AIA Vitality Options

sclass on 14/08/2019 - 11:55

I’ve stumbled across AIA Vitality and was hoping to get a better understanding of whether it’s worthwhile.

For background, I’m currently paying close to $30 per month for extras cover and getting death/TPD and income protection insurance through First State Super (paying $35 per month).

From what I can see, my options for signing up (being based in Melbourne) are myOwn ($110 per month for hospital and extras cover), GMHBA ($130 per month for hospital and extras cover), MaxLife Life Insurance ($65 per month for accident and illness cover) or REST Super.

One thing I’ve seen is that some people potentially have access to AIA Vitality through their super fund? Is this an option for me?

In short, what’s the cheapest way to sign up for it?

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simgue on 14/08/2019 - 12:09

I'm a member and think the program is great. PITA to sign up though as AIA only conduct business through partners. Would be much easier with a direct channel. I had to go to Life Insurance Direct after RAC cancelled their coverage for people outside of WA. LID are not easy to deal with but should be able to give you a view of the absolute cheapest way they can offer to get access to the Vitality program.
- TheBargainShopper on 04/11/2019 - 16:12
  
  Can I ask how much you are paying approximately with Life Insurance Direct?
phamid on 14/08/2019 - 12:33

+1

REST has been my method. I've been a member of theirs for 7 years, no extra cost involved with AIA. I did have RAC and then cancelled it after AIA was offered. I'm unsure what the balance minimums are needed to be eligible for AIA from REST, but it might be your cheapest way in.
- silenthillrocks on 14/08/2019 - 13:48
  
  There is no minium with Rest, as long as you are a paying member ( min cost ~$1.20 a week)
- sclass on 14/08/2019 - 14:02
  
  Does this mean changing my super fund to REST? Or can I have an additional REST super account on top of what I already have? (If the latter, do I need to make voluntary deductions from my salary to this account?)
  - silenthillrocks on 14/08/2019 - 18:23
    
    As long as you have some money in the account, I think that would count as an active member. It doesn't need to be the place where you current employer is contributing.
    - mthomas87 on 16/09/2019 - 11:40
      
      From memory you need to have a balance of $1000.
      - TheBargainShopper on 05/11/2019 - 11:17
        
        @mthomas87: Is it possible to just transfer $1000 into it yourself?
        
        mthomas87 on 13/12/2019 - 11:08
        
        @TheBargainShopper: Sorry for the slow reply. REST has monthly (?) fees so if you just transfer $1000 it will probably drop below that at some point unless the interest gained is more.
- khoaaa on 14/08/2019 - 14:09
  
  I thought AIA with rest is only the basic version? So you only get the $5 a week gift card.
  - sclass on 14/08/2019 - 14:29
    
    My understanding is it still comes with the gym rewards (one of the main reasons I'm interested) and weekly gift card, but no Qantas cashback or 5000 point gift cards.
    - phamid on 14/08/2019 - 15:41
      
      Comes with the Gym and $5 gift cards
    - Associatedbluedufflecoat @ AIA Vitality on 02/09/2019 - 08:41
      
      It's not qantas anymore. It's Virgin. :(
theHMASfriendship on 14/08/2019 - 14:07

I used to do income protection insurance through RACQ for $7/fortnight.

Income protection insurance was also tax deductible.
- sclass on 14/08/2019 - 14:27
  
  Sadly no longer an option outside QLD.
thatsnasty on 14/08/2019 - 15:31

I'm currently using them through my REST super. It's been great, I'm getting a $5 voucher each week for hitting 500 points (I usually pick iTunes), and I also used them when I signed up to Anytime Fitness and now I get $100 back every quarter assuming I visit the gym 28 times in that period. Paying me to go to the gym is very motivating.
- Oz8argain on 15/08/2019 - 11:13
  
  hmmm i stopped using it after 1 month because it never tracks my progress. I'm basically forced to buy a smart watch or something :\
phamid on 16/08/2019 - 09:23

A good summary of this can be found here:

https://www.comparingexpert.com.au/life-insurance/aia/aia-vi…
clover on 27/08/2019 - 08:59

FYI, rest will terminate their insurance with AIA as at Dec 2019. You can keep cover for an additional year. After that, no more vitality with rest.
- SomeBooy on 13/11/2019 - 14:39
  
  Wow how did you know? Just got an email from them. Sucks. :( Now I gotta quit the gym
  - Associatedbluedufflecoat @ AIA Vitality on 16/11/2019 - 11:38
    
    You should let REST know. Otherwise there are other options like life insurance or private health insurance.
    - SomeBooy on 17/11/2019 - 10:41
      
      REST is the most affordable way, otherwise the next cheapest is life insurance at about $35 a month. :( You do get access to the full version of Vitality, but at this point in time, it's a waste of money for benefits not needed :\
dein_gesicht on 14/11/2019 - 13:25

That sucks bad - all stops by April 2020
- dpark88 on 20/11/2019 - 19:54
  
  Wow this really blows.
  
  Looked into MaxLife Insurance and noticed this in the fine print:
  
  ^Access to the AIA Vitality program requires your annual premium to be equal to or greater than $750 per person per policy.
  
  At this point, the cost far outweighs the benefit for me.
- Jdizzle77 on 23/11/2019 - 18:49
  
  I am very disappointed. Looking for another option or similar program.
firestint on 08/12/2019 - 08:35

REST seems like the cheapest option but it doesn't give the full suite of benefits.

This is not an ad but I joined AIA life insurance (premium is paid out of Super and is considerably a lot less than the benefits I get from Vitality, I always get more than 35,000 points in every membership year) and Vitality through my adviser who doesn't charge any fees so PM if interested. The additional benefits you get (Flight benefits, $650 shopping vouchers etc.) far outweigh the extra premium you pay via Super, at least to me.
- forrester on 08/12/2019 - 08:42
  
  How much is your annual premium for the life insurance?

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