Cover Conversion Option
Allows you to convert your Life Cover to another policy if your circumstances change.
Trauma Cover
Insurance that pays a lump sum if you or a key person gets a defined illness or condition for the first time.
Accelerated or standalone
Trauma Cover can be ‘accelerated’ against Life Cover. This means that the Life Cover sum insured will be reduced by the amount we pay for any Trauma Cover claims.
The sum insured for any other accelerated covers may also be reduced.
Alternatively, Trauma Cover can be ‘standalone’, which means that any Trauma Cover claim paid is independent of any Life Cover.
Benefits
Trauma Cover provides several benefits that are built into the cover as well as some options you can choose to add at an additional cost. This makes it easy to tailor your Trauma Cover to suit your needs and budget.
Built-in benefits
Full Trauma Benefit
Payment of the full Trauma Cover sum insured if you get a covered condition under our Full Trauma Benefit.
Diagnosis Benefit
An early payment of 25 percent of the Trauma Cover sum insured (up to $75,000) if you're diagnosed with one of the specific conditions.
Support Person Accommodation & Transfer Benefit
Cover for costs of accommodation and transport for a support person to go with you if you need to travel away from your home area for treatment.
Partial Benefit
A partial payment of 25 percent of the Trauma Cover sum insured (up to $75,000) if you get a condition listed under our Partial Benefit.
Financial & Legal Advice
A reimbursement of up to $2,500 for the costs of receiving professional advice.
Optional benefits
Business Increase
Allows you to increase the sum insured without further assessment of health if there's a justified need for additional cover.
Optional Life Cover Buy-Back (accelerated only)
You can ‘buy back’ your Life Cover that has been reduced if you’ve made a claim on your accelerated Trauma Cover.
FAQs
- Intentional self-harm including attempted suicide
- Taking part in a criminal activity
- If the life assured doesn't survive for at least 14 days after first meeting the criteria for a covered condition.
Trauma Cover provides you with comprehensive cover for a number of serious illnesses and conditions as outlined in the brochure linked below. To make a claim, you need to meet the relevant criteria of the condition. The full criteria can be found in the Trauma Cover policy wording.
A Full Trauma Benefit, Partial Benefit or Diagnosis Benefit may be payable depending on the criteria met for the condition.
Is Assurance Extra Business for me?
Is Assurance Extra Business for me?
Find the right cover
To make sure you choose the right cover for your needs, you'll need the help of a qualified Financial Adviser. We can connect you with an Adviser near you.
Leave your details and someone will give you a call for a quick, no-obligation chat about your personal insurance needs.
Other Cover options
Your insurance is underwritten by Chubb Life Insurance New Zealand Limited (Chubb Life). Chubb Life has an A (Excellent) financial strength rating given by A.M. Best Company Inc. A summary of the rating scale is: A++, A+ Superior | A, A- Excellent | B++, B+ Good | B, B- Fair | C++, C+ Marginal | C, C- Weak | D Poor | E Under Regulatory Supervision | F In Liquidation | S Suspended. For the full rating scale and more rating information visit www.ambest.com/ratings/guide.pdf