AIA Australia Releases New PDS

AIA Australia has released a new combined Product Disclosure Statement and accompanying adviser guide.

In what it has categorised as a minor product release, the insurer says it has:

  • Simplified its product offer by consolidating its four existing disclosure documents into a new combined PDS
  • Aligned maximum sums insured across occupation categories (where appropriate)
  • Improved the product terms relating to Guaranteed Future Insurability for Life, TPD and Income Protection

Taking effect from 18 May 2019, AIA Australia notes it has also made some improvements to its underwriting guidelines relating to casual workers and those performing Home Duties.

Take these links to the updated PDS and adviser guide:

AIA Priority Protection PDS 180519

AIA PP and PPPI Adviser Guide 0519

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