Eligible AIA Vitality members who are using the AIA Vitality app on an iOS device can take up the benefit through the AIA Vitality app. You must be approved for an etika loan.
You will then need to redeem your Apple Watch from Optus by using your Optus Promo Code issued within the AIA Vitality app within 10 days before the benefit starts tracking (tracking starts the first Monday of the next month after you are approved by etika). When selecting your choice of Apple Watch, you also need to sign up to an Optus Choice Watch Plan for 24 months. Optus will complete a short ID and, if applicable, credit check before approving your application and despatching your new Apple Watch Series 7.
AIA Vitality will automatically allocate a member's weekly $5 Active Benefits reward to the repayment of the Apple Watch over a period of 24 months. If you achieve all weekly Active Benefits targets in a calendar month, your entire $27 repayment is covered by AIA Vitality. If you don’t achieve all weekly Active Benefits, you will need to pay the balance of the loan repayment.
You will need to retain your AIA Vitality membership for 24 months from activation of the ‘Active Benefits’ rewards to continue the Benefit.
If you choose to cancel your AIA Vitality membership within the first 24 months, you won’t be able to access the Benefit anymore. This means you won’t be able to reduce your monthly repayments through AIA Vitality Active Benefits. Please refer to your etika loan agreement for more details. Your Optus plan fees are not refundable. If you decide to cancel your Optus Watch plan the applicable credit on the 24 month plan fees ($120) will be forfeited. The original offer has a $869 value and the loan amount of $649 incorporates a discount, as a result the watch plan fees will not be refunded if you cancel early, and you will lose your connectivity.