Life insurance cover
Pays a tax free lump sum payable upon death or if you are diagnosed with less than 12 months to live the policy will pay whilst you are alive.
Income protection cover
Pays you a replacement income monthly if you are unable to work due to illness or injury after your selected wait period of 30, 60 or 90 days. The policy will pay for a period of two or five years, to age 65/70 years old, or until you are able return to work.
A lump sum is paid upon diagnosis of one of around 60 medical conditions listed in the policy. eg cancer, heart attack or stroke.
This policy will provide capital to help compensate for a prolonged period of recovery and recuperation from a major medical event.
Trauma insurance is used to cover situations such as supporting a partner’s income and providing a cash buffer for medical expenses that are not covered by health insurance e.g. non-Pharmac drugs and alternative therapies.
Mortgage repayment cover
Pays your monthly mortgage repayment if you are unable to work due to illness or injury.
After your selected wait period of 30, 60 or 90 days, the policy will pay for a period of two or five years, to age 65, or until you are able return to work.
Total and permanent disability cover
A lump sum payable if you are permanently disabled and unable to work ever again. This is a worst-case scenario policy.
Conditions that trigger this cover could be becoming paralysed (such as in a car accident), long term degenerative diseases such as Alzheimer’s, dementia or stress/mental health conditions.
Becoming totally and permanently disabled can be more of a financial burden than dying simply because you are alive and still face costs.
Who is Asteron Life?
Asteron Life is part of the Suncorp Group with assets of over AU$96 billion, and 9 million customers (as at October 2013).
Asteron Life and Vero Insurance came together in 2016 as Suncorp NZ, a leading general and life insurance provider. Most Kiwis used to know Asteron Life as Royal & Sun Alliance.
They changed their name in 2004.
Asteron Life’s claim’s philosophy is paying claims.
They have a strong claims performance, achieving a score of 88% in the 2016 Lewis Life Insurance and have an A+ Standard & Poor’s credit rating.
Nick's Story: Asteron Life NZ
By the time Nick Rolfe was 30, he'd claimed twice on his income protection cover to support him through two major medical issues.
Cocksy: Celebrate Life
New Zealand celebrity builder John 'Cocksy' Cocks talks about how his life insurance has allowed him to make the most of his time.