Life insurance is now available
Teachers Health knows the value of protecting the important things in life.
Just like the peace of mind health insurance offers, life insurance protects your family’s financial future if the unthinkable were to happen.
So, we’ve worked with AIA Australia, one of Australia’s leading life insurers, to give you access to MaxLife, a suite of life insurance products.
Spend less time worrying about the future and enjoy living in the now with MaxLife life insurance.
MaxLife life insurance products
1. MaxLife Life Protect
Comprehensive life insurance cover from $100,000 up to $1,000,000 to help protect your loved ones with a lump sum payment. For more information, please refer to the Life Protect Product Disclosure Statement (PDS) here.
2. MaxLife Income Protect
To help take care of your monthly living expenses if you are unable to work due to sickness or injury. For more information, please refer to the Income Protect PDS here.
Benefits of MaxLife life insurance, issued by AIA Australia
- Enjoy a 5% Partner discount for you and your Partner when you both take out MaxLife Income Protect or MaxLife Life Protect policies. 1
- Purchase a MaxLife Life Protect Policy in addition to your MaxLife Income Protect Policy for a 5% ongoing discount. 2
- Where you also have an AIA Health Insurance policy, you will receive a 5% discount on your MaxLife Income Protect Policy. 3
* Eligibility for membership to the AIA Vitality program arises under and is subject to the AIA Vitality terms and conditions. Access to the AIA Vitality program requires your annual premium to be equal to or greater than $750 per person per policy.
1 To be eligible for the Partner discount, you and your Partner must be living at the same residential address and have purchased both policies on or after 1 October 2021. Discounts will apply to policies purchased from 1 October 2021. The discount will continue to apply whilst both eligible policies remain in place. For discount terms please refer to the PDS.
2 Both MaxLife policies must insure the same person (same name, date of birth and address must be listed on both policies). If you qualify, the discount will be applied to eligible policies issued on or after 1 October 2021. Discounts will apply to policies purchased from 1 October 2021. The discount will continue to apply whilst both eligible policies remain in force. For discount terms please refer to the PDS.
3 You must hold both an eligible AIA Health Insurance Policy purchased through a non-bank aligned AIA Health partner and a MaxLife Income Protect Policy. Both policies must insure the same person (same name, date of birth and address must be listed on both policies). The discount will continue to apply to your MaxLife Income Protect policy whilst both eligible policies remain in force.
Reach AIA Vitality Silver status or above and you'll get up to 10% off your MaxLife Life Protect or MaxLife Income Protect premium at your next Policy Anniversary Date. Maintain AIA Vitality Silver status or above to keep the discount each year.
The MaxLife suite of products is distributed by AIA Financial Services Limited ABN 68 008 540 252, AFSL 231109 and is issued by AIA Australia Limited ABN 79 004 837 861, AFSL 230043 (AIA Australia). Nadic Insurance Brokers Pty Ltd ABN 51 003 419, 350 AFSL 233769 (Nadic Insurance Brokers) and its authorised representatives, including Teachers Federation Health Limited ABN 86 097 030 414, trading as Teachers Health, are only distributors of the MaxLife suite of products. Neither Nadic Insurance Brokers nor Teachers Health, sell, issue or guarantee these products Neither Teachers Health nor any employee or director gives any warranty of accuracy or reliability arising in any way for errors or omissions (including responsibility to any person or for negligence) on the MaxLife website.
Descriptions of product benefits and features are a summary only. You should consider factors like your objectives, financial situation and needs and read the relevant Product Disclosure Statement (PDS) available on this website before deciding to acquire or continue to hold any of these products. The information on this website is general and does not take such factors into account so you should consider its appropriateness in the context of such factors. Cover is subject to terms, conditions, limitations and exclusions. AIA Australia has adopted the Life Insurance Code of Practice, which contains minimum standards of service that customers can expect from insurers. The Code can be found at www.fsc.org.au.
AIA Australia has prepared a Target Market Determination which describes the class of consumers that comprise the target market for this product. The Target Market Determination can be sourced at aia.com.au/tmds.
Links to other websites
The linked sites included on this webpage are not under the control of Teachers Health and Teachers Health is not responsible for the content of any linked site or any link contained in a linked site, or changes or updates to such sites. Teachers Health provides these links in its capacity as an Authorised Representative of Nadic Insurance Brokers and for the convenience of its members. Teachers Health receives a commission in line with their arrangements acting as Authorised Representatives for Nadic Insurance Brokers.