployment (provided only once in any 12-month period).
Allows you to increase your insured Monthly Benefit by 15%, up to a maximum of $2,500, when your salary increases, without providing further evidence of your health or insurability.
Reimburses or covers the costs of your participation in a pre-approved rehabilitation program (up to a maximum of 12 times your Insured Monthly Benefit).
You can receive a monthly benefit payment of up to $10,000 outside superannuation for up to six months, if you become Totally Disabled due to an Accidental Injury while we are assessing your application.
Pays a benefit if your earnings are reduced due to you being accidentally infected with HIV, AIDS or Hepatitis B or C because of a needlestick or splash injury while performing the duties of your normal occupation.
Several of the benefits are provided through a Complimentary Income Protection CORE Extras policy, which is provided to you if you have an Income Protection CORE policy.
Please consider these eligibility requirements when choosing Income Protection CORE cover with AIA Australia.
Choosing to hold your cover with AIA Australia, not only means you’re protected by one of Australia’s largest insurers, but you also get to access great benefits that help you stay healthy and support your recovery if you become sick or injured.
Medix is a global healthcare management company that provides world-class support to those dealing with a medical condition. Should you ever receive a diagnosis of an eligible medical condition, the road ahead may be long and complex.
Medix will be there to support you, appointing a locally based Medix Dedicated Doctor to review your original diagnosis and treatment, in consultation with leading specialists. And by holding Income Protection CORE cover you get free access to their services.
You can receive quality local support and guidance from the Medix team, even if you haven’t submitted a claim.
Getting back to work is a vital part of recovery that can benefit your health and wellbeing in many ways. This is the same whether your injury or illness is physical or psychological.
Working collaboratively with you and your supporting medical professionals, our experienced rehabilitation team delivers a wide range of support services all designed to return you back to wellness, back to work and back to life.
AIA Vitality is a personalised, science-backed health and wellbeing program that supports members to take a small step towards a healthier life.
Attach AIA Vitality to your Income Protection CORE cover to receive an initial 7.5% discount on your premiums. Even better, if you engage with the program and achieve Platinum Status, you can increase your discount by 1% at each policy anniversary, up to a maximum of 20% off.
Take the next step in protecting your financial future by contacting a financial adviser.
My husband and I were looking to see how we could set ourselves up for our retirement and our financial adviser recommended we take out Income protection with AIA.
When I received a diagnosis of breast cancer, we were absolutely devastated. AIA was just amazing and so kind. The payments we received made a huge difference financially.
Ingrid
I was riding my motorbike home when my front wheel locked up. Then the next moment I woke up in hospital.
I decided to go with AIA for Income Protection cover when I purchased my house. And I couldn’t have asked for a better company to support me when I needed it. AIA were sensational. Without my monthly payments I could have lost my house.
Adam