Multi-Benefit Discount

It's important to protect you and your family's lifestyle and future. The ASB Lifestyle Security Plan can give you comprehensive insurance cover to meet your needs and is available through an ASB Insurance Manager.

With the Multi-Benefit Discount, you can save on premiums while you protect what matters most.

What is a Multi-Benefit Discount?

The Multi-Benefit Discount is one way to help make insurance more affordable for you and your family and could save you up to 15% on your ASB Lifestyle Security Plan.

The Multi-Benefit Discount applies to your ASB Lifestyle Security Plan if:

  • You're insured for at least $100,000 in life insurance, and
  • You have one or more eligible additional benefits.

The Multi-Benefit Discount only applies to policy quotes dated on or after 5 August 2019.

How do you receive a Multi-Benefit Discount?

Your ASB Lifestyle Security Plan must have one or more benefits from the compulsory life insurance benefits category below. 

If you add one or more other benefits from the additional benefits category below, you qualify for a Multi-Benefit Discount. 

Benefits available
Minimum sum assured
Compulsory life insurance benefits category
Term Life Benefit
Family Protection Benefit*
Accidental Death Benefit
Additional benefits category
Critical Conditions Benefit
Total Permanent Disablement Benefit
Income Protection Benefit
Mortgage and Income Protection Benefit
$2,000 per month
$2,000 per month

* When converted to a lump sum amount over the entire benefit term. 

The Multi-Benefit Discount applies to the benefits under ASB Lifestyle Security Plan policies, Start Up Income Protection and AIA Living policies. For full details please see the Multi-Benefit Discount terms and conditions

Your premium discount

Receive a higher discount when you add more benefits. 

Compulsory life insurance benefits category
Additional benefits category
Multi-Benefit Discount

1 or more benefits

+1 benefit
+2 benefits
+3 or more benefits 

Your ASB Lifestyle Security Plan

When you take up new policies with ASB, we'll take into consideration eligible existing insurance you have with us to see if you qualify for the Multi-Benefit Discount. If you're eligible for the discount, this will then be applied to your new policies premium only.

Would you like to apply for ASB Lifestyle Security Plan or review your insurance cover as your circumstances may have changed? An ASB Insurance Manager can find the ideal combination of cover for you and your family.

Apply for ASB Lifestyle Security Plan insurance

Ready to get started?

An ASB Insurance Manager can help you to identify what you need and advise on a solution.

Enquire online

Call us

We’ll arrange an appointment with an ASB Insurance Manager.

0800 200 252

Visit a branch

Visit us at one of our many branches across New Zealand to book an appointment with an ASB Insurance Manager.

Find a branch

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 ASB Bank Limited. ASB life, health and disability insurances are underwritten by AIA New Zealand Limited ("AIA").