Choose how it’s paid out
Customers can choose to either deduct any lump sum claim from their life cover (otherwise known as an accelerated benefit) or receive a lump sum claim on its own (a standalone benefit).
If 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 the Survivor’s income cover.
For an additional premium, customers can buy back the amount of the reduced Life cover 12 months after the claim payment, without any medical evidence and subject to conditions (applies to Life cover only).
Available in Platinum Plus, Platinum Plus Level Term and Mortgage Protector |
If taken in conjunction with Life cover and a trauma claim is paid, the amount of the claim won’t reduce the Life cover.
Available in Platinum Plus, Platinum Plus Level Term and Mortgage Protector |
These are a selection of the covers and options available and require payment of an additional premium – for full details please read the customer brochure.
If your 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 your customer needs to pay premiums during the waiting period, any premiums paid during that period will be refunded.
Provides your customers with financial protection against Total and permanent disability with a lump sum payment.
This option allows customers to reinstate their Trauma cover (standalone or accelerated) 12 months after a trauma claim. The reinstated Trauma cover is restricted to new conditions (i.e. they cannot claim twice for the same condition) and any pre-existing conditions are excluded, subject to additional requirements.
With business growth comes increased risk. This option allows a business owner to increase their Trauma cover when certain financial changes happen in their business without requiring further medical evidence.
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 customer brochure.
See FAQsYes – customers need to be between 16 and 64 (standalone cover) or 16 and 69 (accelerated cover)
Standalone cover lasts until age 70 – while an accelerated cover lasts for life.
$2 million
Some conditions aren’t covered for the first three months. Check out the factsheet for details.
Yes. Experiencing certain life events allows customers to increase their 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.
Contact your Business Manager or call us on 0800 88 22 88 - we’re here to help.