If your customer is experiencing affordability challenges, there are options within AIA Australia’s offering that your clients could consider to help reduce the cost of premiums.
Changes to policy
Premium relief options
AIA product options
- Lump sum – 17.5%^
- Income Protection (IP) / Business Expenses – 7.5%
- $11.50 a month GST inclusive,
- $69 per half year GST inclusive, or
If your client needs more immediate, short term relief, there are several premium relief options that AIA Australia can offer your clients:
- As your client will not be required to make any payment during the three-month suspension, as an adviser you will not receive any commission payments during this time.
- After the three-month period is complete, your client’s cover will be automatically reinstated and premium payments will resume. If your client decides to resume their policy before the three-month period is complete, they will be required to submit a Declaration of Good Health.*
AIA Australia also provides various benefits that give your clients flexibility with their cover and future support. These include: