AIA Insurance Australia Total and Permanent Disablement Policy and Benefits

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Total and Permanent Disablement Policy is the most important policy to take from AIA insurance,Australia.This policy will cater for medical expenses as well as funds for upkeep, which are required when you are unable to work.

What Total and Permanent Disability Policy is all about

Have you considered how you’ll replace lost income, or cover the expenses of lifestyle adjustments, if you were to ever suffer a serious injury or sickness? This could change your lifestyle completely.

Total and Permanent Disablement (TPD) cover can make sure your lifestyle is covered if an unpredictable event happens.

Ages the Policy covers

This policy cover individuals of the ages between 16 years and 70 years. These are ages when an individual is active.

Benefits of Total and Permanent Disability Policy

  • TPD BENEFIT

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

    • are unable to work or
    • are unable to perform domestic duties or
    • suffer total or partial disablement that prevents you from performing a number of every day activities.
  • PARTIAL AND PERMANENT DISABLEMENT

Provides you with a lump sum benefit equal to the lesser of $750,000 or 25% of your sum insured, should you suffer the permanent loss or use of one arm, one leg or sight in one eye.

  • 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.

TPD BUYBACK

Where life cover has been purchased in addition with TPD cover, you have the option to re-purchase your life cover sum insured that has been reduced from a TPD claim payment.

FORWARD UNDERWRITING

When certain life events occur, you can increase or purchase new cover without having to provide further evidence of health.

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