PIE base ‘vital force, life, long life, eternity; also ‘endowed with the acme of vital force, young’. See also gʷei- ‘life’.
Other derivatives include ever, every, age, Greek aiōn ‘age, vital force’, and ayurveda, from Sanskrit āyuḥ ‘life, health’.
[Pokorny aiu̯-, ai̯u-, pp. 17–18.]