skip to main content

Premium Cover

We'll cover your total insurance premiums if you become disabled and are unable to work.

Why would I need Premium Cover?

Premium Cover would pay for the cost of your policy for the entire time you're on claim, meaning you have one less thing to budget for.


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.

What's covered?
What's covered?

Your total premiums will be paid for if you become disabled.

If you’ve been totally disabled or partially disabled during the waiting period and remain totally disabled or return to work with a partial disability, where an illness or injury causes you to be unable to earn more than 75 per cent of your pre-disability income from your pre-disability occupation, this benefit will pay for the regular total premiums needed to continue your policy.

Why it's important

Relieves you and your family of the financial responsibility of paying your premium during your treatment and recovery, or while you ease back into work.

Your total premium will be paid if you're made redundant, declared bankrupt or if your company goes into liquidation.

If you were made redundant, declared bankrupt or your company goes into liquidation for at least the waiting period, this benefit will continue to pay for the total premium on your policy for up to six months or until you return to work (whichever happens first).

Why it's important

Ensures that your policy remains in force in the event you lose your job or are made bankrupt.

If you die, this benefit will pay for the total premium for the remaining lives assured on the policy for up to 2 years. This benefit is only available when your policy has been in force for at least three years in a row.

Why it's important

Reassurance that if the worst was to happen, your family will still be covered after you’ve gone.

Waiver of your waiting period if your disability returns within 12 months of going off claim.

If you become totally disabled or partially disabled again because of the same illness or injury within 12 months of the original Disability Benefit claim ending, your waiting period will be waived and your claim for the same illness or injury will be assessed as a continuing claim on the original Disability Benefit claim.

Why it's important

If you suffer a recurrence of the same disability you would not have to wait out the period again.

Is Premium Cover right for me?

Leave your details and a qualified Adviser will give you a call to discuss your 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