Income Protection Insurance

Help protect your clients' biggest asset - their income

Your clients' ability to earn can be their biggest asset. If an illness or injury prevents them from working, they'll want to know their finances and family are taken care of, so they can focus on recovery and getting back to work.

At AIA our Income Protection insurance goes beyond the monthly payments. As well as helping to replace your clients' income our experienced team work with them to get them back to living their life.

Our income protection insurance options

We have two types of income protection insurance for personal customers, and you'll find three more options for our business and rural customers under that section.

AIA Living Income Protection

If your client is unable to work because of illness or injury, this provides a monthly payment to replace a portion of their income. There are three types of cover options: Agreed Value, Indemnity, Loss of Earnings.

AIA Living Mortgage and Income Protection

If your client is unable to work because of illness or injury, this provides monthly payments to help cover a proportion of their mortgage or rent payments, or a portion of their income.

Key benefits for your clients

Return to Work Support

Access to partial and bridging payments as they return to full time work
Rehabilitation Help

We will work closely with your client to consider what rehabilitation or functional support could assist their recovery further
Childcare Support

Reimbursed for additional child care costs for children under 14 years old
Future Proof Products

Access to our Enhancement Pass Back Benefit. Any improvements we make to our AIA products in the future are automatically applied to your client's policy, offering them even more at claim time.
Suspension of Cover Benefit

AIA provide the flexibility to suspend your clients' cover for up to 12 months, without medical evidence if you meet the following conditions:
- Take parental leave
- Take leave without pay for any reason
- Get made redundant
- Become unemployed
- Experience at least a 20% reduction in pay
- If self-employed, experience a 30% reduction in revenue
No benefits will be payable for any claim event which occurs during this suspension period.

Optional add-onsEXPAND +

Premier Cover

Your clients' choice of three additional benefits - Extra Cash Benefit, Permanent Disablement Benefit, and the Bereavement Grant. (Only available with Income Protection)

Redundancy Cover

If your client is made redundant, they will be covered with monthly payments for up to six months.

Retirement Protection

If your client is unable to work due to illness or injury and is being paid a Total Disability Benefit under an AIA personal disability income policy, AIA will pay their KiwiSaver contribution direct to Inland Revenue. This ensures that their saving for retirement continues even when on a total disability income claim. It is an agreed value benefit and provides the option to choose 3% or 4% of the annual base salary. The benefit is available to salaried customers between the ages of 16 and 55/60 depending on occupation class.

Mental Health Limitation

This benefit will reduce your clients' premiums but means if they make a claim for mental health, they will only receive payments for 2 years throughout the life of their policy. This option is only available if they choose a benefit period to age 65 or 70.

Claim Indexation Benefit

Your clients' sum assured will increase every year by the same percentage as the New Zealand Consumer Price Index (CPI). This helps us stay in line with inflation.

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