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Compare AA Life Insurance options

AA Life Insurance helps protect you and your loved ones financially if something unexpected happens. Compare our insurance covers to find the option(s) that best suit your needs.

Please check out our FAQs for terminology definitions and other commonly asked questions. 

Life Cover Image

Life Cover

Pays your loved ones a tax-free lump sum if you die or are diagnosed with a terminal illness, so they have financial support when they need it most. 

Income Protection Cover Image

Income Protection Cover

Monthly financial support for you and your family if illness or injury stops you from working. 

Serious Illness Cover Image

Serious Illness Cover

Pays a tax-free lump sum if you have a heart attack or stroke, are diagnosed with cancer, or become seriously incapacitated.

Cancer Care Cover Image

Cancer Care Cover

Pays a tax-free lump sum if you’re diagnosed with certain major or incurable cancers.

Funeral Cover Image

Funeral Cover

Pays a tax-free lump sum to ensure loved ones don’t face financial burden from funeral expenses during an already difficult time of grief.

Accidental Death Cover Image

Accidental Death Cover

Provides a tax-free lump sum if you pass away as a direct result of an accident. 

Serious Injury Cover Image

Serious Injury Cover

If you are ineligible for Income Protection you may be offered Serious Injury Cover. This cover pays a tax-free lump sum if you suffer one of a range of specified serious injuries. 

This is a summary only. For full details, including terms, conditions and applicable exclusions please read the policy wording.

Learn more about our cover options

How it's paid 

Lump sum.

What it helps with

Financial support for others if you die.

Common uses

To help replace income or cover ongoing financial commitments.

Maximum cover

$1.5 million.

Medical tests required for application?

No.

Example pricing

From $7.13 per week.

Based on $500,000 cover for a 40-year-old female AA Member who is a non-smoker. 

Premiums can be paid fortnightly, monthly, quarterly, half-yearly or annually.

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How it's paid 

Monthly payments.

What it helps with

Replacing income if you can’t work due to illness or injury

Common uses

To help cover living costs if unable to work.

Maximum cover

75% of income (as calculated in accordance with the policy), up to $8,000 per month. 

Medical tests required for application?

No.

Example pricing

From $16.52 per week.

Based on a $5,000 per month benefit for a 40-year-old female AA member who is a non-smoker, professional office worker, who has chosen a 90 day wait period and 2-year benefit period.

Premiums can be paid fortnightly, monthly, quarterly, half-yearly or annually. 

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How it's paid 

Lump sum.

What it helps with

Financial support if diagnosed with certain serious illnesses

Common uses

To help with recovery and life changes after a specified serious illness.

Maximum cover

$1 million.

Medical tests required for application?

No.

Example pricing

From $7.22 per week.

Based on $100,000 cover for a 40-year-old female AA Member who is a non-smoker.

Premiums can be paid fortnightly, monthly, quarterly, half-yearly or annually.

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How it's paid 

Lump sum.

What it helps with

Financial support if diagnosed with certain cancers.

Common uses

To help with costs and recovery after certain cancer diagnoses.

Maximum cover

$100,000.

Medical tests required for application?

No.

Example pricing: 

From $3.72 per week.

Based on $40,000 cover for a 40-year-old female AA Member who is a non-smoker.

Premiums can be paid fortnightly, monthly, quarterly, half-yearly or annually.

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How it's paid 

Lump sum.

What it helps with

Cover funeral costs.

Common uses

To have a set amount available for funeral costs.

Maximum cover?

$30,000.

Medical tests required for application?

No.

Example pricing

From $14.28 per week.

Based on $10,000 cover for a 66-year-old female AA Member who is a non-smoker.

Premiums can be paid fortnightly, monthly, quarterly, half-yearly or annually.

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How it's paid 

Lump sum.

What it helps with

Financial support if death is caused by an accident.

Common uses

Pay off debt or cover financial commitments.

Maximum cover?

$500,000.

Medical tests required for application?

No.

Example pricing

From $3.29 per week.

Based on $100,000 cover for a 40-year-old female AA Member who is a non-smoker.

Premiums can be paid fortnightly, monthly, quarterly, half-yearly or annually.

Get a quote
Learn more

How it's paid 

Lump sum.

What it helps with

Financial support if a specified serious injury is caused by an accident.

Common uses

Protection for specified serious injuries for people who cannot get Income Protection cover.

Maximum cover?

$5,000.

Medical tests required for application?

No.

Example pricing

If you are not eligible for Income Protection Cover, Serious Injury Cover may be offered to you, and the price will be shown to you as part of your application.

Learn more

Why choose AA Life Insurance

 We help New Zealanders take care of what matters, on the road, and in life.

roundel 5% AA Member discount
roundel 99.4% of claims paid out
roundel phone and laptop icon simple online application
roundel with headset icon and New Zealand based support caption

*Provide a valid AA Membership number at time of purchase. Discount applies to the total premium. 

^AA Life Insurance claim acceptance ratio Jan-Dec 2024 for Life, Cancer Care, Funeral, and Accidental Death Cover.   

PZ AA Life

Our insurance partner 

AA Life Insurance policies are distributed by the New Zealand Automobile Association (Incorporated) (AA) and provided and underwritten by Asteron Life Limited. You should consider the appropriate policy wording before making any decisions about any policy you decide to purchase. Terms and Conditions, Limits and Exclusions apply

Financial strength rating 

Asteron Life Limited has been given an  "A+" (Strong) financial strength rating by Fitch Australia Pty Ltd (Fitch), an approved ratings agency.  The scale that this rating forms part of is available for viewing at Asteron Life Limited's New Zealand offices.

Financial advice 

Our website provides general information about our products and services to help you make choices when it comes to protecting the things in life that really matter. The information doesn’t take into account your specific financial situation, needs or goals and is not intended to be financial advice. 

If you'd like to receive financial advice, you can get professional advice from a financial adviser.

More information

Policy wording

Terms and conditions

Connected Care

Blog

Complaint process

*Provide a valid AA Membership number at time of purchase. Discount applies to the total premium. 

The information on this page refers to the currently on sale product.