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Redundancy Cover

Insurance that pays a monthly amount for up to six months if you're made involuntarily redundant.

Benefits of Redundancy Cover

If you're made involuntarily redundant, we'll provide you with a monthly payment to help pay for your living expenses.

You can select this option alongside Assurance Extra Income Cover and/or Mortgage Repayment Cover.


The information provided is only a summary of the product features and terms of cover. 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 included:
What's included:

Receive a monthly payment for up to six months if you 're made involuntarily redundant.

Provides cover of up to $4,000 per month.

Provides coverage for two periods of redundancy during the cover term.

Access to our Chubb Life Client Benefits which offers a range of additional services to support you.

Is Redundancy Cover for me?

Leave your details and an Insurance Adviser will give you a call.

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