Download Product Disclosure Statement & Policy Document - AAMI

Your premium is guaranteed not to change for 12
months from your policy commencement date. After this
period, your premium will generally increase each year
with age and as a result of the Automatic Indexation
Benefit as explained on page 8. We can also change
the premium rate for all policies of the same kind by
providing you with at least 30 days’ written notice. If
we adjust our premium rates, you will be charged the
new premium from your next policy anniversary.
Premiums received are paid into our No. 1 statutory
fund. A policy issued in relation to AAMI Life Insurance
Express does not participate in any surplus arising in
our statutory funds.
8.1 Are you eligible for a discount?
There are two types of discounts available under
AAMI Life Insurance Express: the Large Sum Insured
Discount and Family Discount. You may be eligible for
one or both of them.
Large Sum Insured Discount
With the Large Sum Insured Discount, the higher the
sum insured you choose, the larger the discount that
applies to your policy. The following table shows how
the discounts will be applied:
Sum Insured Range (inclusive)
Up to $150,000
Discount
Nil
$200,000 & $250,000 10%
$300,000 to $500,000 20%
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