AIA Australia Limited
AIA Australia Limited is part of AIA Group, the largest independent publicly listed pan-Asian life insurance group with presence in 18 markets across Asia-Pacific. Serving more than 3.1 million Australians, AIA paid over $2.6 billion in Retail, Group and Direct insurance policy claims in 2024.
About AIA Australia Limited
Company Overview
AIA Australia Limited is part of AIA Group, the largest independent publicly listed pan-Asian life insurance group with presence in 18 markets across Asia-Pacific. Serving more than 3.1 million Australians, AIA paid over $2.6 billion in Retail, Group and Direct insurance policy claims in 2024.
Heritage: 50 years of experience in Australia
Customers: More than 3.1 million Australians
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Life, TPD, Trauma & more
28+
Supported professions
Over $2.6 billion in Retail, Group and Direct insurance policy claims
Industry Commitment
Adopted the Life Insurance Code of Practice (cali.org.au)
Product Offerings
No products available for this provider.
Key Features Included
These valuable features come standard with AIA Australia Limited policies at no extra cost.
Worldwide Cover
Your protection follows you anywhere in the world, no matter where you live or travel.
Death benefit
Terminal Illness
Early payout if diagnosed with a terminal illness with less than 12 months to live.
Final Expenses (10% up to $25,000)
Conversion option
Guaranteed Future Insurability
Premium Freeze
Premium and Cover Pause Benefit
Financial Planning Reimbursement ($5,000)
Complimentary Interim Accidental Death Cover
Counselling Benefit ($200/session up to $1,200)
Crisis Events covered
Financial Planning Reimbursement
Counselling Benefit
Complimentary Interim Accidental Crisis Recovery Cover
Total Disablement
Recurrent Disablement
Premium Waiver
Stop paying premiums if you become totally disabled while keeping your full cover.
Elective Surgery
Complimentary Interim Accidental Income Protection Cover
Salary Increase Benefit
No Extra Cost
All features included in your base premium
Automatic Protection
Features activate automatically when needed
Family Benefits
Many features extend protection to dependents
Optional Rider Benefits
Enhance your AIA Australia Limited policy with these optional add-ons for additional protection.
TPD Buy-back
Automatically reinstates Life Cover Sum Insured after TPD claim payment (12 months after claim)
Available: Ordinary Plan, Linked Benefit, Superannuation Plan
Double TPD
Pays TPD benefit without reducing Life Cover Sum Insured and waives Life Cover premiums
Includes:
- ✓No reduction of Life Cover Sum Insured
- ✓Waiver of Life Cover Premium
- ✓Partial and Permanent Disablement (25% up to $750,000)
- +3 more features
Available: Ordinary Plan, Linked Benefit, Superannuation Plan
Double Universal TPD
Pays Universal TPD without reducing Life Cover and waives premiums
Available: Ordinary Plan, Linked Benefit, Superannuation Plan
Life Cover Purchase
Automatically purchases Life Cover equal to TPD or Crisis Recovery Sum Insured after claim
Crisis Extension
Extends Crisis Recovery to cover additional medical conditions
Crisis Recovery Buy-back
Reinstates Crisis Recovery Sum Insured after full claim payment
Crisis Reinstatement
Reinstates Crisis Recovery Sum Insured after partial payment (up to 120% of original)
Double Crisis Recovery
Pays Crisis Recovery without reducing Life Cover Sum Insured
Family Protection
Provides cover for death or Terminal Illness of spouse/children
Needlestick Injury
Covers accidental HIV, AIDS, Hepatitis B or C infection from needlestick/splash injury
Forward Underwriting
Allows future increases in cover without medical evidence
Business Safeguard Forward Underwriting
Forward underwriting for business-related insurance needs
Day 1 Accident
Pays benefit from day 1 for accident-related disability (no waiting period)
Available: Business Expenses, Income Protection
Claim Escalation
Increases monthly benefit by 20% after 12 months on claim
Available: Income Protection CORE, Income Protection
Retirement Protector
Pays employer superannuation contributions during disability claim
Available: Income Protection CORE, Income Protection
Repayment Relief
Assists with home loan repayments during disability
Note: Rider benefits may have different eligibility requirements, age limits, and premiums. Speak with a licensed adviser to determine which riders are right for your situation.
Important Exclusions & Limitations
These are situations where AIA Australia Limited may not pay a claim. Read these carefully before applying.
General Exclusions
- •Intentional self-inflicted injury or suicide (13 months for Life Cover increases)
- •Participation in criminal activity or resulting from incarceration
- •Engaging in armed forces service (after cover commencement)
- •Normal pregnancy, uncomplicated childbirth or miscarriage (Income Protection/Business Expenses)
- •Pre-existing conditions (unless disclosed and accepted)
TPD Limitations
- •Not payable if Terminal Illness claim in progress or paid
- •Not payable if death occurs within 14 days of disabling injury/sickness
Income Protection Offsets
Your benefit may be reduced by income from:
- •Sick pay from employer
- •Income/profits from current or former business
- •Social Security payments or government grants
- •Workers compensation or motor vehicle claim payments
- •Other income replacement insurance payments
Important: This is a summary only. Full exclusions and limitations are detailed in the Product Disclosure Statement (PDS). Always read the PDS before making a decision.
Occupation Coverage
This insurer covers most occupations in Australia. Your premium depends on your job's physical requirements and workplace risk.
Office & Professional
Lowest premiums
Accountants, managers, teachers, IT professionals, engineers, doctors
Healthcare & Allied Health
Moderate premiums
Nurses, physiotherapists, paramedics, aged care workers
Trades & Skilled Workers
Higher premiums
Electricians, plumbers, carpenters, mechanics, builders
Manual & Physical Work
Highest premiums
Labourers, concreters, scaffolders, factory workers
Your actual premium depends on your specific job duties - get a free quote to see your rate. Most occupations are accepted, but some high-risk jobs may have restrictions.
Documents & Resources
AIA Priority Protection Product Disclosure Statement
Comprehensive guide to AIA Australia Limited products, features, and terms.
Effective: 9 November 2025
Download PDFTarget Market Determination
Details about the target market for AIA Australia Limited products.
Visit WebsiteImportant: These documents are provided for informational purposes only. Always read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making a decision. Consider whether the product is appropriate for your needs.
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Important Information: This information is general in nature and does not take into account your objectives, financial situation or needs. You should consider whether the information is suitable for you and your personal circumstances. Before making a decision, please read the relevant Product Disclosure Statement (PDS) and Target Market Determination (TMD) available above.
Insurance advice is provided by licensed insurance advisers. IMFL is an insurance brokerage authorized to provide general advice on life insurance products. We compare products from multiple insurers to help you find suitable coverage.
Information on this page is accurate as of the date shown and is subject to change. Always refer to the provider's official documentation for the most current information.