BankVic

AEA-V Income Protection Scheme

Benefits

Features and benefits of the Scheme

  • Automatic acceptance for new members
  • No medicals
  • Only a 30-day wait period
  • Benefits payable for up to two years, ceasing at age 65
  • Premiums are 100% tax-deductible
  • Worldwide cover
  • Premium waiver while receiving benefits - AEA-V - IP claim
  • Competitive premium rates
  • Benefits are 75% of gross salary
  • Partial disability benefits to assist a return to work at no loss to you after a claim
  • Payment of premium available as pre-tax salary packaging deduction*
Age of member at join/review date
Premium as a % of income
Under 35
1.50%
35 - 39
1.75%
40 - 44
2.00%
45 - 49
2.50%
50 - 54
3.00%
55 and over
3.25%

The above information is only a brief summary of some of the policy benefits and terms and conditions. You should read the Product Disclosure Statement (PDF) to understand the policy and ensure it is appropriate for your needs.

For more information, please call on (03) 9268 9313 or email AEAV@bankvic.com.au

* Ambulance Victoria employees only

Things to consider

  • Ongoing AEA-V Income Protection Scheme insurance through Lloyd's of London via your union.
  • The policy does not cover any injury or illness covered by workers compensation.
  • If you leave the plan, there is no guaranteed option to continue your own individual policy.


How to claim

For claim information, including claim application forms, please call BankVic on (03) 9268 9313 or email AEAV@bankvic.com.au

Please refer to the Product Disclosure Statement (PDF) for further information regarding the Scheme.

Apply now

To apply, complete the relevant form below:

AEA- V Income Protection Scheme application form (for Ambulance Victoria employees) (PDF)

AEA- V Income Protection Scheme application form (non Ambulance Victoria employees) (PDF)


Return your completed form to BankVic via:

Post:

BankVic, Reply Paid 90210, Melbourne VIC 8060, GPO Box 2074, Melbourne VIC 3001

Email:

AEAV@bankvic.com.au

Our financial planners are representatives of Police Financial Services Limited ABN 33 087 651 661 AFSL 240293 (BankVic) and members of the Financial Planning Association of Australia. BankVic administers this insurance product which is underwritten by Lloyds of London. This information is of a general nature and has been prepared without consideration of your objectives, financial situation or needs. Before acting on this information, you should consider whether this information is appropriate for you. Before you make any decision to acquire any financial planning or personal risk (life) insurance product or service, you should obtain and consider the relevant Product Disclosure Statement.

BSB: 704-230

Police Financial Services Limited - ABN 33 087 651 661
AFSL 240293 Australian Credit Licence 240293
General Enquiries 13 63 73
Copyright 2017