AIA Priority Protection Income Protection

AIA’s Priority Protection Income Protection insurance allows you to receive up to 75% of your income, in the form of monthly payments, while recovering from a serious injury or illness.

If you purchase a Priority Protection Income Protection policy you have the option to add ‘IP advantage’ cover, which provides additional benefits including extra insurance of to 60 months’ payments for a list of specific injuries. A further add-on, ‘IP PLUS’, also offers a no claims bonus of an up to 15% increase in the amount of your monthly benefit.
You can also buy cost-effective Income Protection Accident Only cover, which offers limited benefits if you suffer from a serious accident.

Product Features

AIA’s Priority Protection Income Protection cover offers a number of benefits including:

• Complimentary interim cover, with limited benefits, while AIA assesses your claim.
• The option of an agreed or indemnity value policy to suit your needs and financial circumstances.
• The choice of stepped, level or ‘optimum’ premiums (a combination of stepped and level which changes with your age and the time remaining until your policy expires).
• A built-in death benefit of 60 times your monthly benefit, up to $60,000, if you should die while you hold the policy.
• Automatic cover for HIV or AIDS, plus automatic ‘needlestick’ insurance for medical professionals covering needle or splash injuries at work.
• Automatic cover wherever you are in the world.
• Generous treatment of recurring illnesses or injuries, with the waiting period being waived where you have been able to return to work but then suffer from the same or a related disablement with 12 months.
• Help with rehabilitation: if you attend a rehabilitation program which helps you to get back to work, AIA may pay up to 12 times your monthly benefit towards the cost.

For full details of AIA’s Priority Protection life insurance products you can download the Product Disclosure Statement here.