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What types of life insurance does ASB offer?

Last Updated: 22 Sep 2014

ASB can offer you access to a range of types of life insurance, the main ones being:

Life Insurance

This type of cover can provide your dependents with a valuable lump sum in the event that you die from Illness or accident. The payment can be used for any reason including reducing lending commitments or replacing lost income.

Living Assurance

This pays you a lump sum if you are diagnosed with one of a number of serious medical conditions. This can help reduce debt, contribute to medical bills or help cover extra costs or a loss of income if an illness has long term consequences.

Mortgage and Income Protection:

In the event that you are unable to work because of illness or injury, this insurance can pay you an agreed monthly amount to assist with on-going financial commitments such as loan or rent payments.

Income Protection

In the event that you are unable to work because of illness or injury, this insurance can pay you an agreed monthly amount to assist with on-going financial commitments such as loan or rent payments.

Total and Permanent Disability Insurance

This pays you a lump sum if you are diagnosed as being totally and permanently disabled under the terms of the policy. This can be used to reduce debt or other financial commitments, contribute to medical bills or help cover extra costs or a loss of income if a disability has long term consequences.

Redundancy Benefit:

In the event that you are unable to work because of involuntary redundancy then this insurance will pay you an agreed monthly amount, for up to 6 months, to assist with on-going financial commitments until you are able to return to work.

Health Insurance:

Can provide you with access to private medical consultations and treatment so you are not reliant on the public health service.


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