Before we begin your application
Have you previously received a payment for Total and Permanent Disability cover or for a Terminal Illness under any insurance policy?
Death cover
Death cover provides your dependants or beneficiaries with a lump sum payment in the event of your death. Death cover includes Terminal Illness cover. Terminal Illness provides a lump sum payment where you are suffering from an illness or have incurred an injury, that is likely to result in your death within a period of 24 months.
Tailored Death cover
Death cover provides your dependants or beneficiaries with a lump sum payment in the event of your death. Death cover includes Terminal Illness cover. Terminal Illness provides a lump sum payment where you are suffering from an illness or have incurred an injury, that is likely to result in your death within a period of 24 months.
Total & Permanent Disability Assist cover
Total & Permanent Disability Assist insurance cover is to provide you with up to a maximum of six support payments, over a minimum of five years (where you continue to meet the Total & Permanent Disability Assist definition), should you suffer an injury or illness that permanently prevents you from working to retirement age. The initial support payment is calculated as 25% of your maximum benefit amount at the Date of Disablement. The subsequent support payments (up to a maximum of five payments) are each calculated as 15% of your maximum benefit amount at the Date of Disablement.
Total & Permanent Disability Assist insurance cover is given to you automatically upon Australian Retirement Trust receiving a superannuation contribution from your employer and you meet all other eligibility criteria.
Tailored Total & Permanent Disability cover
Tailored Total & Permanent Disability insurance cover provides a payment to you should you suffer an injury or illness that prevents you from working to retirement age.
Tailored Total & Permanent Disability insurance cover is available to you regardless of your working hours or the basis on which you are employed. Whether you are employed on a permanent, part-time, contract or casual basis you may be eligible for this cover.
Tailored Total & Permanent Disability cover
You have the option to apply for Tailored Total & Permanent Disability Assist cover or Tailored Total & Permanent Disability cover. If you don’t make a choice, your cover will be provided as Tailored Total & Permanent Disability Assist cover.
An overview of the two types of disability cover is provided below.
Tailored Total & Permanent Disability Assist cover pays if you’re unable to work ever again due to illness or injury. You may receive occupational rehabilitation support and up to a maximum of six support payments over a minimum of five years (where you continue to meet the Total & Permanent Disability Assist definition). The initial support payment is calculated as 25% of your maximum benefit amount at the Date of Disablement. The subsequent support payments (up to a maximum of five payments) are each calculated as 15% of your maximum benefit amount at the Date of Disablement. In some limited instances you may receive a consolidated lump sum payment.
Tailored Total & Permanent Disability cover pays a single lump sum benefit if you’re unable to work ever again due to illness or injury.
Opt-In Income Protection cover
Income Protection insurance cover provides you with ongoing income and financial support, should you become temporarily unable to work due to illness or injury. It can give you the peace of mind that you have an income that can help pay your expenses while you focus on your health and recovery.
You must select this option when requesting Standard insurance cover within 120 days of joining art.
Tailored Income Protection cover
Income Protection insurance cover provides you with ongoing income and financial support, should you become temporarily unable to work due to illness or injury. It can give you the peace of mind that you have an income that can help pay your expenses while you focus on your health and recovery.
If you are employed on a permanent, part-time, contract or casual basis and you work at least 15 hours per week, you may be eligible to apply for Income Protection cover.
Tailored Total & Permanent Disability Assist Cover
Tailored Total & Permanent Disability Assist insurance cover is to provide you with up to a maximum of six support payments over a minimum of five years (where you continue to meet the Total & Permanent Disability Assist definition), should you suffer an injury or illness that permanently prevents you from working to retirement age. The initial support payment is calculated as 25% of your maximum benefit amount at the Date of Disablement. The subsequent support payments (up to a maximum of five payments) are each calculated as 15% of your maximum benefit amount at the Date of Disablement.
Sorry, you are ineligible to apply
Unfortunately you are not able to proceed with an online application at this point in time.
Please contact Australian Retirement Trust on 13 11 84 Monday to Friday to discuss your insurance options.
Alternatively, return to your Australian Retirement Trust Member Online portal for more options.
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Coronavirus (COVID-19)
Do any of the following apply to you in relation to COVID-19?
- I have suspected COVID-19 symptoms e.g., fever, flu-like symptoms, fatigue, cough, sore throat, loss of smell or taste, or shortness of breath
- I am currently in self-isolation or awaiting the result of a COVID-19 test
- I have tested positive for COVID-19 within the last 30 days
- I have tested positive for COVID-19 more than 30 days ago and have not made a full recovery, or have ongoing symptoms
(Full recovery means no longer in self-isolation or quarantine with no ongoing symptoms, no complications, no further follow up required by a doctor and a return to all previous occupational and daily duties)
If you have answered Yes to the COVID-19 statements, you may reapply once 30 days have passed since your last positive test for COVID-19 and you have fully recovered and are not waiting for any follow-up or investigations with a medical practitioner.
If you are not infected by COVID-19, you can reapply once fully recovered from symptoms.
If you have any questions, please contact AIA Australia on 1800 430 770 between 8am and 5pm Monday to Friday.
Member Insurance Quotation Calculator Disclaimer and Declaration
About this calculator
This calculator is provided by AIA Australia Limited (ABN 79 004 837 861, AFSL 230043) (the Insurer). The Insurer is responsible for the calculation methodology used by this calculator.
This calculator should be used as a guide only, to assist you in estimating the cost of insurance based on the information you provide.
To the maximum extent permitted by law, the Insurer and the trustee of Australian Retirement Trust take no responsibility for reliance by any person on the information in or relating to this calculator. The quotation provided by this calculator does not constitute financial product advice. Before acting on the quotation, you should consider the relevant Product Disclosure Statement.
Limitations
Not an offer of insurance
This calculator is intended to be used as a general guide only, and does not constitute an offer of insurance. To apply for cover, you may need to submit a fully completed application and other relevant information requested. Any estimate produced by this calculator is an indication of likely costs and may vary from any offer made to you.
Not intended to influence decision about specific financial product
This calculator is not intended to influence any person to make a decision about any particular insurance or other financial product. Before making any decision about your insurance cover, you should consider the insurance products available to you and you may want to seek advice from a licensed financial adviser.
Currency of information
This calculator has been prepared based on the legislative and regulatory environment as at December 2022. Please be aware that should the legal and regulatory environment change, this may not be reflected within the results of the calculator.
Availability of cover
This calculator makes no assessment as to the availability of cover to you. Cover may not be available to some people, because of limitations on cover for health reasons or due to their occupation or for other reasons, and any application for cover may be subject to acceptance by the Insurer. The Insurer may not agree to provide you with the amount of cover recommended by this calculator.
Needs and advice
This calculator does not take into account all of your personal financial needs, circumstances and objectives, or your tax circumstances or personal health situation, and is not intended to be relied on as advice for the purposes of making a decision in relation to any financial products. You should consider your own financial position and insurance requirements before making a decision, and reassess your needs as your circumstances change. You may wish to consult a licensed financial adviser to assist you in working out your insurance needs and selecting an appropriate insurance product for you.
Existing cover
If you are intending to apply and replace any existing cover that you hold as part of making an application, you should not cancel your existing cover until we have confirmed that we have accepted your application. If we don’t accept your application, it could mean you have no cover.
The general risks of replacing life insurance cover may include, but are not limited to:
- implications of any errors or omissions in your new application
- your existing policy containing differing terms, conditions, features and/or benefits to a new policy (e.g. waiting periods and qualifying periods restarting)
This information is general only and you should seek financial advice about the risks of replacing your policy to receive information that is specific to your circumstances.
If you wish to apply for cover with AIA Australia, please review the below Member Declaration and be aware that the following declarations are made as part of any application continuing.
Member Declaration
Australian Retirement Trust has taken out a contract of insurance with an Insurer to provide the insurance benefits in the Fund. On becoming an insured member, you are bound by the terms and conditions of this contract of insurance. When you apply for insurance cover and before that cover is accepted by the Insurer, you have a duty to tell the Insurer anything that you know, or could reasonably be expected to know, that may affect the Insurer’s decision to provide the insurance and on what terms.
About this application
The life insurance policy being applied for with this application is a consumer insurance contract within the meaning of the Insurance Contracts Act 1984 (Cth). When you apply for life insurance, we conduct a process called underwriting. It’s how we decide whether we can cover you, and if so, on what terms and at what cost.
We will ask questions we need to know the answers to. These will be about your personal circumstances, such as your health and medical history, occupation, income, lifestyle, pastimes, and current and past insurance. The information you give us in response to our questions is vital to our decision.
The duty to take reasonable care
When applying for insurance, there is a legal duty to take reasonable care not to make a misrepresentation to the Insurer before the contract of insurance is entered into.
A misrepresentation is a false answer, an answer that is only partially true, or an answer which does not fairly reflect the truth.
This duty applies to a new contract of insurance and also applies when extending or making changes to existing insurance, and reinstating insurance.
If you do not meet your duty
If you do not meet your legal duty, this can have serious impacts on your insurance. There are different remedies that may be available to us. These are set out in the Insurance Contracts Act 1984 (Cth). These are intended to put us in the position we would have been in if the duty had been met.
Your cover could be avoided (treated as if it never existed), or its terms may be varied. This may also result in a claim being declined or a benefit being reduced.
Please note that there may be circumstances where we later investigate whether the information given to us was true. For example, we may do this when a claim is made.
Before we exercise any of these remedies, we will explain our reasons and what you can do if you disagree.
Guidance for answering our questions
You are responsible for the information provided to us. When answering our questions, please:
- Think carefully about each question before you answer. If you are unsure of the meaning of any question, please ask us before you respond.
- Answer every question.
- Answer truthfully, accurately and completely. If you are unsure about whether you should include information, please include it.
- Review your application carefully before it is submitted. If someone else helped prepare your application (for example, your adviser), please check every answer (and if necessary, make any corrections) before the application is submitted.
Changes before your cover starts
Before your cover starts, we may ask about any changes that mean you would now answer our questions differently. As any changes might require further assessment or investigation, it could save time if you let us know about any changes when they happen.
If you need help
It’s important that you understand this information and the questions we ask. Ask us or a person you trust, such as your adviser for help if you have difficulty understanding the process of buying insurance or answering our questions.
If you’re having difficulty due to a disability, understanding English or for any other reason, we're here to help. If you want, you can have a support person you trust with you.
Notifying the Insurer
If, after the cover starts, you think you may not have met your duty, please contact us immediately and we’ll let you know whether it has any impact on the cover.
Privacy
By completing this application you consent to the collection and use of any personal information, including information that may be of a sensitive nature Australian Retirement Trust or AIA Australia may collect about you, in the normal course of business as in the manner outlined in Australian Retirement Trust and AIA Australia's respective privacy policies. A copy of Australian Retirement Trust’s privacy policy can be obtained by visiting Australian Retirement Trust's website. A copy of AIA Australia's privacy policy can be obtained by visiting www.aia.com.au. These policies are designed to protect your interests and are consistent with the requirements of the Privacy Act 1988.
I declare that:
- I acknowledge and have read my duty to take reasonable care and all of my details on the insurance cover application are correct.
- I have read and accept the terms and conditions within the Australian Retirement Trust Product Disclosure Statement.
- I understand all the conditions I must meet to be eligible to obtain insurance cover. I agree that my insurance cover will not commence until the premium has been paid and my application for insurance cover has been accepted by the Insurer. I acknowledge insurance cover is provided by an external insurance company.
- I have read and consent to the handling, collection, use and disclosure of my personal and sensitive information in the manner described in the Privacy section of this disclaimer and the AIA Australia Privacy Policy available at aia.com.au and the Australian Retirement Trust’s Privacy Policy.
By completing an insurance cover application, I consent to the collection and disclosure of information about me for the purposes shown.
Insurance Quotation Calculator Disclaimer
About this calculator
This calculator is provided by AIA Australia Limited (ABN 79 004 837 861, AFSL 230043) (the Insurer). The Insurer is responsible for the calculation methodology used by this calculator.
This calculator should be used as a guide only, to assist you in estimating the cost of insurance based on the information you provide.
To the maximum extent permitted by law, the Insurer and the trustee of Australian Retirement Trust take no responsibility for reliance by any person on the information in or relating to this calculator. The quotation provided by this calculator does not constitute financial product advice. Before acting on the quotation, you should consider the relevant Product Disclosure Statement.
Limitations
Not an offer of insurance
This calculator is intended to be used as a general guide only, and does not constitute an offer of insurance. To apply for cover, you may need to submit a fully completed application and other relevant information requested. Any estimate produced by this calculator is an indication of likely costs and may vary from any offer made to you.
Not intended to influence decision about specific financial product
This calculator is not intended to influence any person to make a decision about any particular insurance or other financial product. Before making any decision about your insurance cover, you should consider the insurance products available to you and you may want to seek advice from a qualified financial adviser.
Currency of information
This calculator has been prepared based on the legislative and regulatory environment as at December 2022. Please be aware that should the legal and regulatory environment change, this may not be reflected within the results of the calculator.
Availability of cover
This calculator makes no assessment as to the availability of cover to you. Cover may not be available to some people, because of limitations on cover for health reasons or due to their occupation or for other reasons, and any application for cover may be subject to acceptance by the Insurer. The Insurer may not agree to provide you with the amount of cover recommended by this calculator.
Needs and advice
This calculator does not take into account all of your personal financial needs, circumstances and objectives, or your tax circumstances or personal health situation, and is not intended to be relied on as advice for the purposes of making a decision in relation to any financial products. You should consider your own financial position and insurance requirements before making a decision, and reassess your needs as your circumstances change. You may wish to consult a licensed financial adviser to assist you in working out your insurance needs and selecting an appropriate insurance product for you.
Existing cover
If you are intending to apply and replace any existing cover that you hold as part of making an application, you should not cancel your existing cover until we have confirmed that we have accepted your application. If we don’t accept your application, it could mean you have no cover.
The general risks of replacing life insurance cover may include, but are not limited to:
- implications of any errors or omissions in your new application
- your existing policy containing differing terms, conditions, features and/or benefits to a new policy (e.g. waiting periods and qualifying periods restarting)
This information is general only and you should seek financial advice about the risks of replacing your policy to receive information that is specific to your circumstances.