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Life Insurance

This is one of the most simple but important types of insurance your clients can have. It protects their loved one's futures by providing them with a lump sum payment if they pass away, or are diagnosed with a terminal illness.

Our life insurance options

AIA Living Life Cover

This life insurance provides a lump sum to the policy owner should the life assured die or be diagnosed with a terminal illness with a life expectancy of 12 months or less.

This can be taken out for Personal or Business purposes.

AIA Living Family Protection

Designed to minimise the impact on lifestyle on a family after the death of the life assured through a monthly payment to the family, rather than a lump sum.

AIA Living Accidental Death

A very basic type of life insurance that comes at a lower cost, and provides a lump sum should your client die as a result of an accident.

Key benefits for your clients

  • Immediate Payment

    An upfront payment of up to $25,000 to cover immediate expenses such as funeral costs

  • Flexibility

    Ability to increase the sum assured following a significant event in their life

  • Repatriation

    Financial support up to $20,000 to assist with the returning of your body back to New Zealand or to your home country

  • Early Payment

    Access to an early payment if they're diagnosed as terminally ill

  • AIA Vitality

    Access to AIA Vitality, our science-backed health and wellbeing program

  • 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 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.


Life Insurance

At a glance

Please note the following tables are a guide only. Please refer to our brochures and policy wordings for further information.
Eligible ages minimum

10
Eligible ages maximum

70
Eligible occupations

All*
Term of cover / Benefit expiry

No expiry
Benefit type

Lump sum
Benefit period

N/A
Premium type

Rate for age

10 years

To age 65

To age 80
Premium rate guarantee

1 year (Rate for Age) or

To end of level term
Maximum sum assured

No maximum
The information on this page is provided as a sales support tool to be used in conjunction with the appropriate policy wording. * However hazardous occupations are uninsurable or require different terms. To confirm eligibility please contact an AIA underwriter.
Eligible ages minimum

16
Eligible ages maximum

70
Eligible occupations

All*
Term of cover / Benefit expiry

No expiry
Benefit type

Lump sum
Benefit period

N/A
Premium type

Rate for age

10 years

To age 65

To age 85
Premium rate guarantee

1 year (Rate for age) or

To end of level term
Maximum sumassured

No maximum
The information on this page is provided as a sales support tool to be used in conjunction with the appropriate policy wording. * However hazardous occupations are uninsurable or require different terms. To confirm eligibility please contact an AIA underwriter.
Eligible agesminimum

10
Eligible ages maximum

70
Eligible occupations

All*
Term of cover / Benefit expiry

As nominated
Benefit type

Monthly payment
Benefit period

Fixed term: 5-30 years or to age: 31-70
Premium type

Rate for age

10 years

To age 65
Premium rate guarantee

1 year (Rate for age) or

To end of level term
Maximum Sum Assured

No Maximum
The information on this page is provided as a sales support tool to be used in conjunction with the appropriate policy wording. * However hazardous occupations are uninsurable or require different terms. To confirm eligibility please contact an AIA underwriter.
Eligible ages minimum

16
Eligible ages maximum

60
Eligible occupations

All*
Term of cover / Benefit expiry

To age 65
Benefit type

Lump sum
Benefit period

N/A
Premiumtype

Rate for age

10 years
Premiumr rate guarantee

1 year (Rate for age) or

To end of level term
Maximum sum assured

$500,000
The information on this page is provided as a sales support tool to be used in conjunction with the appropriate policy wording. * However hazardous occupations are uninsurable or require different terms. To confirm eligibility please contact an AIA underwriter.