Entry age
(next birthday)*

16 years

Expiry age
(policy anniversary prior to)

70 years

You can buy this via a Financial Adviser or get a quote from AIA Financial Wellbeing

What is this product about?

Significant events such as accident, heart attack, stroke or cancer can happen to anyone. It's an emotional time and can often be a financial struggle when a family member is diagnosed with a life threatening or debilitating health condition - the last thing you want to worry about is paying the bills.

Crisis Recovery helps ease the financial burden should you be unfortunate enough to suffer a traumatic event.

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.

Crisis recovery eligibility

Entry age (next birthday)*

16 - 64

Expiry age (policy anniversary prior to age)

70

*minimum entry age will depend on the premium type selected for the insurance benefit purchased.

Share

1 in 2 men, and 1 in 3 women, will be diagnosed with cancer before the age of

85

Years

At least two in three Australians will be diagnosed with skin cancer by the age of

70

Years

Cardiovascular disease kills 1 Australian every

12

Minutes

Almost 3,300 men

die each year of prostate cancer and around 20,000 new cases are diagnosed every year

On average, seven women

die from breast cancer every day in Australia

1.4 million people

are prevented from living a full life because of cardiovascular disease

Doug's Story

Doug ensured his family’s expenses were taken care of, allowing him to focus on getting better.

Doug has been working as an accountant for the past eight years in Brisbane where he lives with his wife and three kids. Unfortunately for Doug and his family, he was recently diagnosed with bowel cancer. Doug had to undergo extensive chemotherapy, and so was unable to work for six months. As well as dealing with the emotional stress of being diagnosed with cancer, Doug also had to consider how he would pay for their mortgage, the kid’s school fees and other bills without his income.

Fortunately, their financial adviser had recommended that both Doug and his wife take out Crisis Recovery cover in addition to their Life cover. When Doug received the news from his doctor, he called his adviser immediately who submitted a claim to AIA Australia. After his claim was assessed, Doug received a lump sum payment of $250,000. This enabled Doug to ensure his family’s expenses were taken care of, allowing him to focus all his energies on getting better instead of worrying about financial concerns.

_{* This is an example only to illustrate the potential benefit of taking out Crisis Recovery, and should not be relied upon as indicative of benefits payable under the Crisis Recovery benefit.}

What does this provide?

Crisis Recovery Benefit

Provides a lump sum equal to your sum insured should you experience a health event or are diagnosed with a serious illness.

Premium Freeze

Gives you the flexibility to keep your premium the same each year by reducing your sum insured.

Financial Planning Reimbursement

Covers any financial advice costs up to $3,000 to assist with managing or investing your claim payment for death or terminal illness.

Complimentary Family Protection

Provides a lump sum benefit of $20,000 should one of your dependant children experience a health event or be diagnosed with a serious illness.

Insurance lingo explained

This is the amount you are covered for. This is stated on your policy schedule.

This is a single, large claim payment.

Health events covered are:
- Cancer events (e.g. skin cancer)
- Coronary events (e.g. heart attack)
- Other serious crisis events (e.g. major head trauma)

Do You Want Additional Peace Of Mind?

Additional options are available for you to customise your cover to make sure it suits your individual needs.

Crisis Recovery Buy-back

Allows you to re-purchase the Life Cover sum insured that is reduced after payment of your full Crisis Recovery benefit.

Crisis Reinstatement

Allows you to re- purchase the Crisis Recovery sum insured that is reduced after a full payment of your Crisis Recovery benefit. This may allow you to make an additional claim on your Crisis Recovery benefit.

Forward Underwriting

When certain life events occur, you can increase or purchase new cover without having to provide further evidence of health.

Family Protection

Gives you the option to purchase additional cover of up to $200,000, should one of your dependant children experience a health event or be diagnosed with a terminal illness.

Customize your cover

Double Crisis Recovery

Where a Double Crisis Recovery benefit is paid, the life cover sum insured will not be reduced and your life cover premiums will be waived up until the policy anniversary before the expiry age.

Crisis Recovery