AIA Priority Protection

1 Life s better with the right partner This AIA Priority Protection Supplementary Product Disclosure Statement ( SPDS ) supplements information contained in the AIA Priority Protection Product Disclosure Statement ( PDS ), Version 16, Date Prepared 10 December SPDS is issued by:1. AIA Australia Limited (ABN 79 004 837 861, AFSL 230043), who is the issuer of life risk insurance policies referable to Priority Protection ; and2. Aon Superannuation Pty Limited (ABN 83 057 982 822, AFSL 237465), who is the trustee of the Aon Master Trust (ABN 68 964 712 340) and the issuer of a risk-only superannuation product that provides the Superannuation Life Cover Plan and the Superannuation Income Protection Plan benefits to members of that Australia Limited and Aon Superannuation Pty Limited take full responsibility for the entirety of this SPDS.

2 This SPDS must be read in conjunction with the SPDS has been issued to inform you of the following important amendments to the PDS as a result of the introduction of the new Term Level premium Priority ProtectionSupplementary Product Disclosure StatementDate Prepared 29 April title on page 6 is updated to: Priority Protection Summary Stepped, level and Optimum premium patterns The following line is to be added below the entry age next birthday (years) between tables on pages 6 to 12: Minimum entry age of 35 (next birthday) applies where the Optimum premium pattern is selected. 2 Priority Protection Supplementary Product Disclosure StatementLife Cover Plan (Term Level only 5 year term)Life Cover BenefitRider BenefitsCrisis Recovery1 Crisis Recovery Buy-back1,2 Crisis Reinstate-ment1,3 TPD1 TPD Buy-back1,4 Entry age next birthday (years) betweenOccupation CategoryAAA, AA, A35 and 6535 and 6435 and 6035 and 6035 and 6435 and 60B35 and 60C, CTD35 and 5535 and 55E35 and 5035 and 50 Home Duties35 and 6035 and 60 Expiry ages and Maximum Sums Insured for each benefit are outlined on page 6 of the Cover Plan (Term Level only 10 year term)Life Cover BenefitRider BenefitsCrisis Recovery1 Crisis Recovery Buy-back1,2 Crisis Reinstate-ment1,3 TPD1 TPD Buy-back1,4 Entry age next birthday (years)

3 BetweenOccupation CategoryAAA, AA, A35 and 6035 and 6035 and 5535 and 5535 and 6035 and 60B35 and 5535 and 55C, CTDE35 and 4535 and 45 Home Duties35 and 5535 and 55 Expiry ages and Maximum Sums Insured for each benefit are outlined on page 6 of the Cover Plan (Term Level only 15 year term)Life Cover BenefitRider BenefitsCrisis Recovery1 Crisis Recovery Buy-back1,2 Crisis Reinstate-ment1,3 TPD1 TPD Buy-back1,4 Entry age next birthday (years) betweenOccupation CategoryAAA, AA, A35 and 5535 and 5535 and 5035 and 5035 and 5535 and 55B35 and 5035 and 50C, CTDE35 and 4035 and 40 Home Duties35 and 5035 and 50 Expiry ages and Maximum Sums Insured for each benefit are outlined on page 6 of the Life Cover Plan (Term Level only 5 year term)Life Cover BenefitRider BenefitsCrisis Recovery1,6 Crisis Recovery Buy- back1,2,6 Crisis Reinstate- ment1,3,6 TPD1 TPD Buy- back1,4 Maxi- miser5 Entry age next birthday (years) betweenOccupation CategoryAAA, AA, A35 and 6535 and 6435 and 6035 and 6035 and 6435 and 6035 and 64B35 and 6035 and 60C, CTD35 and 5535 and 55 Not availableE35 and 5035 and 50 Home Duties35 and 6035 and 60 Expiry ages and Maximum Sums Insured for each benefit are outlined on pages 10 and 11 of the Life Cover Plan (Term Level only 10 year term)Life Cover BenefitRider BenefitsCrisis Recovery1,6 Crisis Recovery Buy- back1,2,6 Crisis Reinstate- ment1,3,6 TPD1 TPD Buy- back1,4 Maxi- miser5 Entry age next birthday (years)

4 BetweenOccupation CategoryAAA, AA, A35 and 6035 and 6035 and 5535 and 5535 and 6035 and 6035 and 60B35 and 5535 and 5535 and 55C, CTDNot availableE35 and 4535 and 45 Home Duties35 and 5535 and 55 Expiry ages and Maximum Sums Insured for each benefit are outlined on pages 10 and 11 of the Life Cover Plan (Term Level only 15 year term)Life Cover BenefitRider BenefitsCrisis Recovery1,6 Crisis Recovery Buy- back1,2,6 Crisis Reinstate- ment1,3,6 TPD1 TPD Buy- back1,4 Maxi- miser5 Entry age next birthday (years) betweenOccupation CategoryAAA, AA, A35 and 5535 and 5535 and 5035 and 5035 and 5535 and 5535 and 55B35 and 5035 and 5035 and 50C, CTDNot availableE35 and 4035 and 40 Home Duties35 and 5035 and 50 Expiry ages and Maximum Sums Insured for each benefit are outlined on pages 10 and 11 of the following tables are to be added on a new page between pages 12 and Protection Summary Term Level premium pattern onlyThe footnotes on this page are applicable to numbered items on this Life Cover benefit must be Crisis Recovery benefit must be Crisis Recovery Buy-back benefit must be Total and Permanent Disablement benefit must be Total and Permanent Disablement (Any Occupation definition)

5 Must be purchased inside Only available under a linked policy outside of Protection Supplementary Product Disclosure StatementThe Premium structure section of the table on page 14 is updated as follows:Life Cover Benefit5-year Term10-year TermAcci- dental DeathPremium structureLevel Premiums3 3 3 3 Stepped Premiums3 3 3 Optimum Premiums3 Term Level Premiums3 The Premium structure section of the table on page 18 is updated as follows:Total and Permanent DisablementAccidental Total and Permanent DisablementPremium structureLevel Premiums33 Stepped Premiums3 Optimum Premiums3 Term Level Premiums3 (Rider only)The Premium structure section of the table on page 22 is updated as follows:Total and Permanent Disablement Buy-backPremium structureLevel Premiums3 Stepped Premiums3 Optimum Premiums3 Term Level Premiums3 The Premium structure section of the table on page 28 is updated as follows:Crisis RecoveryPremium structureLevel Premiums3 Stepped Premiums3 Optimum Premiums3 Term Level Premiums3 (Rider to Life Cover benefit only)The Premium structure section of the table on page 33 is updated as follows:Crisis Recovery Buy-back*Premium structureStepped Premiums3 Level Premiums3 Optimum Premiums3 Term Level Premiums3 The Premium structure section of the table on page 34 is updated as follows.

6 Crisis Recovery ReinstatementPremium structureStepped Premiums3 Level Premiums3 Optimum Premiums3 Term Level Premiums3 (Rider to Crisis Recovery Buy-back only)The Premium structure section of the table on page 74 is updated as follows:PLUS (outside super)Premium structureLevel Premiums3 Stepped Premiums3 Optimum Premiums3 Term Level Premiums3 (selected benefits refer to page 78)The Premium structure section of the table on page 75 is updated as follows:Maximiser (outside super)Premium structureLevel Premiums3 Stepped Premiums3 Optimum Premiums3 Term Level Premiums3 (Rider to Total and Permanent Disablement benefit only)4 Priority Protection Supplementary Product Disclosure StatementAIA Australia Limited (ABN 79 004 837 861 AFSL 230043) AIA07390 04/17 The table in the Premium patterns section is updated by inserting the following row after the Level Level You can choose to keep your premiums constant each year for an initial term of 5, 10 or 15 years.

7 After this time, your premiums will default to a stepped premium basis until the benefit Expiry Date and you may also receive a discount on your stepped premium of or 5% (see the Loyalty discount section on page 79).The Term Level premium type is available only when the life insured is age 35 (next birthday) or older. The maximum entry ages vary depending on the initial term selected (see page 13 for more information).The Term Level premium pattern is available for the following benefits under the Life Cover Plan and Superannuation Life Cover Plan: Life Cover Total and Permanent Disablement Total and Permanent Disablement Buy-back Crisis Recovery (Life Cover Plan only) Crisis Recovery Buy-back (Life Cover Plan only) Crisis Reinstatement (Life Cover Plan only)including where those benefits are taken out through Superannuation PLUS or Maximiser, as : Your premiums under the level, Term Level or Optimum premium pattern may remain constant for a period of time, despite increases to your age, but they can still change in certain circumstances.

8 See for example the sections Benefit indexation increases on page 78 and Changes to fees and charges on page section under Can I alter my premium pattern on page 78 is replaced with: OptimumSwitches from Optimum to either a stepped, level or Term Level premium structure cannot be made once your policy has LevelSwitches from Term Level to either a stepped, level or Optimum premium structure cannot be made during the initial term. Switches from Term Level to another Term Level premium structure (for example, 5 year Term Level to another 5 year Term Level or a 10 year Term Level) cannot be made without cancelling and replacing your policy. The new policy will be subject to the rates according to your age at the time of the replacement policy from stepped to level, Optimum or Term Level premiums cannot be made without cancelling and replacing your policy.

9 The new policy will be subject to the rates according to your age at the time of the replacement policy from level to stepped premiums can be made at any time unless otherwise from level to Term Level or Optimum premiums cannot be made without cancelling and replacing your policy. The new policy will be subject to the rates according to your age at the time of the replacement policy commencing. The paragraph under Benefit indexation increases on page 78 is replaced with: Your premium will be adjusted to allow for the higher Sum Insured and/or the higher Insured Monthly Benefit and the age of the life insured at the time. If you pay level premiums, your age at the commencement of the benefit will be used to calculate the premium for the increase. If you pay Term Level premiums, your age at the commencement of the benefit will be used to calculate the premium for the increase for the initial term only.

10 At the end of the initial term, your premium will be adjusted based on your age at the time of the increase and may increase with age. The following paragraph is added before Large Sum Insured discount within the Premium discounts section on page 79: Loyalty discount (Term Level premium patterns only)All benefits purchased on a Term Level premium basis will receive a loyalty discount at the end of their initial term when the premiums convert to stepped. The discount varies depending on the length of the initial term termDiscount5 or 15 years5%The discount will apply to that benefit until its Expiry Date and is transferable to any replacement policy. Please note that only one loyalty discount will apply at any time. The loyalty discount will not apply to any new benefits added or any increases in risk or sums insured (excluding benefit indexation increases) after the initial term.