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How ASB Easy Life and Living can protect you

Whether you are new to ASB Easy Life and Living, or have had it for some time, we want to help you understand your policy a little better. It can be financially devastating to lose your income through redundancy, illness, injury or death. Your ASB Easy Life and Living policy can give you peace of mind and can cover the following insurance needs:

  • Life Benefit
    A lump sum payment can be paid if you die or are diagnosed with a terminal illness (see the policy wording for a definition of terminal illness).
  • Loan and Rent Assistance Benefit
    Get up to $4,500 per month if illness or injury leaves you totally disabled (as defined by your policy) for over 30 days.
  • Redundancy Benefit
    Receive up to $4,500 a month if you are unable to work due to involuntary redundancy for more than 30 days. Only available if you also have Loan and Rent Assistance Benefit. You cannot claim for a redundancy that occurs in the first 90 days from your policy's start date or from commencing employment. Involuntary redundancy will not include redundancy where you are self-employed or if your employer is a relative.

For full details and eligibility criteria, for each of the above benefits, please refer to the policy wording.

The importance of protecting your biggest asset

When it comes to insurance – in particular, personal insurance – the classic 'she'll be right' attitude sometimes leaves us Kiwis lacking. We seem to be great at looking out for our homes, our contents and our cars. But when it comes to insuring ourselves, a lot of us don't have sufficient or the right type of cover for our needs.

The good news is that as someone who has taken the sensible decision to protect yourself, you are enjoying valuable peace of mind that should the unexpected happen, you have a plan B in place - a great place to be!

Important exclusions to be aware of

It's important that you understand the exclusions that apply to ASB Easy Life and Living, including pre-existing conditions and certain types of hazardous activity.

Generally, a pre-existing condition includes any illness, injury or medical condition (or sign of symptom of one) that you were aware of, should have been aware of, or sought medical advice for in the last five years before the policy started.

See ASB Easy Life and Living exclusions for more information on these and other policy exclusions. Need to see a copy of your ASB Easy Life and Living policy? View the policy document here or call us on 0800 200 252.

Is your cover protecting a loan?

While insurance is not mandatory, it is important. ASB Easy Life and Living can help protect your loan, and more, so cover does not stop when the loan does and your level of cover does not decrease as your loan does.

What other options do I have?

ASB Lifestyle Security Plan is a more comprehensive protection plan sold through an ASB Insurance Manager. You will be taken through a full protection review, and then will be provided a recommendation that has the right mix of cover to suit your goals and financial situation.

Simply call 0800 200 252 to book an appointment.

Keeping it affordable

Changing circumstances can also put pressure on you financially. Whilst it is at these times that insurance is often needed most, financial pressures can make you question whether you can afford to continue your insurance.

Due to medical underwriting, cancelling your policy might result in you struggling to find new cover or get the same cover, on equivalent terms, especially if you have experienced recent medical conditions - it's therefore an important decision. 

The good news is that there are options available to help you maintain your policy and ensure it remains affordable for you.

Simply call us on 0800 200 252 and one of our specialists will be able to help you find a solution that's right for you.

Contact us

Have any questions?

If you have any questions about your policy or are worried that ASB Easy Life and Living might not be right for you, call ASB on 0800 200 252.

Lost your policy pack?

Haven't received or have misplaced your policy pack? Call 0800 272 543 to have this resent.

Need more comprehensive cover?

Talk to an ASB Insurance Manager about our ASB Lifestyle Protection Plan.

Call 0800 200 252 to make an appointment.

Want to reduce or cancel your cover?

Call us on 0800 272 543 (select option 1).

Helpful information

The availability of insurance cover is subject to your application being approved. All applications are subject to individual consideration. Special conditions, exclusions or premium loadings may apply. An excess may apply for health insurance policies. For full details refer to the policy document which is available on request from any ASB branch. Life, health and disability insurance is underwritten by Sovereign Assurance Company Limited ("Sovereign"). None of ASB Bank Limited or its subsidiaries, the Commonwealth Bank of Australia, or any other company in the Commonwealth Bank of Australia Group, or any of their directors, or any other person, guarantees Sovereign or its subsidiaries, or any of the products issued by Sovereign or its subsidiaries.