Policy Documents
You’ve found your way to some of the most important documents we’ve ever written. Insurance is a tricky little thing and we try to make it as simple and easy for you as possible, but the law says we have to give you all the specific details of it in a Product Disclosure Statement (or PDS for short). You’ll soon find out they tell you everything about what’s covered, and what’s not, under Essentials by AAI’s car or contents insurance policies.
Product Disclosure Statement
An important legal document that contains the terms and conditions of your cover, including what is and isn’t covered and any limits that apply.
| We’ve made changes to our PDS – view them here |
Supplementary Product Disclosure Statement
Effective for policies commenced or renewing on or after 3 September 2022.
Read the Supplementary Product Disclosure Statement
Update pursuant to ASIC Corporations Instrument 2016/1055
Effective for new business or policy renewals on or after 31 January 2023. This is to be read in conjunction with the PDS.
Read the Update pursuant to ASIC Corporations Instrument 2016/1055
Additional Information Guide
This guide will provide you with further information about how we calculate premiums, and about excesses, and claims payments.
Read the Additional Information Guide
Key Facts Sheet
Offers a very short summary of the type of events covered, with an example of what is not covered. It is not a statement of your Contents Insurance cover or a policy document. Effective for new business or policy renewals on or after 16 March 2021.
Read the Contents Insurance Key Facts Sheet
Target Market Determination (TMD)
A Target Market Determination (TMD) explains which customers a particular insurance product may be suitable for and outlines how our products are distributed and the review requirements we have for the product.
Read the Car Insurance Target Market Determination. Original Date: 25/08/2021, Updated: 07/09/2023
Financial Hardship Form
Need help paying us?
If you owe us money and you are experiencing financial hardship, you can ask us to assess whether we can give you assistance. To access our financial hardship processes please contact us on 1800 429 598 or email financialprofile@essentialsbyaai.com.au.
We will ask you to complete an application detailing your financial situation, which allows us to make an assessment of your situation and enables us to identify the best possible solution.
Read the Financial Hardship Form
Product Development and Distribution Policy
View Essentials’ approach to product development and distribution.
Read the Product Development and Distribution Policy. Effective 31 August 2023
Older Policy Documents
Product Disclosure Statement
Read this Product Disclosure Statement if your policy commenced or renewed prior to 16 March 2021
Supplementary Product Disclosure Statement
Effective for new business or policy renewals between 5 February 2019 and 15 March 2021. This is to be read in conjunction with the PDS issued prior to 16 March 2021.
Read the Supplementary Product Disclosure Statement
Premiums, Excesses, Discounts & Claim Payments Guide
For policies purchased with a commencement date or a renewal effective date between 4 September 2017 and 15 March 2021.
Read the Premiums, Excesses, Discounts & Claim Payments Guide
Key Facts Sheet
Offers a very short summary of the type of events covered, with an example of what is not covered. It is not a statement of your Contents Insurance cover. For policies purchased with a commencement date or a renewal effective date prior to 16 March 2021.
Read the Contents Insurance Key Facts Sheet
Update pursuant to ASIC Corporations Instrument 2016/1055
Effective for new business or policy renewals between 4 February 2019 and 15 March 2021. This is to be read in conjunction with the PDS.
Read the Update pursuant to ASIC Corporations Instrument 2016/1055
Target Market Determination (TMD)
A Target Market Determination (TMD) explains which customers a particular insurance product may be suitable for and outlines how our products are distributed and the review requirements we have for the product.
Read the Car Insurance Target Market Determination. ESS00028 07/03/23 A
Read the Contents Insurance Target Market Determination. ESS00029 25/08/21 A
Product Development and Distribution Policy
View Essentials’ approach to product development and distribution.
Read the Product Development and Distribution Policy. Effective up to 30 August 2023