What types of life, loan and income protection insurance does ASB offer?
ASB can offer you access to a range of life, loan and income protection insurances, including:
This type of cover can provide your dependents with a valuable lump sum payment in the event of your death. The payment can be used for any purpose including reducing lending commitments or replacing lost income.
Serious illness insurance
This can pay you a lump payment if you are diagnosed with one of a number of specified medical conditions or have a serious accident. The payment 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:
This type of cover can help you meet your mortgage/rent payments or other expenses if your ability to earn is seriously affected by illness or disability plus optional cover for redundancy.
Provides a replacement income should you be unable to work due to serious illness or disability plus optional cover for involuntary redundancy.
Total and Permanent Disability Insurance
This can pay you a lump payment if you are unable to work again as a result of a serious illness or injury. The payment can be used to reduce debt or other financial commitments, contribute to medical bills or help cover extra costs or a loss of income.
In the event that you are unable to work because of involuntary redundancy then this insurance can 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.
This is an add-on benefit and a waiting period applies.
Can provide you with access to private medical consultations and treatment so you are not reliant on the public health service.
ASB life, health and disability insurances are underwritten by Sovereign Assurance Company Limited (“Sovereign”). For full details refer to the relevant policy document which is available on request from any ASB branch or by calling 0800 200 252. The availability of insurance cover is subject to your application being approved. Special conditions, exclusions or premium loadings may apply. See further information about Sovereign.
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