Pay yearly

You may be able to lower your premium by up to 8% by changing from monthly to yearly payments.

What you need to know

  • You can choose to pay your premiums monthly, half-yearly, or yearly.
  • Paying monthly or half-yearly can make payments easier to manage by spreading them out.
  • Paying yearly might reduce the total amount you pay by up to 8%.
  • You can choose the payment option that suits your needs and gives you a good balance between flexibility and savings.

  • After you ask to change your payment frequency, we’ll send you a letter within seven business days confirming the new premium.

What happens next

More complex needs?

You should also speak to a financial adviser if, for example:
 
  • You hold a policy through a Self-Managed Super Fund (SMSF),
  • You have a policy owned by a company, or
  • You have more than one person insured under the same policy.
If you don’t have a financial adviser, you can follow the link below to find one.

Take control of your insurance

Stop automatic increases

You can choose to stop your cover from going up each year with inflation and save up to 5%.

 

Learn more >

Lock in your premium

Keep your premium the same, by reducing your cover amount each year.

 

Learn more >

Quit smoking

Tell us if you have quit smoking for 12 months and you could save up to 50%.

 

Learn more >

Join AIA Vitality

Join our health and wellbeing program and save on your premiums.

 

Learn more >

Change your TPD option

Switch from Total and Permanent Disablement cover with an “Own Occupation” definition to TPD with a narrower “Any Occupation” definition and save up to 45%.

Learn more >

Review your cover

Check if your cover still fits your current lifestyle and needs with the help of a financial adviser.

 

Learn more >

Get health cover

Join AIA Health and save 5% off your AIA Priority Protection insurance premiums.

 

Learn more >

Please note that the savings shown are indicative only and may vary depending on your individual circumstances. Actual savings will depend on a range of factors. For a personalised quote, please speak with your adviser, complete the respective online DocuSign form available at aia.com.au/manage or contact us directly. Make sure you read your PDS and any updates to understand the full details.