Now's a good time to review your insurance

Checking that your cover matches your life is important, but we understand that it also needs to fit your current financial situation. We know the cost of living is putting real pressure on New Zealanders right now.

Here are some tips to keep your premiums within your budget, without giving up the cover you need:

• Smoking Status: Smokers pay higher premiums, so it pays to quit. Once you’ve been a non-smoker for 12 months, you can fill in a non-smoker declaration form and ask us for a review to see if your premiums can be reduced. 
• Health changes: If you are paying extra due to health reasons and believe your health has significantly improved, you can ask us for a review to see if your premiums can be reduced.
• Adjusting cover: There are also a number of ways to adjust your cover to lower the cost. Depending on the cover you have, you may be able to reduce the amount of cover, increase the waiting period or remove optional benefits or types of cover.  

Struggling to keep up with payments, or recently been made redundant? Please get in touch; we have options to help you maintain your cover through difficult times.

Having some cover is a great start, but if there are gaps it could mean you’re not covered when you need it most. For example, if you only hold Life Cover, you may have no financial protection if you're diagnosed with a serious illness, become disabled, or can't work for a period of time. With the average New Zealand household spending $1,598 per week*, even a short period without income can have a significant financial impact.

Your policy anniversary is the perfect opportunity to check for any gaps. Chubb Life offers a range of covers designed to protect against these risks. Explore our range of products online or contact us or your insurance adviser to make sure you're covered.

^{*Source: Household Expenditure Statistics: Year ended June 2023, stats.govt.nz}

Checking that your cover matches your business needs is important, but we understand it also needs to fit your current financial situation. We know the cost of living is putting real pressure on New Zealanders and their businesses right now.

There are a number of ways to keep your premiums within your budget, without giving up the cover you need. 

For example, depending on the cover you have, you may be able to:

• decline an inflation increase on your cover
• reduce the amount of cover
• increase the waiting period, or 
• remove optional benefits or types of cover.  

So, we recommend contacting your insurance adviser to discuss your options.

Struggling to keep up with payments? Please get in touch; we have options to help you maintain your cover through difficult times.

Having some cover is a great start, but if there are gaps, it could mean you’re not covered when you need it most. For example, if you only hold Life Cover, you may have no financial protection if a key person is unable to work due to serious illness or disability.

It’s more common than you might think. 38.7% of ACC clients take longer than 10 weeks to return to work*. For a business, even a short absence of a key person can have a significant financial impact.

Your policy anniversary provides a good opportunity to ask yourself:

• Could the business continue operating if a key person or I were to die or become seriously ill? 
• Could the business meet its debts and expenses if a key person were unable to work? 
• Do you have a plan if a business partner could no longer contribute due to illness, injury, or death? 
• Could your business survive without income for 6–12 months? 

Chubb Life offers a range of cover designed to protect against these risks. Explore our range of products online or contact us or your adviser to make sure your business is covered when needed. 

^{*Source: ACC Turnaround Plan Monthly Report, February 2026.}