MaxLife Income Protect

MaxLife Income Protect

Protect your most valuable asset - your income.

If you become sick or injured and can’t work, would you have sufficient savings to provide for all your ongoing expenses, without regular income coming in? MaxLife Income Protect offers you a regular monthly payment of up to 70% of your income, up to $10,000 per month.*

With MaxLife Income Protect, you’ll have peace of mind knowing that should sickness or injury prevent you from earning an income, you’ll have the financial support you need to help pay your rent or mortgage, school fees and stay on top of your household expenses until you’re able to return to work.

With MaxLife Income Protect you may get access to AIA Vitality – a personalised, science-backed program that rewards a healthy lifestyle.^ AIA Vitality gives you access to online tools and assessments to help you live a healthier and more active life. By being a part of the program, AIA Vitality gives you access to a range of benefits including a 5% MaxLife Income Protect premium discount if you achieve AIA Vitality Silver status or higher. The premium discount is applied on the anniversary of your policy.^^ The higher your AIA Vitality status, the greater the rewards like up to 50% off movies, spa treatments, gym memberships and cashback on eligible flights and up to $500 worth of shopping vouchers each year.

 

With MaxLife Income Protect you’ll get:

  • Income protection

    Cover up to 70% of your income, to a maximum of $10,000 per month.*
  • Total Disability cover

    Receive your nominated monthly benefit or 70% of Pre-Disablement, whichever is lower (max. $10,000/month).
  • 5% Partner policy discount

    A 5% Partner policy discount for you and your partner, when you both take out MaxLife Life Protect or MaxLife Income Protect policies. †‡
  • 5% Life and health discount

    Get a 5% discount off your MaxLife premium when you hold an AIA Health Insurance policy purchased through a non-bank aligned AIA Health partner and an eligible MaxLife policy.†#
  • 5% MaxLife Life and Income Protect discount

    Purchase a MaxLife Life Protect Policy in addition to your MaxLife Income Protection Policy for a 5% ongoing discount across both policies†
  • AIA Vitality

    Access to a personalised, science-backed program that rewards you for living a healthy lifestyle. Eligibility crieteria applies^
  • 5% MaxLife Income Protect Premium Discount with AIA Vitality

    Get 5% off your MaxLife Income Protect premium at your next policy Anniversary Date, when you achieve or maintain your AIA Vitality status of Silver, Gold or Platinum.^^
  • Premium waiver benefit

    You don’t need to pay any premiums while receiving benefits during your claim.
  • Simple, immediate cover

    It’s easy to apply online or over the phone, with no medicals or blood tests and you’re covered as soon as your application is accepted.
  • Benefit period options

    6 months, 1 or 2 years.
  • Waiting periods

    Your choice of 30 or 90 days.
  • Global coverage

    Worldwide cover whilst temporarily travelling abroad - so you are protected wherever you go – 24 hours a day, 7 days a week.

*Limited to 70% of your Pre-Disability Income

† The discount will continue to apply whilst both eligible policies remain in place.
‡ To be eligible for the Partner discount, you and your Partner must be living at the same residential address

† The discount will continue to apply whilst both eligible policies remain in place.
# Both the AIA Health and MaxLife policies must insure the same person (same name and date of birth must appear on both policies) and have a common mailing address listed.

† The discount will continue to apply whilst both eligible policies remain in place.

Download PDSDownload PDS

 
 
* By market capitalisation as at June 2022, Statista. Eligibility for membership to the AIA Vitality program arises under and is subject to the AIA Vitality terms and conditions. Access to the AIA Vitality program requires your annual premium to be equal to or greater than $750 per person per policy.

** Discounts are applied multiplicatively.

# Quote as at 10 June 2022 for 39 year old, non-smoking male for $500,000 life cover and includes the 10% online discount. Premiums may vary depending on lifestyle and health risk factors.

‡ To be eligible for the Partner discount, you and your Partner must be living at the same residential address. The discount will continue to apply whilst both eligible policies remain in place. For discount terms please refer to the PDS.

† Both MaxLife policies must insure the same person (same name, date of birth and address must be listed on both policies). If you qualify, the discount will be applied to eligible policies. The discount will continue to apply whilst both eligible policies remain in force. For discount terms please refer to the PDS.

^ To qualify for the 5% Life and Health Discount on your MaxLife policy, you must hold both an eligible AIA Health Insurance Policy purchased through a non-bank aligned AIA Health partner and an eligible MaxLife policy. Both the AIA Health and MaxLife policies must insure the same person (same name and date of birth must appear on both policies) and have a common mailing address listed.

^^ Reach AIA Vitality Silver status or above and you'll get up to 10% off your MaxLife Life Protect or MaxLife Income Protect premium at your next Policy Anniversary Date. Maintain AIA Vitality Silver status or above to keep the discount each year.

The MaxLife suite of products is distributed by AIA Financial Services Pty Limited ABN 68 008 540 252, AFSL 231109, including through its authorised representatives, and is issued by AIA Australia Limited ABN 79 004 837 861, AFSL 230043 (AIA Australia). Bendigo and Adelaide Bank Limited ABN 11 068 049 178, AFSL 237879 (Bendigo Bank) is a distributor of the MaxLife suite of products only; it does not sell, issue or guarantee these products.

Descriptions of product benefits and features are a summary only. Other terms and conditions also apply as described in the relevant Product Disclosure Statement available on this site. The information on this website is current as at 1/07/2022 and may be subject to change. This website contains general advice only and has been prepared without taking into account the objectives, financial situation or needs of any individuals. You should consider the appropriateness of the information contained on this website before acting on it. You should consider the relevant Product Disclosure Statement and read the Target Market Determinations (TMD) at aia.com.au/tmds, when deciding whether to acquire or continue to hold a financial product.

AIA Australia has adopted the Life Insurance Code of Practice, which contains minimum standards of service that customers can expect from insurers. The Code can be found at www.fsc.org.au.

AIA Vitality partners, benefits and rewards are subject to change at any time. For the most up-to-date information and to view the AIA Vitality Terms and Conditions see https://www.aia.com.au/en/individual/aia-vitality.html