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Buy Eligible AIA Insurance with Vitality from Broker, Achieve Silver Status within 6 Months for $500 Cash Bonus @ Insurancewatch

Associatedinswatch on 12/04/2024 - 10:54 insurancewatch.com.au (185 clicks)
Last edited 12/04/2024 - 14:59 by 1 other user

AIA are offering a $500 cash payment if an AIA Priority Protection insurance policy is taken out with a Vitality membership, or Vitality is added to an existing policy, and Silver status is achieved within the first 6 months.

AIA Vitality is a health and well-being program that has just celebrated 10 years in Australia. As well as the cash payment, Silver Vitality status entitles members to 20% cashback on eligible Virgin flights, a $20 shopping reward which can be used with a range of retailers, 20% off endota spa gift cards and a range of other benefits.

How to take out a qualifying AIA policy

AIA Priority Protection policies provide Life, TPD, Trauma or Income Protection insurance. These policies are only distributed via authorised representatives of Australian Financial Services Licensees (such as Insurance Watch) and are not available direct from the insurer.

You can use the Insurance Watch Online Premium Comparator to run quotes and apply for AIA policies with Vitality attached. There is a minimum outlay required of $678 (including the Vitality $138 annual fee) - so unless your cover amount generates a premium above this you will not see the Vitality options online.

Eligibility for the offer is limited to new policies taken out after 1st April 2024. The Vitality membership and policy must be in force and fully paid up at the end of the six month period.

How to attach Vitality to an existing AIA policy

Speak to your existing insurance adviser or Contact Insurance Watch for help with this. The cost of adding Vitality is $138 annually or $11.50 monthly but you will receive an initial 12.5% discount on your Life/TPD/Trauma premium and 7.5% discount on your Income Protection premium

Not eligible for the offer:

Current AIA policyholders who took out their policy with attached Vitality membership before the start date of the offer
Anyone who has previously held and cancelled a Vitality membership
Starter Vitality memberships

For full details of the offer see the AIA Vitality Silver Status - Member Terms and Conditions

Full Disclosure: Distributors such as Insurance Watch will receive a $500 cash payment if one of their customers receive the Silver Status Reward after 6 months - this is in addition to standard commissions payable. Therefore you can expect to receive lots of support in your quest to achieve Silver!

Financial AIA AIA Vitality Disability Insurance Income Protection Insurance Insurance Life Insurance Trauma Insurance

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Comments

easternculture on 12/04/2024 - 11:04

How fast can you achieve silver status
- peter05 on 12/04/2024 - 11:08
  
  it's 10k points
  
  flu jab = 1k
  covid vaccine = 1k
  health check (and check out all healthy) = 7k
  eye check = 1k
  non smoker = 1k
  dentist = 1k
  
  you could reasonably achieve it within a week, pending your above health check. I believe you get 3k regardless, as long as you've done the check, healthy components give you 4k for each sub category (cholesterol, weight, glucose etc)
  
  100 points each time you attend supported gym, or 12500 steps, or 60% hr for 1 hour exercise
  - arcticmonkey on 12/04/2024 - 11:30
    
    How much is all of this?
  - tunzafun001 on 12/04/2024 - 11:30
    
    +1
    
    For reference, what's the policy / vitality cost you?
    - Associatedinswatch @ Insurance Watch on 12/04/2024 - 12:08
      
      To take out a new AIA Life, TPD, Trauma and income protection policy with Vitality attached there is a minimum premium requirement of $540 a year + $138 for Vitality i.e. there would be a minimum required outlay of $678 a year.
      
      However what your actual cost will depend upon your personal circumstances and how much cover you need to adequately protect you and your family. You can use the link to the online comparator in the post to work out the cost for your situation.
      - tunzafun001 on 12/04/2024 - 14:56
        
        @inswatch: Ok..not too bad when super based insurance is around 1% of earnings off memory.
- Nickbag on 12/04/2024 - 11:25
  
  easy, i was platinum last year
  - Jayblesz on 12/04/2024 - 12:45
    
    Did you pay for fitness check at gym? I'm tryna figure out how to scrounge the last 3-4k pts
    - Nickbag on 12/04/2024 - 12:53
      
      get dental, optical, events, a call with nutrition and marathon
    - Charlie Dont Surf on 12/04/2024 - 13:37
      
      Here's my 35,000 from this year:
      
      Physical activities - 15,000 (max)
      Free health check - 6.000
      Vaccinations - 2,000
      Skin self-exam - 1,000
      Non-smokers declaration - 1,000
      Eye check - 1,000
      Dental check - 1,000
      Mental Wellbeing Assessment 1,500
      Physical Wellbeing Assessment - 750
      Sleep Tracking - 2,000
      Mindfulness apps - 1,875
      Learn Activity - 1,100
      Nutrition - 900
      Financial Wellbeing - 250
      - knobbs on 12/04/2024 - 22:23
        
        @Charlie Dont Surf: How can you be on 15k physical activity already this year when you get max 100 per day (ie 150 days)?
        
        Charlie Dont Surf on 12/04/2024 - 22:34
        
        @knobbs: The year is based on the date you joined AIA Vitality.
fremeer on 12/04/2024 - 11:14

Damn great deal.

It's really not hard to hit silver and with the other coupons it's possible to get about $500-800 in stuff over the year.

The app is pretty stupid so you can lie on Google fit to get the max 100 points for exercise each day if you don't reach it.

Download moodflx to get the max 75 points a week for mental health as well.
- U30004 on 12/04/2024 - 11:33
  
  +1
  
  Thats right. I churn around 3 times in a year. Around 14-16 weeks of premium saved.
superbass on 12/04/2024 - 11:44

+1

OP, just so that it is clear to everyone, AIA Insurance Policy is life/income insurance(which you would normally have in your super), not health insurance.
- YesPleaseThankYou on 12/04/2024 - 11:46
  
  Oh, there you go. Thanks for the heads up!
  
  I associate the brand with health insurance. I'll delete my irrelevant posts :)
  - superbass on 12/04/2024 - 11:55
    
    Not a problem. I am getting confused as well, so it would be good for OP to make it clear to everyone
superbass on 12/04/2024 - 11:53

If anyone has worked out the settings required for the lowest amount possible per month, it will be very helpful. Based on the website, min. annual payment is $678.

Also, OP, below should be highlighted as part of the heading, that you need to take out an insurance above $540 + Vitality option costs
- nightelves on 12/04/2024 - 12:03
  
  Can you pay monthly?
- arcticmonkey on 12/04/2024 - 12:07
  
  So is it $678 + $540 = $1218 absolute minimum?
  
  Doesn't seem as good of a deal if so unless I'm missing something
  - superbass on 12/04/2024 - 12:25
    
    min is $678 only if you are planning to pay annually. $720 per year if you pay monthly.
    it is tax deductible though, so you get some back.
    
    it is a decent deal if you exercise already as you might get some or most back through their reward program and 500 cashback should offset the annual fee.
    I am thinking of trying to a year and then decide whether it is worthwhile.
Associatedinswatch @ Insurance Watch on 12/04/2024 - 12:10

See reply above re: minimum outlay is $678 annual and this can be paid monthly.

The default Life and TPD insurance provided by super funds is inadequate for the needs of most families. Trauma cover is not available through a super fund and the income protection through super funds is usually only 2 year benefit cover.
- easternculture on 12/04/2024 - 12:12
  
  Pro rata refund if we cancel after say a month
- superbass on 12/04/2024 - 12:25
  
  How is $500 cashback paid? to the bank account by insurance watch or from AIA?
Associatedinswatch @ Insurance Watch on 12/04/2024 - 12:38

The $500 reward is paid by AIA into the bank account registered with your AIA Vitality account within 30 days of the end of the six month period. Both the policy and the AIA Vitality membership must be in force and fully paid up at the time.

There is another 10% cashback of premiums paid in the first year from Insurance Watch if the policy is held for 12 months (see details on website). So this could be applicable in addition to the AIA offer.
- superbass on 12/04/2024 - 13:24
  
  I was going through few things before I sign up but to confirm, 10% cashback from Insurance Watch is only via online, right?
  I will play around with the numbers and policies later and sign up
Associatedinswatch @ Insurance Watch on 12/04/2024 - 13:40

You are correct. The 10% Insurance Watch cashback is only available for new policies applied for using our online comparison service, which is general advice only.
leliel on 12/04/2024 - 14:14

Hi I’m just trying to sign AIA, however even I chose the annual premium $550 for income protection. I can’t see AIA vitality option pop up. Can you please clarify the process.
- superbass on 12/04/2024 - 14:48
  
  premium need to be higher than $678 annual. I think you need to choose something we monthly premium of >$60
Associatedinswatch @ Insurance Watch on 12/04/2024 - 15:04

Adding Vitality to an AIA income protection policy provides a 7.5% discount in the first year. Therefore to get the option including Vitality to appear you will need to be seeing a premium without Vitality which is higher than $540 a year i.e. like $580 or more.

For Life/TPD/Trauma policies the first year discount is 17.5%. Therefore the premium without Vitality will be more like $635 a year before the Vitality option starts showing.

In either case, the minimum premium you will see for policies including Vitality will be $678 a year.

Sorry if this is confusing. By inputting higher amounts of cover you should be able to see the Vitality option appear.
- JetBombat on 12/04/2024 - 22:34
  
  I selected MLC Life Cover policy for $800 annually and do not see Vitality appear anywhere on the insurancewatch website. Am I doing it wrong?
  - Associatedinswatch @ Insurance Watch on 13/04/2024 - 13:47
    
    Only AIA policies will have Vitality attached, not any other insurers shown on the website.
Kods on 12/04/2024 - 19:48

I used to have vitality through Rest Super a couple of years ago until they remove it. Am I eligible for this offer as I didn't really cancel Vitality?
- Associatedinswatch @ Insurance Watch on 17/04/2024 - 12:47
  
  AIA have confirmed that REST Super members who formerly had an AIA Vitality membership, but do not currently have an AIA Priority Protection policy, will be eligible if they purchase a new AIA Priority Protection policy after 1st April 2024 with Vitality attached.
AussieMark on 15/04/2024 - 23:25

im with RACQ / AIA vitality, can i still get the $500 payout
- Associatedinswatch @ Insurance Watch on 17/04/2024 - 15:31
  
  If you have an existing RACQ insurance policy with AIA Vitality attached then this policy will not be eligible for the offer.
  
  You would need to take out a new AIA Priority Protection policy with Vitality attached and have Silver status at the end of 6 months in order to qualify.
superbass on 19/04/2024 - 23:24

How long does it take once you sign up online to get the AIA Vitality login to get 50% Fitness First?
- Associatedinswatch @ Insurance Watch on 20/04/2024 - 10:16
  
  Once your insurance policy is in place you usually receive the activation email for Vitality within a day or two. Then to get the 50% Fitness First discount you will need to physically go into Fitness First and show your AIA Vitality membership as described here
  
  There are a few steps to the insurance application - some initial paperwork and then a health statement completed online or by telephone. The insurer will then underwrite (assess) your application. How long it takes before the insurance policy is accepted will depend on your circumstances. If you do not have any health issues your policy could be accepted within days, but if more info is required e.g. from your doctor, it could take longer. So it is difficult to indicate a timing for this.
  - superbass on 20/04/2024 - 16:06
    
    Thanks. Just applied for AIA Crisis Recovery with Vitality Standalone as online
    I got an email saying that there will be a paperwork which I need to fill in, so I assume it isn't fully online?
    I will await for that email and fill them out.