AIA Australia Life Cover, Why It’s Important To Take This Cover

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AIA Australia is one of the most popular insurance companies in Australia.The company offers life cover for Australian citizens as well as people from other countries.

About Life Cover Policy

This policy caters for life threatening diseases, injuries and deaths. Priority Protection Life Cover helps protect your loved ones if you are diagnosed with a terminal illness or pass away.

Life cover policy is particularly important when your family has history of diseases like cancer, diabetes and asthma. These diseases can drain you financially, leading to debts. But when you have a life cover, all or most of the expenses will be catered for by AIA insurance.

What AIA Insurance Life Policy Caters For

The life policy offered by the AIA insurance caters for the following:

WHAT DOES THIS PROVIDE?

    DEATH BENEFIT

Provides a lump sum benefit if you pass away.

    TERMINAL ILLNESS

Provides a lump sum benefit if you are diagnosed with a terminal illness.

    FINANCIAL PLANNING REIMBURSEMENT

Covers any financial advice costs up to $3,000 to assist with managing or investing your claim payment for death or terminal illness.

    PREMIUM FREEZE

Gives you the flexibility to keep your premium the same each year by reducing your sum insured.

    COMPLIMENTARY FAMILY FINAL EXPENSES

Provides a lump sum benefit up to $20,000 should one of your dependant children be diagnosed with a terminal illness or pass away.

    GUARANTEED FUTURE INSURABILITY

When certain life events occur, you can increase your sum insured without having to provide further health evidence.

    FINAL EXPENSES

Covers any immediate financial expenses up to $25,000 or 10% of your sum insured if you pass away.

    TOTAL AND PERMANENT DISABLEMENT (TPD)

Provides a lump sum benefit if you become totally and permanently or partially and permanently disabled.

    CRISIS RECOVERY BENEFIT

Provides a lump sum benefit if you experience a health event or are diagnosed with a serious illness

One of the AIA clients explains how the policy helped her:

My husband took AIA life policy 6 years ago. I didn’t know it was useful until he got an accident and died. IA insurance gave me all the benefits. Up to now I am using the benefits to educate my children and also live a comfortable life.

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