Recommend with confidence

Priority Protection update

Including TPD CORE

As the industry faces ongoing sustainability challenges, AIA Australia is evolving to meet the needs of advisers and clients today and into the future.

Following sustained claims pressures across the market, we've taken decisive action to build a stronger and more sustainable proposition. From 31 August 2026, we're introducing TPD CORE, alongside a range of updates, designed to deliver greater certainty, long-term value and confidence for advisers.

It's our commitment to helping you protect more clients, while helping more Australians live healthier, longer, better lives.

What's new

TPD CORE

General product updates

Coming soon - Inforce Quote Tool

TPD CORE

Introducing TPD CORE – our Total and Permanent Disablement (TPD) cover, Designed for today, balancing affordability, sustainability and meaningful protection for today's clients.

TPD CORE offers a comprehensive alternative to traditional TPD insurance at a competitive price point. It gives advisers greater confidence and flexibility to tailor protection strategies, helping clients access cover that aligns with their needs, priorities and budget. TPD CORE can help more clients secure valuable financial protection.

Key benefits

Save up to 30% on premiums compared to traditional TPD cover*

Five year rate guarantee for TPD CORE

Lump sum payment

Clear claim assessment criteria

Greater certainty for clients and advisers

Designed to support long-term sustainability

*Savings of up to 30% are based on a comparison between a new client applying for TPD CORE Own Occupation cover with a sum insured above $1.5 million and traditional TPD Own Occupation cover.

Protect your clients with confidence

To strengthen the TPD CORE offer, we've included a range of enhancements and benefits designed to help you recommend AIA Australia with confidence. These include:

TPD CORE 5-year rate guarantee – similar to our Income Protection CORE 5-year rate guarantee^, which has remained free from rate increases due to repricing since its inception, providing clients with greater pricing certainty.

Premiums may still change during the guarantee period as a result of factors such as changes to age, policy fee increases, government charges, discounts, benefit changes, or a change in premium frequency.
30-day cooling-off period – provides existing clients with additional flexibility and peace of mind when reviewing changes to their cover, with the reassurance they can change their mind if needed.
Lump sum payment - provides clients with greater certainty and financial flexibility through a single lump sum payment, rather than receiving claim payments in instalments that require ongoing annual reassessment.
Greater clarity at claim - for mental health and other complex conditions known as specified conditions, we’re introducing clearer assessment criteria, including recognised assessment frameworks, to provide greater transparency around how severity, permanence and functional impact are assessed.

Ready to see how TPD CORE complements your protection advice and benefits your clients? Read more and get started today.

^IP CORE 5-year rate guarantee applies to 2 and 5 year benefit periods and policies with a Variable premium type.

General product updates

To help you prepare for upcoming changes, we've summarised the key updates below. For detailed information, view the Product Summary.

Tackling the over-insurance problem

While underinsurance remains a key concern, over-insurance has also become an issue that needs to be addressed. As a result, we're making the following changes:

Reducing CPI indexation for new business policies to the lesser of 3% or CPI. Previously, this was the greater of 5% or CPI.
_{Note: TPD CORE will not include the Indexation option}
Reducing the maximum TPD Any Occupation sum insured limit to $3 million for new business policies.
Making it easier to opt out of automatic indexation ongoing. Prior to 30 August, clients could only remove indexation for a 12-month period at a time. This change allows clients to permanently opt out of having indexation automatically applied to their policy. They can opt back in at any time with no underwriting.

Improved rates and removal of the Policy Fee for new business

We're enhancing our pricing competitiveness for clients seeking life insurance cover. These solutions are designed to deliver value across a range of protection needs, making it easier to meet client objectives while balancing affordability and cover requirements.

The improved changes to new business rates include:

Competitive Life Cover across a broad range of cover levels.
Competitive IP and TPD rates for female clients.
Improvements to standalone Life Cover and Income Protection options.
TPD CORE for both Any Occupation and Own Occupation structures
Improved competitiveness in some traditional TPD cover pricing for clients requiring up to $1.5 million in cover.
Competitive Income Protection options with a 90-day waiting period, 2 or 5-year benefit period, and no claims escalation.

From 1 October 2026, policy fees for existing business will increase to:

Monthly – $9.90
Half-yearly – $57.76
Yearly – $110.02

Change of policy ownership approval

We've updated our policy wording to clarify that we reserve the right to approve changes of policy ownership. This update is not expected to impact most ownership transfer requests. In cases where a request cannot be approved, we will work with the client to explore alternative options.

Benefit updates

We've updated several benefits, including:

Updating the TPD Own Occupation definition.
Increasing time and flexibility to apply for Guaranteed Future Insurability (GFI) and Business Safe Guard
Simplifying the GFI event types, providing clients with new opportunities to increase cover following eligible life events.
Updating the Business Safeguard Forward Underwriting terms.
Removing Forward Underwriting (Personal) and Accidental TPD benefits
Enhancing Family and Domestic Violence support to ensure compliance with the CALI Family and Domestic Violence Guidelines.
Removing references to genetic testing in line with the Genetics Bill, which received Royal Assent and takes effect from 8 October 2026.

Coming soon - New Inforce Quote Tool (IQT)

We understand that clients' situations evolve. As an adviser, you need greater ability to reassess your clients and their needs.

Our new Inforce Quote Tool you quickly reassess existing insurance arrangements, compare alternative cover options, and identify solutions that better align with your clients' needs and budget.

IQT can help with conversations including: