Cover for accidental death only
Accidental Death Insurance is not full life insurance. It pays out a lump sum if you die as a result of an accident. It doesn't cover you for death by natural causes and that's why the premiums are low.
What's not covered
Accidental Death Insurance does not cover certain events such as when you die as a result of participating in an illegal or criminal act, dangerous sports (e.g. motor racing, hang-gliding, bungy jumping), serving in the armed forces or any war-like activities.
Acceptance is guaranteed if you're 16-74 years old and a New Zealand resident. You do not need a medical, nor do you need to answer any medical questions.
Immediate insurance cover as soon as we receive your fully completed Accidental Death Insurance application form.
Length of cover
All cover will end when you turn 85.
Reduction in cover
After your 75th birthday your benefit will halve until the policy ceases when you turn 85.
Reach of cover
You're covered anywhere in the world.
Money is paid tax-free
It's a lump sum payout just like full life insurance. There is no income tax paid on the policy payout so you get all of the amount you are covered for.
You can nominate a joint owner
This can be your partner, spouse or anyone you wish. When you die, the payment will be made directly to them instead of your estate, making the money quickly available.
30-day no-obligation review
You enjoy a 30-day no-obligation review - if it's not what you expected or you change your mind we'll cancel your Accidental Death Insurance policy and refund any premiums paid.
Accidental Death Insurance premiums never increase unless you choose to increase your level of cover.
Definition of accidental death
We define Accidental Death as 'a single, sudden, unintended event that causes you bodily injury resulting in death'. The injury must be solely and directly caused by a sudden, violent, accidental and visible event. Accidental Death does not include things like death by an illness, disease or suicide. The policy wording has full details.
What isn't covered
Accidental Death Insurance doesn't cover certain events such as when you die as a result of participating in an illegal or criminal act, dangerous sports (e.g. mountaineering, motor racing, hang-gliding, parachuting, bungy jumping), serving in the armed forces or any warlike activities. The policy wording has full details.
End of cover
Your cover ends on the earliest of:
- the anniversary of the policy following your 85th birthday
- your death
- 30 days after missing a premium payment
- the date shown in your policy summary
Premiums can be paid monthly (direct debit and credit card only), quarterly, half-yearly or annually by direct debit, credit card or cheque.
How to make a claim
The person looking after your affairs will need to contact us on 0800 808 175 to inform us of your death so we can start the claim process.
We'll need the date of death, cause of death and contact details for the administrator of your estate, e.g. solicitor or a family member. We'll contact the administrator of the estate for any further information needed to process the claim, such as:
- the completed claim form
- the death certificate
- your will (if you have one) - this will not be required if you have selected a second owner
- any medical information
We may also require Probate or Letters of Administration (legal documents required if you have more than $15,000 worth of cover going to your estate).
Once these documents are received and the claim is accepted, it will be settled immediately. The payout will go to your estate or second owner, the person you've chosen to receive the payment.