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
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.
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