Priority Protection
Priority Protection provides a selection of cover options to cater for a broad range of insurance needs.
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{{label}}24 April 2019
AIA is pleased to announce that we have updated our Casual Worker underwriting guidelines for Income Protection (IP) and Total and Permanent Disability (TPD) benefits.
Casual workers will be eligible for comprehensive IP and TPD benefits if they meet the following requirements of:
‘A minimum of one years’ (previously two years) continuous casual employment, on minimum hours, with the same employer (i.e. no breaks or gaps in work) except for annual leave and public holidays.’*
For more information on the definition of a casual worker, visit fairwork.gov.au.
In addition the following criteria has also been updated:
*This question will be included in the application form.
New | Old | |
---|---|---|
Occupations | A1, A2 (AAA), M(AA), A3, A4(A), B and C | A1, A2 (AAA), M(AA), A3, A4(A) and B categories only |
Minimum Hours | A1, A2 (AAA), M (AA), A3, A4 (A) - 20pw B/C - 25pw |
35pw |
Maximum Entry Age | 55 ANB | 50 ANB |
Waiting Period | 30 days (subject to note below)^ otherwise 90 days | 90 days |
Benefit Period | A1, A2 (AAA), M (AA), A3, A4 (A) -5 years B/C – 2 years |
2 years |
Indemnity Only | Yes | Yes |
Rider Benefits | Only Claims Escalation | Only Claims Escalation |
WFH | Not more than 20%pw | Not more than 20%pw |
Maximum Benefit | $7,500pm | $6,250pm |
^Note: Minimum 2 years’, ongoing continuous casual employment (on a casual agreement), on Minimum Hours, with the same employer (i.e. no breaks or gaps in work) except for annual leave/public holidays. This question will be included in the application form.
New | Old | |
---|---|---|
Occupations | A1, A2 (AAA), M (AA), A3, A4 (A), B and C | A1, A2 (AAA), M (AA), A3, A4 (A) and B categories only |
Minimum Hours | 15pw | 35pw |
Maximum Entry Age | 55 ANB | 50 ANB |
TPD Definition | Any | Any |
Maximum Benefit | $2 million | $1 million |
If you have any further questions, or queries please contact you AIA Client Development Manager or Associate.