Acceptance without medical evidence
Cover’s granted to eligible employees without any medical evidence, up to a specified amount.
Group cover.
Protecting a business’s most valuable assets – its people
For employers and business owners, providing insurance protection for their employees can be a valuable employment benefit which helps attract and retain staff and promotes workplace wellbeing.
Getting cover through their work can give employees peace of mind should something happen that affects their ability to work. In many cases, cover can be granted without any health evidence.
Our group covers include:
- Group life cover
- Group total and permanent disability cover
- Group trauma cover
- Group income protection cover
For more information please email our Group Risk team.
Group life cover
Life cover provides a lump sum payment in the event of death or terminal illness. This can provide peace of mind for employees and their families.
Read our Life cover info sheet.
Group total and permanent disability (TPD) cover
TPD cover provides a lump sum payment should their covered employees become totally and permanently disabled – and therefore unable to work – because of illness or injury. This cover is only available in conjunction with Group life cover as an accelerated benefit, where a claim will reduce the amount of life cover.
Read our Life & TPD insurance info sheet.
Group income protection cover
Income protection cover provides a regular monthly benefit payment should their covered employees be unable to work due to sickness or injury. Our Income protection cover is on an indemnity basis and may include proactive rehabilitation assistance to get the employee back to work as quickly as possible.
Read our Income protection insurance info sheet.
Group trauma cover
Trauma cover provides a lump sum payment should their covered employees suffer one of a specified list of trauma conditions. Your customer can choose from the following options:
- Standard cover – covers up to 13 medical conditions such as heart attack, stroke and cancer.
- Enhanced cover – covers up to 43 medical conditions including angioplasty, coronary artery bypass surgery, and severe burns.
Available with group cover:
These are a selection of the covers and options available – for full details please read the factsheet and policy wordings.
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This allows salary-related benefits to be adjusted as salary changes happen throughout the policy period, as opposed to once per year. This means the benefit will be calculated based on the employee’s salary on the date of the claim.
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Once an employee decides to leave or has left their employer, this option may allow them to, subject to meeting criteria, transfer the same level of cover to a Fidelity Life retail policy without any health information. An additional premium may be payable for this option.
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If a claim has been paid for 12 continuous months the benefit will be adjusted annually while on claim by the lesser of the most recent Consumer Price Index (CPI) or 5%. This option requires the payment of an additional premium.
Frequently Asked Questions
We’ve compiled a list of the most commonly asked questions about this cover. For the full run down though, it’s really important you read our factsheet and policy wordings.
See FAQs-
The minimum number of lives insured to start a group scheme is 10, with minimum annual premiums of $2,500 for each cover type and total minimum annual premiums of $5,000.
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Details will include name, date of birth, gender, job title or occupation and annual salary (if the sum insured/monthly benefit is salary related). The date each employee became eligible will also usually be required. We may also require other information we consider necessary in the circumstances.
Need more info?
For more information on Group cover, please email our Group risk team at grouprisk@fidelitylife.co.nz – we’re here to help.