{"id":80150,"date":"2025-11-11T11:35:54","date_gmt":"2025-11-11T00:35:54","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=80150"},"modified":"2025-11-14T12:52:09","modified_gmt":"2025-11-14T01:52:09","slug":"aia-updates-priority-protection-suite","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2025\/11\/11\/aia-updates-priority-protection-suite\/","title":{"rendered":"AIA Updates Priority Protection Suite"},"content":{"rendered":"<div class=\"header row\">\n<div class=\"intro\">\n<h3>News that AIA Australia has updated its priority protection life insurance suite with changes focused on improving policy clarity and supporting premium affordability attracted strong reader interest this week&#8230;<\/h3>\n<\/div>\n<\/div>\n<p>AIA Australia has updated its Priority Protection life insurance suite, with changes focused on simplifying discounts, improving policy clarity, and supporting premium affordability.<\/p>\n<p>Taking effect from 9 November 2025, the enhancements have been applied across three main areas being:<\/p>\n<ul>\n<li>Healthier Life Reward incentive for new customers meeting specific health criteria<\/li>\n<li>AIA Vitality discounts<\/li>\n<li>Updated policy discounts<\/li>\n<\/ul>\n<p>Key changes include:<\/p>\n<ul>\n<li>Healthier Life Reward: New clients with a BMI in the expanded healthy range of 18\u201328 can access an 8% lifetime discount on lump sum policies. Maintenance of AIA Vitality membership is required to retain the discount.<\/li>\n<li>AIA Vitality discounts: Clients now receive a 10% initial discount on new lump sum and income protection policies<\/li>\n<li>Maintaining silver status within the Vitality program restores the full 10% discount. The Health Check Discount offers a 5% initial discount for lump sum and income protection policies<\/li>\n<li>Initial selection discount (ISD): The ISD has been extended to three years, starting at 15% and reducing by 5% annually before ending in year four. Clients opting out of ISD automatically receive a 2% lifetime policy discount<\/li>\n<li>Bundling discounts: The bundle discount has been separated from the healthier life reward. Discounts are 4% for bundling all lump sum policies and 10% for bundling one or more lump sum policies with income protection coverage<\/li>\n<\/ul>\n<p>AIA has also revised elements of its Priority Protection product offer:<\/p>\n<ul>\n<li>The Financial Planning Benefit has increased from $3,000 to $5,000<\/li>\n<li>The Crisis Cardiac Arrest definition now includes pulseless electrical activity (PEA) and pulseless ventricular tachycardia (PVT)<\/li>\n<li>Underwriting updates include 11 occupation rating improvements for income protection and the addition of eight occupations to research houses<\/li>\n<\/ul>\n<p>Additional measures have also been implemented to support policyholders in circumstances of family and domestic violence.<\/p>\n<p><a href=\"https:\/\/www.aia.com.au\/content\/dam\/au-wise\/en\/docs\/policy-docs\/Priority_Protection_Product_Disclosure_Statement.pdf\" target=\"_blank\" rel=\"noopener\">Click here<\/a> or on the image below to access the updated AIA Priority Protection PDS and Policy Document, where the insurer notes these enhancements have been informed by feedback from advisers.<\/p>\n<p><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2025\/11\/251111-AIA-Update-1.png\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-80176\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2025\/11\/251111-AIA-Update-1.png\" alt=\"\" width=\"589\" height=\"398\" srcset=\"https:\/\/riskinfo.com.au\/news\/files\/2025\/11\/251111-AIA-Update-1.png 589w, https:\/\/riskinfo.com.au\/news\/files\/2025\/11\/251111-AIA-Update-1-300x203.png 300w\" sizes=\"auto, (max-width: 589px) 100vw, 589px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News that AIA Australia has updated its priority protection life insurance suite with changes focused on improving policy clarity and supporting premium affordability attracted strong reader interest this week&#8230; AIA Australia has updated its Priority Protection life insurance suite, with changes focused on simplifying discounts, improving policy clarity, and supporting premium affordability. Taking effect from [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":80175,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,4,8291],"tags":[],"class_list":["post-80150","post","type-post","status-publish","format-standard","has-post-thumbnail","category-company-news","category-products","category-story-of-the-week"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/80150","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\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=80150"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/80150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/80175"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=80150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=80150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=80150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}