AIA Crisis Recovery Plan

The Crisis Recovery benefit from AIA will pay a lump sum to the policy holder if they are diagnosed with one or more covered illness.

If a policy holder is diagnosed with one or more covered illnesses, AIA will pay out a lump sum benefit to them. This benefit provides cover for the following:

• Cancer Events
• Coronary Events
• Other Serious Crisis Events

These plans may be purchased either as a standalone benefit or as a rider benefit under a policy holder’s life cover benefit. If purchased as a life cover rider, the sum insured for the crisis recovery plan may not be more than the sum insured on the life cover benefit.

The crisis recovery plan offers additional built-in benefits including:

• Premium Freeze. If the policy holder is age 35 or older at the policy’s anniversary, they may select to pay in a policy year and in all subsequent policy years, the same premium as they paid for the previous policy year.
• Death Cover. If the insured chooses the crisis recovery stand alone benefit, AIA will pay their nominated beneficiary up to $5,000 if the policy holder dies.
• Benefit Indexation. The sum insured may be increased by the greater of 5% or the year’s CPI increase.
• Chronic Diagnosis Advancement Benefit. If AIA is able to confirm the diagnosis of certain crisis events, they will pay an advance payment of the insured’s crisis recovery or crisis recovery stand alone benefit. However, a medical practitioner that is acceptable to AIA must confirm that the policy holder has suffered or been medically diagnosed with a specific illness such as Parkinson’s Disease, Muscular Dystrophy, Multiple Sclerosis, or Motor Neurone Disease, but has not yet met the definition of that crisis event.