Sometimes referred to as Critical Illness insurance, Trauma Cover pays you a lump sum if you're diagnosed with a covered illness or condition for the first time.
If you get one of the defined serious illnesses or conditions for the first time, Trauma Cover will pay a lump sum amount, giving you the financial freedom to make your own choices about your future, at a time when your health has been seriously affected.
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.
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
seeking alternative treatments
paying for home alterations, rehabilitation and home help.
Alzheimer’s disease
Aortic surgery
Aplastic anaemia
Benign brain tumour or spinal cord tumour
Blindness+
Cancer*
Cardiomyopathy+
Chronic kidney (renal) failure+
Chronic liver failure+
Cognitive impairment
Coma
Coronary artery surgery*
Creutzfeldt-Jakob disease
Dementia
Encephalitis
End Stage Chronic Lung Disease+
Heart attack*
Heart valve replacement
HIV – medically acquired
HIV – occupationally acquired
Intensive care treatment
Loss of hearing+
Loss of independent existence
Loss of limb and sight
Loss of limbs
Loss of speech+
Major burns
Major head trauma
Meningitis and/or meningococcal disease
Motor neurone disease
Multiple sclerosis+
Muscular dystrophy
Open heart surgery
Organ transplant
Out of hospital cardiac arrest
Paralysis
Parkinson’s disease
Peripheral neuropathy
Pneumonectomy
Primary pulmonary hypertension
Severe diabetes
Severe inflammatory bowel disease
Stroke*
Systemic lupus erythematosus (SLE) with lupu nephritis
Systemic sclerosis+
Terminal Illness* (only if Trauma Cover – standalone has been selected)
Total and permanent disability (only if the Optional Total and Permanent Disablement Benefit has been selected)
Triple vessel angioplasty*
* No cover is provided for the 90 days immediately following the receipt of the application form by Chubb Life.
+ A diagnosis payment may be made upon meeting the diagnosis criteria of one of these conditions
Adult insulin dependent diabetes mellitus
Angioplasty*
Burns of limited extent
Carcinoma in situ*
Cerebral aneurysm
Chronic lymphocytic leukaemia*
Colostomy and/or ileostomy
Early stage malignant melanoma*
Heart valve replacement*
Hydrocephalus
Loss of limb
Low grade prostate cancer*
Severe osteoporosis
Severe rheumatoid arthritis
* No cover is provided for the 90 days immediately following the receipt of the application form by Chubb Life.
Is Trauma Cover right for me?
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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