Rest Ends AIA Insurance Partnership
Russell Cain Updated: 12 February 2020
From 1 December 2019, Rest Superannuation transferred all their membersâ insurance from AIA Australia to TAL Life Limited (TAL). If you’re a Rest member, your current coverage and benefits will change from 31 March 2020. REST AIA Vitality membership will also cease.
TAL Insurance replaces AIA Insurance
Rest, one of Australiaâs largest super funds previously
enjoyed a 15-year relationship with AIA Australia. However, after reviewing
both companiesâ insurance offerings, Rest felt that TAL would offer its members
more affordable and flexible insurance.
In May 2019, the super fund asked TAL to become its new life
insurance provider and started the transfer on 1 December 2019. Current Rest
insurance members will remain unaffected until 31 March 2020.
Losing your Rest AIA Vitality benefits
As noted on the REST website, if you have an active AIA Vitality membership, your access will cease on the 1ste of May 2020 because the wellness program was offered to Rest members as part of the insurance partnership with AIA.
Take note: REST insurance members only had access to
Vitality Light and not the full benefits of Vitality which includes many more discounts
and rewards. Here is a summary of what the full Vitality offering looks like.
If you have not purchased another AIA insurance product that
includes AIA Vitality before 31 March 2020, youâll lose your exiting Vitality
status and points.
How to keep your AIA Vitality membership
To keep your AIA Vitality membership, you’re required to have an eligible, active (in force) life or health insurance policy that includes AIA Vitality before 31 March 2020, such as:
Life insurance with AIA Vitality
AIA Priority Protection life insurance policy: Monthly premiums from as low as $36.50. AIA Priority Protection income protection policy: A minimum monthly premium starting from $36.50. Life or income protection from RACQ: RAC members must reside inside Western Australia, and RACQ members must live in Queensland.
Health Insurance with AIA Vitality
myOwn health Insurance: Purchase a Basic Hospital policy ($500 Excess) from $99.46 per month.GMHBA health insurance: For $95.45 a month, you can get AIA Vitality when purchasing a Bronze Essential Hospital policy.
Take note: The above prices were based on a single adult living in NSW, purchasing cover on February 2020.
Frequently asked questions and answers
What happens to your AIA points?
If you want to keep your current AIA Vitality status and points, youâll need to purchase an eligible product that comes with AIA Vitality and is inforce/fully active before 31 March 2020. However, should you buy a suitable AIA product from 1 April 2020, youâll start as a new member on a Bronze status with zero points.
Until when can you still earn AIA Active Benefits?
You can earn Active Benefit points up until 26 April 2020. Make sure your gym visits and physical activity are synched to your AIA Vitality account before 28 April 2020.
What benefits can you expect from TAL?
Rest does not yet have a new wellness program connected with TAL Life Limited, but they are looking into different options and will update members with more information in the future.
