Life cover.

• Waiver of premium cover

  If the customer is totally disabled, or they are receiving a partial disability benefit under an income protection type cover on the same policy, the premiums due on the entire policy after the waiting period ends will be waived. While the customer needs to pay premiums during the waiting period, any premiums paid during that period will be refunded.

  For the details, download the policy wording

  Platinum Plus, Platinum Plus Level, Mortgage Protector

• Total and permanent disability cover - accelerated

  Total and permanent disability cover is paid out as a lump sum should your customer become totally and permanently disabled and unable to work. If Total and permanent disability – Accelerated is added to Life cover or Survivor’s income covers and a Total and permanent disability claim is paid, the amount of the claim will be deducted from the Life cover.

  For an additional premium, customers may be able to buy back the amount of the reduced life cover after 12 months of the claim payment, without any medical (applies to Life Assurance Cover only).

  Click here for more information on our Total and permanent disability cover.

• Trauma cover - accelerated

  Trauma cover pays a lump sum if your customer suffers a specified condition such as a stroke, a heart attack, cancer or loss of a limb/s. If Trauma cover – Accelerated is added to Life cover or Survivor’s income cover, and a Trauma claim is paid, the amount of the claim will be deducted from the Life cover or Survivor’s income cover.

  For an additional premium, customers may be able to buy back the amount of the reduced Life Assurance Cover after 12 months of the claim payment, without any medical evidence and subject to conditions (applies to Life Assurance Cover only).

  Click here for more information on our Trauma cover.

• Trauma multi cover - accelerated

  Trauma multi cover is designed to provide ongoing cover for a multiple number of unrelated conditions which may occur over the life of your customer’s cover. If Trauma multi cover – Accelerated is added to Life cover, and a Trauma multi claim is paid, the amount of the claim will be deducted from the Life cover.

  For an additional premium, customers can buy back the amount of the reduced Life cover after 12 months of the claim payment, without any medical evidence and subject to conditions (applies to Life cover only).

  Click here for more information on our Trauma multi cover.

• Terminal illness booster cover

  This cover pays an additional amount if your customer is diagnosed with a terminal illness and survives for at least 30 days. Customers can apply for up to an additional 25% of the Life cover sum assured. The maximum Terminal illness booster cover is $500,000.

  Available in Platinum Plus and Mortgage Protector

  For all the details for Terminal illness booster cover

  Download the policy wording

• Child’s future insurability option

  This is available for children up to age 15, securing their future ability to take out life cover. Customers can have their child pre-approved now and as soon as they turn a specified age or a specific event happens (such as getting married), they have the one-time option to take out life cover for that child without the need for information about their health, occupation or pastimes.

  For all the details for Children’s future insurability option

  Download the policy wording

For business customers

• Business future insurability option

  With business growth comes increased risk. This option allows an owner to increase their Life Assurance cover when certain financial changes happen in their business without requiring further medical evidence.

  Available in Platinum Plus

• Does Life cover offer a bereavement payment?

  Yes. We’ll pay an early benefit of up to $25,000 to cover some of those more pressing costs (like a funeral). The rest is paid out later as a lump sum for family to put towards what matters most to them.

• How will Survivor’s Income Cover be paid out?

  We offer a number of benefit periods from 2 to 30 years or the customer can choose a benefit period up to the date at which the insured person would have reached their 55th, 60th or 65th birthday.

  A customer can also choose the regular payment option where a benefit is payable until the death of a nominated beneficiary (e.g. a spouse, partner or a child) who may need an income for the rest of their life.

  The minimum monthly benefit starts at $500 to a maximum of $50,000 depending on what your customer chooses, subject to financial and medical underwriting.

• When can my customer increase or add accelerated Trauma cover and Total and permanent disability cover, without further medical information?

  Experiencing certain life events allows customers to increase their cover or add an accelerated Trauma cover or Total and permanent disability cover, without additional medical evidence. For example: getting married, civil union, having children or taking out a mortgage, stopping work to take full time care of a dependent relative or when they reach ages 25, 30, 35, 40 or 45.

  Business customers may also be able to increase their cover by up to $250,000, or 25% of the sum assured, without additional medical evidence. The increased cover amount will be proportional to the customer’s increased value to the business or any loan increase.

• What’s the difference between Life cover and Survivor’s income cover?

  Life cover is paid out as a lump sum, whereas Survivor’s Income Cover is a regular monthly payment. Combining the two covers can provide a powerful and useful combination of a lump sum payment (to pay off or manage debts) and ongoing income (to fund everyday, ongoing family expenses).