Protecting your tomorrow, today

Life Cover

• Age: 40
• Gender: Female
• Lifestyle: Non-smoker
• Occupation: Accountant (qualified)
• Cover amount: $500,000
• Monthly premium^: $24.45
• Monthly premium with 10% CommBank discount: $22.01*

^{^As at 1 Oct 2025. This is an example only  and is not a personalised quote. Premiums may depend upon factors that include the type and level of cover selected, payment frequency, the insured’s gender, age, smoking status, health history, employment situation, occupation type, hours worked plus any indexation increases, and any discounts that may apply. A level of cover sufficient to meet the minimum premium may be required. Acceptance is subject to meeting eligibility criteria and underwriting requirements.}

^{* Includes Policy fee, Large Sum Insured discount, Initial Selection discount and CommBank discount of 10% as at 1 Oct 2025. Refer to the PDS for a detailed explanation of Policy fee, Large Sum Insured discount and Initial Selection discount.}

Income Protection

• Age: 40
• Gender: Male
• Lifestyle: Non-smoker
• Occupation: Accountant (qualified)
• Waiting period: 90 days
• Benefit period: 2 years
• Cover amount: $5,000 per month
• Monthly premium^: $33.71
• Monthly premium with 10% CommBank discount: $30.34*

^{^ As at 1 Oct 2025. This is an example only and is not a personalised quote. Premiums may depend upon factors that include the type and level of cover selected, payment frequency, the insured’s gender, age, smoking status, health history, employment situation, occupation type, hours worked plus any indexation increases, and any discounts that may apply. A level of cover sufficient to meet the minimum premium may be required. Acceptance is subject to meeting eligibility criteria and underwriting requirements.}

^{* Includes Policy fee, Large Sum Insured discount, Initial Selection discount and CommBank discount of 10% as at 1 Oct 2025. Refer to the PDS for a detailed explanation of Policy fee, Large Sum Insured discount and Initial Selection discount.}

Life insurance provides a lump sum payment if you pass away or become terminally ill. This payment could be used to help your loved ones pay off debts such as your mortgage, or to provide for future financial needs such as childcare, school fees and day to day living expenses.

Income protection helps you protect one of your most valuable assets – your income. Income protection insurance could:

• Provide a monthly payment of up to 70% of your income if you’re unable to work due to sickness or injury
• Help you take care of your everyday living expenses, utilities, school fees or childcare while you're unable to work
• Help provide you with financial support while you get back on your feet, without the worry of how you’ll pay the bills or take care of those who depend on you

Total and permanent disability (TPD) cover gives you options to help you live a better quality of life if you become totally and permanently disabled and can’t work. You can often choose to add TPD cover to your life insurance cover.

TPD could provide you a lump sum that can help provide financial assistance to help with:

• General living costs
• Rehabilitation treatments and medical expenses
• Long-term care and possible household modifications

Trauma cover pays a lump sum payment if you’re diagnosed with a specific traumatic health event, like a stroke, heart attack or cancer. You can often choose to add trauma cover (also known as critical illness insurance) to your life insurance cover.

It could help you focus on your recovery by providing financial assistance with:

• Rehabilitation treatments and medical expenses
• General living costs

The benefit you receive depends on the level of cover you choose

If you’re a member of an Australian superannuation fund you may already have some default life insurance cover.

However, default life insurance cover within a superannuation plan typically only provides some of the life insurance you may actually need. It's important to find out what type of insurance you already have by either asking your superannuation fund or your employer before considering whether you need extra cover.

For income protection policies, you can generally claim some or all of the premiums as a deduction against your taxable income.

Finding the right level of life insurance cover is different for everyone and depends on your circumstances. Consider what existing investments you could draw on if you needed extra funds - like your savings, assets, superannuation or shares. When figuring out how much cover you may need, consider:

• Your regular living expenses, including food, utilities and other costs
• Your debts, including credit cards, personal loans, and your home mortgage - if you have one
• How much your loved ones would need to live on if they no longer had your income, including day-to-day expenses and possible future education costs
• The cost of a funeral and paying off any final expenses you have, like outstanding bills

If you need a hand understanding and choosing the right protection for you, an AIA Financial Wellbeing Planner could help. They can review your situation and compare a range of products from various providers to help you find cover that could be best suited to your individual circumstances and budget.