Accidental Death pays a lump sum if you die as the result of an accident.

Good reasons to get Accidental Death cover

• Lower cost: If you're young and less likely to die from an illness, this type of cover can be a cost-effective choice.
• Up to $500,000 cover: The low cost can allow you to purchase a higher level of cover.
• Add-on to other cover: You can use accidental death cover to "top up" your existing life cover.
• All occupations are eligible: If your occupation excludes you from other forms of life insurance, Accidental Death is a good back-up plan.
• Part of your plan: This cover may be written in conjunction with the full range of ASB Lifestyle Security Plan benefits.
• Underwritten by Sovereign: You have the security of knowing that your policy is underwritten by Sovereign Assurance Company Limited, New Zealand's leading life insurance provider.

Quick facts

Definition of accidental death

Death which occurs solely from an injury caused by violent, accidental, external and visible means. To be eligible for this benefit, death must occur within 90 days after the date the injury occurred and before the life assured reaches age 65 years.

• Sovereign will not pay any benefit where the death of a life assured occurs as the result of the life assured committing or attempting to commit suicide, whether sane or insane, within 13 months of the risk commencement date. This exclusion applies to any subsequent benefit increase made by the policy owner.
• Sovereign will not pay any benefit if the life assured participates in any criminal activity or dies when under the influence of alcohol or drugs, except where the drugs were prescribed by and were being used in accordance with the directions of a Registered Medical Practitioner.
• Sovereign will not pay any benefit if the life assured was involved in, or was in a vehicle, which is involved in any form of race. Sovereign will also not pay the benefit if the life assured was flying in any rial device other than as a fare-paying passenger.