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AIA New Zealand

AIA New Zealand Limited. Active life-cover products with verbatim policy-wording extracts.

Legal entity:
AIA New Zealand Limited
RBNZ financial strength rating:
AA (Very Strong) (Fitch Ratings, Stable (affirmed Dec 2025))
Website:
www.aia.co.nz

Took over Sovereign 2018-2019. AIA Living is current retail family; Real Life is legacy still serviced. Wordings hosted at aia.co.nz/content/dam/nz/.

Snapshot 2026-05-20T08:21:45.034Z. 2 active products on file.

AIA New Zealand

AIA Living Business Life Cover

Wording v2023-10-10 · confidence: verified

Suicide exclusion period
13 months from the risk commencement date or, if cover under this appendix has been reinstated, the date of reinstatement. This exclusion applies to any subsequent benefit increase.
Premium structure
Premiums can be converted from the premium type shown in the schedule to a Level premium structure at any time via the Premium Conversion Facility, or converted between Level premium structures. No medical evidence is required at conversion. Premiums for any Optional Business Safeguard Facility increase are calculated on rates applicable at the time the Facility is used. Each increase requires an increase in premium.
Source PDF →Compare topics →Condition matrix →

AIA New Zealand

AIA Living Personal Life Cover

Wording v2026-05-17 · confidence: inferred

Suicide exclusion period
13 months of the risk commencement date or, if cover under this appendix has been reinstated, the date of reinstatement. This exclusion applies to any subsequent benefit increase you make.
Premium structure
Cover may be issued on a Rate for Age (stepped) premium type or a Level premium structure. The Premium Conversion Facility allows conversion from the premium type shown in the schedule to a Level premium structure, or from one Level premium structure to an alternate Level premium structure (same or shorter term), at any time without further medical evidence; a new policy is issued based on current age of the life assured. Suspension of Cover is only available where the premium type is Rate for Age.
Source PDF →Compare topics →Condition matrix →

What to compare on

  1. Premium at your age and sum-insured. Quote AIA New Zealand plus two or three other NZ insurers.
  2. Stepped vs level premium structure. Decide between low entry premium that rises with age, or flatter whole-of-life cost.
  3. Terminal illness benefit. Confirm the trigger wording and amount in the policy document.
  4. Future insurability. Ability to increase cover at life events without fresh underwriting.
  5. Exclusions. Read the wording, not the marketing summary.

Where to get a quote

Not personalised financial advice. Mechanical comparison from each insurer's policy wording. Quote with the insurer directly for premiums applicable to your age and sum-insured. Product features may change — verify on the insurer's website.