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AIA
Corporate Solutions


Income Protection Cover

If an employee is unable to work because of illness or injury, it will bring them peace of mind if their finances and family are taken care of.

AIA's Corporate Solutions Income Protection is designed to pay regular monthly income replacement benefits providing your employees with a safeguard that helps manage ongoing financial needs, so that they can focus on recovery and getting back to work.

Built-In Benefits*

  • Total Disability Benefit

    If an employee is totally disabled and unable to work, they will receive monthly benefits paid in advance from the end of the waiting period until they are no longer totally disabled or the benefit period or cover ends.

  • Partial Disability Benefit

    If an employee has been totally disabled but can return to work at a reduced rate, they will receive reduced monthly benefits reflective of their reduction of earnings, paid in arrears until they are no longer partially disabled or the benefit period or cover ends.

  • Partial Disability Bridging Benefit

    If an employee moves from a total to partial disability benefit, this benefit pays a lump sum to cover costs during the transition. They'll be entitled to a third of their last monthly total disability benefit.

  • Recurrent Disability Benefit

    The waiting period may be waived if an employee becomes disabled again and it is caused by the same illness or a related injury.

  • Retraining and Rehabilitation Expenses

    AIA will reimburse approved rehabilitation, retraining, and support expenses up to a maximum of 6 monthly benefit payments to assist the employee in returning to work or improving their capacity to work.

  • Waiver of Premium

    While an employee is receiving either a total disability or partial disability benefit, AIA will waive any associated premium payments.

  • AIA 360 Care

    A personalised end to end claims experience that provides support, guidance, and rehabilitation when an employee needs it most. AIA 360 Care is currently available to eligible income protection claimants and is offered free of charge

*Certain conditions must be satisfied for built-in benefits.

Businesses can provide employees with Income Protection Cover choosing from the following options:
Waiting Period
The length of time between an employee becoming disabled and when they start receiving benefit payments
30, 60, 90, 120 Days
Benefit Period
The length of time for which an employee could receive the benefit payments
1, 2 or 5 years, to age 65 or to age 70**
Disability Definition
A specific definition of disability that an employee must meet in order to qualify for benefits
Own Occupation or Own Occupation for first 2 years
Cessation Age**
The age when an employee is no longer entitled to benefit payments
65 or 70 years
**Please note a benefit period to age 70 requires additional approval.

Optional add-ons

Continuation Option

If an employee is under 70 years of age (or the plan’s cessation age if lower), they can apply to transfer some or all of their cover into an equivalent retail policy without medical evidence if: 

  1. they cease employment; or
  2. they are no longer eligible for cover under the plan; or
  3. their benefit is reduced or cancelled; or
  4. the plan is cancelled

Additionally they may be provided with continued cover during the application period.

Enhanced Continuation Option

In addition to the above you may enhance the Continuation Option by allowing employees to continue their Income Protection cover if they have had a previous claim or are currently on claim.

Conditions apply