Disclaimers

1. A policy must include Life cover, and you can also choose to apply for Critical Illness cover and/or Permanently Unable to Work cover. Maximum cover amounts apply and are dependent on your age at the time of application. The cover amount of Critical Illness cover and Permanently Unable to Work cover cannot exceed the Life cover amount. The minimum cover amount is $50,000 for Critical Illness cover and $100,000 for Life cover and Permanently Unable to Work cover. Please refer to the 'How much cover can I apply for?' section in the Product Disclosure Statement for details.
   
   The maximum total amount payable under this policy is the Life cover amount listed on the Policy Schedule.
   
   If you take a combination of cover, your other benefits under the policy will reduce by the payment amount of the claim. If we make a full Life cover payment in the event of death or Terminal Illness, then that Life Insured’s policy will cease. Any payment for Critical Illness cover or Permanently Unable to Work cover will reduce any other covers by that payment amount. If a payment made under the Critical Illness cover or Permanently Unable to Work cover, reduces any other cover amount to $0, then that cover will cease for that Life Insured. For example, if you had: $700,000 of Life cover and $200,000 of Critical Illness cover and $500,000 of Permanently Unable to Work cover; then in the event a $200,000 Critical Illness benefit is paid to you, your Permanently Unable to Work and your Life cover amount would both reduce by $200,000. Therefore, your Permanently Unable to Work cover amount would then be reduced to $300,000 and your Life cover amount would then be reduced to $500,000. Please refer to the 'Taking a combination of cover' section in the Product Disclosure Statement for details.
   
   If a Life Insured holds policies with companies other than Allianz, this will only impact the benefit payable by Allianz, where the Life Insured holds one or more Critical Illness or Trauma policies with another insurer. Where this occurs, the maximum aggregate benefit payable for a Critical Illness or Trauma claim is $2 million, being an aggregate of all Critical Illness and Trauma covers paid or payable by Allianz and other insurers on the Life Insured. Please refer to the 'Maximum benefits payable' section of the Product Disclosure Statement for details.


2. "$9.50 a week" as at 30 June 2019: Provisional quote based on 39 year old, non-smoking male for $500,000 life cover. Premiums may vary depending on lifestyle and health risk factors.


3. Each policy anniversary cover amounts are automatically increased by 5% or the change in the Consumer Price Index, whichever is greater. Increases to cover amounts only applicable until the policy anniversary after your 65th birthday. Premiums increase from year to year in line with the increased cover amount. Any annual increase can be declined, by contacting us.
   
   Please refer to the Product Disclosure Statement for details of ‘Inflation Proofing Increases’, ‘Premium, fees and other charges’ and ‘Premium calculation and payment’ for details.


4. Renewal of cover is guaranteed until you the Life Insured reaches the age specified in the Product Disclosure Statement for the relevant cover, regardless of how your health may change. Applies subject to payment of premiums when due.


5. Critical Illnesses covered under this product are certain types of Vascular Disease, Cancer of specified severity, Degenerative Diseases, Cardiac Surgery, and Major Organ Failure. Each Critical Illness has a specific definition and you should read the Product Disclosure Statement for the specific definition. Please refer to the 'When a Critical Illness benefit will be payable' section in the Product Disclosure Statement for a full description of covered conditions and events.

In some cases a 90 day exclusion period applies. In the case of Cancer of specified severity, Cardiac Surgery, and Vascular Disease we will not pay a benefit if the insured event occurs, is first diagnosed, the symptoms leading to the diagnosis become apparent, or the recommendation for surgery is made within 90 days of:

• the commencement of the benefit;
• any increase in the benefit (but only in respect of the increase); or
• the reinstatement date where we have agreed to reinstate the benefit after it has lapsed.
If one of these conditions or events occurs again after the 90 day exclusion period and is not related to the first occurrence, a benefit would then be paid.

For defined Critical Illnesses Multiple Sclerosis and Parkinson’s Disease and Parkinson-Plus (atypical parkinsonian) Syndromes, we will pay 25% of your cover amount on definite diagnosis. Inflation Proofing Increases³ will continue to be applied to the remaining 75% of your Critical Illness cover amount. We will pay the remainder of the benefit when the disease has progressed to a point where your ability to stand and walk (with the assistance of devices such as two canes, crutches or a walker) has deteriorated to the point of becoming debilitating and function is progressively limited despite therapy.

We will not pay a Critical Illness benefit where the Critical Illness is intentionally self-inflicted. Please refer to the Product Disclosure Statement for details of 'When is a benefit not payable (policy exclusions)?'.


6. We will pay a benefit when, solely because of Sickness or Injury, you have been continuously absent from work for a period of at least 90 consecutive days and due to that Sickness or Injury you are unlikely ever to work again in any occupation for which you are suited based on your work experience, your education and any training you have had. To apply for Permanently Unable to Work cover you must be working on a permanent basis in an eligible occupation type for at least 20 hours per week. Please refer to the ‘When a Permanently Unable to Work benefit will be payable’ section in the Product Disclosure Statement for a full description of covered conditions and events.
   
   We will not pay a Permanently Unable to Work benefit where the condition is intentionally self-inflicted. Please refer to the Product Disclosure Statement for details of ‘When is a benefit not payable (policy exclusions)?’.


7. This benefit is only available where certain proof and documentation is provided. Any policy exclusions applicable to Life cover, will also apply to the Advancement for Funeral Expenses. Other conditions apply. If we pay the $15,000 Advancement for Funeral Expenses, the Life Cover Amount will be reduced by the amount of this advancement.
   
   Payment of the Advancement for Funeral Expenses is not acceptance of a Life cover claim.


8. You can return the policy within 30 days of receiving the first Policy Schedule (“cooling-off period”) by contacting us and we will refund any premiums paid unless a claim has been or can be made under the policy.


9. Cover is subject to conditions as outlined in the Product Disclosure Statement and Policy Document.


10. A Terminal Illness means a Sickness which is, in the written opinion of the Specialist registered medical practitioner and verified by us, likely to result in your death within 12 months.


11. Awards
    2012, 2013 AB+F Insurance Awards "Life Insurance Product of the Year"
    Five Star CANSTAR CANNEX rating for Outstanding Value in Direct Life Insurance 2009 – 2013, 2018 and 2019
    “Risk & Life Insurer of the Year” Roy Morgan Research Customer Satisfaction Awards 2016

Important note: The insurance is issued by Allianz Australia Life Insurance Limited ABN 27 076 033 782, AFSL 296559. The information on this website is general information only and does not take into account your objectives, financial situation or needs. Because of that, you should, before acting on the advice, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. Terms, conditions, limits and exclusions apply. Before making any decision you should consider the Allianz Life Plan Product Disclosure Statement and Policy Document (PDS). If necessary, please seek advice from a Financial Adviser before deciding on appropriate insurance cover.