Life cover

Life cover pays a lump sum if the life insured dies or suffers a terminal illness where death is likely to occur within 12 months. If the life insured and the policy owner are the same person, then on the death of the life insured, any benefit payable will go to his/her estate. Life cover amounts are payable under the Allianz Life Plan regardless of any other insurance you may have in place.

The maximum benefit payable for each life insured is the relevant Cover Amount shown on the policy schedule for the relevant life insured.

The minimum Life Cover Amount that can be applied for is $100,000. The maximum Life Cover Amount you can apply for is based on your current age and is illustrated in the table below:

Age at application	Minimum	Maximum
16 - 45	$100,000	$1.5 Million
46 - 55	$100,000	$1 Million
56-65	$100,000	$500,000

Inflation Proofing

Life Cover Amounts automatically increase each year to keep pace with inflation (the increase will be the greater of the increase in the CPI over the previous year or 5%). Each year, premiums will be adjusted to reflect this increase and any increase can be declined by advising in writing.

Eligibility for Life Cover

Anyone between the ages of 16 to 65 (inclusive) may apply for Life cover. Some questions about your health, lifestyle and family medical history will be asked to determine whether or not Allianz Life are able to offer you cover. Once a policy has been accepted and issued, and provided premiums are paid as due, Allianz Life guarantee to renew it until the life insured's 99th birthday.

When we will not pay a benefit

There are circumstances in which Allianz Life will not pay a benefit for death or terminal illness. They will not pay a claim that arises directly or indirectly from:

• Suicide of the life insured that occurs within the first 13 months of the commencement of the cover, any increase in cover (but only in respect of the increase) or where Allianz Life has agreed to reinstate the policy after it has lapsed.
• No Life cover benefits will be paid in any circumstances if the life insured has not applied for the cover personally or where the application was completed on behalf of another person.

Allianz Life may also decline a claim in circumstances of non-disclosure. For information on when Allianz Life may refuse a claim due to non-disclosure, please refer to "Important Information" section of the Product Disclosure Statement below.

Buying life insurance is easy with Allianz Life. There is no better time than now to protect your family's future. For more information, please click here, or call us on 1800 221 773.