What are the buyback options on my Life and Living Assurance?

Last Updated: 20 Sep 2016

These are optional benefits which you can add to your policy. They let you maintain the level of your Life and/or Living Assurance Benefit by reinstating the benefit amount following a claim on accelerated life or Living Assurance Benefit cover. You can do this without having to provide further medical information (a 12-month survival period applies and certain exclusions apply for any conditions that are related to the condition originally claimed for). 

For more information contact an ASB Insurance Manager.


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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