Superannuation Term Life Plan
The Superannuation Term Life Plan provides a Term Life benefit on the death of the life insured.
At a glance:
- Death
- Lump sum payment
- Benefit Indexation
This benefit provides:
- Term Life benefit
- Optional Permanent Disablement benefit
- Lump sum equal to the sum insured under the Term Life benefit prior to the life insured's 75 th birthday
- Can be incorporated into superannuation arrangements with AIA Superannuation Fund or a private/self-managed super fund
Entry Age - 11 years to 65 years next birthday
Expiry Date - Premiums and cover cease at the latest policy anniversary prior to the life insured's 75th birthday for Term Life and 65 for Permanent DIsablement
Maximum sum insured - None (subject to financial underwriting)
Minimum Premium - $250 per annum per policy including the premium for all benefits chosen, the policy fee, any premium frequency charge and any stamp duty.
Important Note: This is a general representation of the product and is to be used as a guide only. For more detailed information on the product and for specific definitions and categories please refer to the product PDS.
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