{"id":6394,"date":"2010-05-24T13:08:28","date_gmt":"2010-05-24T02:08:28","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=6394"},"modified":"2020-02-06T08:10:05","modified_gmt":"2020-02-05T21:10:05","slug":"aia-product-upgrade","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/05\/24\/aia-product-upgrade\/","title":{"rendered":"AIA Product Upgrade"},"content":{"rendered":"<p>AIA Australia has released details of\u00a0the upgrade for its Priority Protection series.<\/p>\n<p>Taking effect from 24 May 2010,\u00a0changes\/enhancements include:<\/p>\n<p><!--more--><\/p>\n<p><strong>Lump Sum<\/strong><\/p>\n<ul>\n<li>The maximum amount payable on partial and permanent disablement has been increased from $250,000 to $750,000<\/li>\n<li>The Major Organ Transplant waiting list definition will now pay a full benefit (previously only a partial benefit was paid)<\/li>\n<li>Improved definitions\/features across a large range of Crisis Recovery trauma events<\/li>\n<\/ul>\n<p><strong>Income Protection<\/strong><\/p>\n<ul>\n<li>Enhancement to the Partial Disability\u00a0Capability Clause, which\u00a0now allows for a monthly benefit payment to be made for at least two months if the Life Insured is unable to work for reasons other than injury or sickness<\/li>\n<li>Enhancement to Complimentary Interim Accidental Income Protection Cover, where the amount payable has increased to $10,000 per month for a maximum period of six months (previously $5,000 per month)<\/li>\n<\/ul>\n<p>AIA advises these\u00a0enhancements will be passed back to all existing policy holders in the Priority Protection series (current PDS is version 8 in the series), with no increase in premiums.<\/p>\n<p>Advisers can <a href=\"https:\/\/riskinfo.com.au\/resource-centre\/product-disclosure-statements\/aia-priority-protection-spds-240510\/\" target=\"_self\" rel=\"noopener noreferrer\">click here<\/a> to access a copy of the 24 May 2010 SPDS.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AIA Australia has released details of\u00a0the upgrade for its Priority Protection series. Taking effect from 24 May 2010,\u00a0changes\/enhancements include:<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-6394","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-products"},"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/6394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=6394"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/6394\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=6394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=6394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=6394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}