Already have life and income insurance with us? Call us on 0800 200 252 to join AIA Vitality.
Our qualified team of insurance advisers can help you get protection sorted, making sure it’s right for you and your financial situation. Even better, when you get guidance and advice on life and health insurance by 15 December 2023, you’re in with a chance to win 1 of 20 $500 Countdown vouchers*.
*To be in to win one of 20 $500 Countdown vouchers, simply have a meeting with an ASB Insurance Manager to discuss a qualifying ASB Life, Income Protection, or Health Insurance Policy between 16 October 2023 and 15 December 2023 (inclusive). Full terms and conditions of the offer are available here.
ASB Total Permanent Disability Insurance is paid out if you become totally permanently disabled and cannot work. It's a lump sum payment that can help cover costs such as medical treatments or employing a caregiver.
Access up to $15,000 to help modify your home or vehicle or buy specialist medical equipment to help adjust to your new circumstances.
Under certain circumstances (such as loss of sight in an eye) you may be eligible to lesser of 25% of the sum assured or $100,000 under the Partial Permanent Disablement Benefit.
When you take out an eligible insurance policy with ASB you can join AIA Vitality - the science backed health and wellbeing programme that rewards your healthy choices.
*AIA Vitality is available with eligible ASB Insurance policies and has a monthly membership fee of $11.50 (including GST). Apple Watch Series 9 requires iPhone Xs or later with iOS 17 or later.
Harnessing the global expertise of AIA - our underwriter, to help you get comprehensive protection sorted.
Our team of local ASB insurance advisers help review your needs, tailoring a solution with you.
Total Permanent Disablement Benefit pays a lump sum if you become permanently disabled and are unable to work as a result of accident or illness. There are two types available with this insurance.
This option pays a lump sum if it becomes unlikely that you'll ever be able to work in the specific occupation you were involved in immediately prior to incapacitation.
This option pays a lump sum if you become so incapacitated that it's unlikely you'll ever be able to work, in any occupation for which you are reasonably suited by education, training or experience, and which would pay remuneration greater than 25% of your pre-disability earnings during your last 12 months of work.
Up to $15,000 may be reimbursed to cover costs of purchasing specialist equipment, completing home alterations or vehicle modifications which are necessary following a TPD benefit being paid.
This benefit is payable under certain circumstances (loss of sight in one eye, or loss of use of one hand or one foot); and will provide you with a lump sum payment of the lesser of 25% of your sum assured or $100,000.
AIA will, at its sole discretion, waive the three-month waiting period if an immediate medical assessment confirms total permanent disablement, and all other claim requirements have been met.
You can apply to increase your Total Permanent Disablement insurance sum assured at every third policy anniversary without providing any further medical information. Limits and conditions apply, and every increase in disability cover will require an increase in premiums.
This enables you to access financial and legal advice from an AIA-approved financial adviser or legal professional at claim time. AIA will reimburse fees up to $2,500.
Enables you to increase the sum assured under your cover, without further medical underwriting following a significant event in your life which results in increasing financial responsibilities. These significant events include getting married, having a child, your child starting secondary school, taking out or increasing a residential home loan or receiving a salary increase and other major events.
We will pay up to $2,500 (incl. GST) to cover the cost of a Psychiatrist or Psychologist consultation and counselling for you and/or your family where the treatment directly relates to a claim.
The flexibility to suspend your cover for up to 12 months, without medical evidence if you meet the following conditions: take parental leave, take leave without pay for any reason, get made redundant, become unemployed, experience at least a 20% reduction in pay (comparing the most recent payslip against a previous payslip from the same year) or are self-employed and experience a 30% reduction in revenue (by comparing one month's revenue against the same month for the previous year). No benefits will be payable for any claim event which occurs during this suspension period.
Talk to one of our advisers who can help you put together a life insurance plan that will best suit you and your situation.
As a trusted life and income insurance provider, we have a team of qualified insurance advisers who can provide you with guidance and advice that's specific to your needs.
Having this guidance means ASB's Lifestyle Security Plan will be tailored to your situation, with a combination of solutions to get the life insurance cover you and your loved ones need.
If you can't work due to sickness or injury, you could still have a monthly payment coming in, so you can continue with your life even though you're not earning.
You can also get optional cover for redundancy.
If you become seriously ill or injured and are unable to work again, total permanent disability insurance can help take the financial pressure off by providing a lump sum payment to ensure you and your family are taken care of.
Health insurance covers you for a range of situations to help you easily manage unexpected medical bills. Medical conditions can be treated promptly, at a convenient time and location, and with your choice of medical provider.
The availability of insurance cover is subject to your application being approved. All applications are subject to individual consideration. Special conditions, exclusions or premiums 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. This insurance is underwritten by AIA New Zealand Limited ("AIA").