05 December 2017
Melbourne 4 December 2017: AIA Australia, one of Australia’s largest insurers, today announced the ‘Two for Two: The policy and AIA Vitality fees are on us’ campaign: The policy fee for the first two years of new Priority Protection policies will be waived, and (when applicable) the AIA Vitality contribution fee, for the first two AIA Vitality membership years, will also be waived. The campaign offer is available to clients from 4 December when they submit an application for any eligible new business Priority Protection (PP) or Priority Protection for Platform Investors (PPPI) (excl. PP Express) for a limited time.
Pina Sciarrone, Chief Retail Insurance Officer AIA Australia, says this offer will increase the benefits available to advisers’ clients: “AIA is leading the Australian insurance market with its AIA Vitality wellness program and PP/ PPPI life insurance policies. We believe the ‘Two for Two’ offer provides a unique opportunity for clients to gain long-term peace of mind as well as the immediate benefits and rewards from having a healthy lifestyle, when AIA Vitality is attached.”
The AIA Vitality program has been offering clients in Australia incentives and rewards for physical activity and positive health behaviours since 2014.
Sciarrone says: “We’re seeing improved lapse rates on our PP and PPPI policies when clients engage with their insurance daily via the AIA Vitality program. Our statistics show that they are up to 40% less likely to lapse on their life insurance policies when they engage in AIA Vitality.”
“AIA is continually looking for opportunities to demonstrate its support for improving the long-term well-being and health of clients through its adviser networks. That is why we are waiving fees on PP and PPPI policies and AIA Vitality, to ensure advisers can offer more value to their clients.”
The ‘Two for Two’ campaign will apply to eligible new PP and PPPI business applications submitted between 4 December 2017 and 31 March 2018 (excluding existing policy alterations and any cancel and replace applications). By signing up during this time, clients will save at least $82.53 a year for two years on their life policy as well as $120 a year for two years on AIA Vitality (excluding existing AIA Vitality members) if they opt to attach the program to their policy.
Sciarrone says: “AIA understands that when clients embrace the value of life insurance and positive health behaviours at the same time, they go a long way to leading longer, healthier, happier lives whilst protecting their future.”
More information on the ‘Two for Two’ campaign including full terms and conditions can be found here, or you can contact AIA Australia on 1800 033 490.
Contact: Ingrid Nienaber, AIA Australia
T: +613 9009 4143
E: Ingrid.Nienaber@aia.com
About AIA Australia
AIA Australia Limited is an independent life insurance specialist with over 45 years of experience building real and sustainable partnerships. AIA Australia offers a range of products that protect and enhance the lives of nearly three million Australians and is widely recognised as a market leader in product innovation and development.
AIA Australia is the country’s largest group life insurer by market share and works closely with major financial institutions and corporate partners to provide life insurance solutions for their customers. In addition, AIA Australia is the fastest growing provider of retail life insurance products sold through financial advisers. AIA Australia also works with a network of affinity partners that distribute life insurance products. By having a partnership philosophy at the core of its business, AIA Australia is focused on building genuine relationships and delivering real value to its business partners.
In March 2014, AIA Australia introduced ‘Vitality’ – the world’s leading scientifically-backed health and wellness program, to the Australian market. AIA Vitality aims to be the catalyst for real change to the positive health outcomes of Australians.
