AIA Vitality Options

I’ve stumbled across AIA Vitality and was hoping to get a better understanding of whether it’s worthwhile.

For background, I’m currently paying close to $30 per month for extras cover and getting death/TPD and income protection insurance through First State Super (paying $35 per month).

From what I can see, my options for signing up (being based in Melbourne) are myOwn ($110 per month for hospital and extras cover), GMHBA ($130 per month for hospital and extras cover), MaxLife Life Insurance ($65 per month for accident and illness cover) or REST Super.

One thing I’ve seen is that some people potentially have access to AIA Vitality through their super fund? Is this an option for me?

In short, what’s the cheapest way to sign up for it?

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AIA Vitality
AIA Vitality

Comments

  •  

    I'm a member and think the program is great. PITA to sign up though as AIA only conduct business through partners. Would be much easier with a direct channel. I had to go to Life Insurance Direct after RAC cancelled their coverage for people outside of WA. LID are not easy to deal with but should be able to give you a view of the absolute cheapest way they can offer to get access to the Vitality program.

  • +1 vote

    REST has been my method. I've been a member of theirs for 7 years, no extra cost involved with AIA. I did have RAC and then cancelled it after AIA was offered. I'm unsure what the balance minimums are needed to be eligible for AIA from REST, but it might be your cheapest way in.

    •  

      There is no minium with Rest, as long as you are a paying member ( min cost ~$1.20 a week)

    •  

      Does this mean changing my super fund to REST? Or can I have an additional REST super account on top of what I already have? (If the latter, do I need to make voluntary deductions from my salary to this account?)

      •  

        As long as you have some money in the account, I think that would count as an active member. It doesn't need to be the place where you current employer is contributing.

    •  

      I thought AIA with rest is only the basic version? So you only get the $5 a week gift card.

      •  

        My understanding is it still comes with the gym rewards (one of the main reasons I'm interested) and weekly gift card, but no Qantas cashback or 5000 point gift cards.

  •  

    I used to do income protection insurance through RACQ for $7/fortnight.

    Income protection insurance was also tax deductible.

  •  

    I'm currently using them through my REST super. It's been great, I'm getting a $5 voucher each week for hitting 500 points (I usually pick iTunes), and I also used them when I signed up to Anytime Fitness and now I get $100 back every quarter assuming I visit the gym 28 times in that period. Paying me to go to the gym is very motivating.

    •  

      hmmm i stopped using it after 1 month because it never tracks my progress. I'm basically forced to buy a smart watch or something :\

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