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Complete Disablement Cover

Insurance that pays you a lump sum amount if you become completely disabled as a result of illness or injury.
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Why do you need Complete Disablement Cover?

If you become completely disabled through illness or injury, you may only receive limited ACC cover or a basic sickness benefit. If you lose your income, you may face extra costs to assist with your daily living such as alterations to your house or paying for care. Having Complete Disablement Cover can help minimise the financial impact and allow you to make choices about the care or treatment you may require. 

You will receive a lump sum amount and it's your choice how you use the money. Some examples of how this money can help are: 

  • subsidise a lost income
  • cover day-to-day expenses (eg power, phone, food, petrol)
  • help cover debts (eg mortgage, credit cards)
  • assist with medical costs associated with recovery
  • seek alternative treatments
  • pay for home alterations, rehabilitation and home help.
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Accelerated or standalone

Complete Disablement 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 Complete Disablement Cover claims. 
 

Alternatively Complete Disablement Cover can be  'standalone’, which means  that any Complete Disablement Cover claim paid is independent of any Life Cover.  

Benefits

Complete Disablement Cover provides several benefits that are built into the cover as well as some optional benefits you can choose to add at an additional cost,  so it's easy to tailor your Complete Disablement Cover to suit your needs and budget.

Built-in benefits

Complete  Disablement Benefit

Payment of the full Complete Disablement Cover sum insured if you become completely disabled.

Support Person Accommodation Grant & 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 Disablement Benefit

A partial payment for loss of sight in one eye or the loss of use of one limb.
 

Financial & Legal Advice

A reimbursement of  up to $2,500 for the costs of receiving professional advice.

Return to Home Benefit

Cover for costs of up to $10,000 to get you back to New Zealand if you become completely disabled while living overseas.

Life Events Benefit

Allows you to increase your sum insured by up to $250,000 if you experience a certain life event, without further assessment of your health.

Optional benefits

Optional  Guaranteed  Insurability

Allows you to increase your sum insured every 2 years by up to $50,000 without further assessment of your health.

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 Complete Disablement Cover.

Is Assurance Extra for me?
Is Assurance Extra 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.
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Other Cover options

Trauma Cover

Insurance that pays a lump sum if you or a key person gets a defined illness or condition for the first time.

Find out more

Complete Disablement Cover

Insurance that provides a lump sum if you or a key person becomes completely or partially disabled due to illness or injury.

Find out more

Monthly Disability Cover

Insurance that pays a monthly amount in the event you or one of your key people are unable to work as a result of illness.

Find out more

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

 

Please refer to the policy wordings for our full requirements and eligibility criteria. The content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a financial advice service. It is recommended you seek financial advice which takes into account your individual circumstances before you acquire a financial product. The information is current as at August 2022 and is subject to change.