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.
At claim time we'll take into account the latest recognised medical diagnostic techniques used to assess your covered medical conditions.
Includes some built-in trauma cover for your children.
Covers you for over 50 defined medical conditions. You're also protected if you suffer a major medical condition that isn't listed in the policy wording, but meets our definition of a 'severe illness or injury'.
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.
We understand that thinking about having a critical illness or injury isn't easy. But, unfortunately, a critical illness or injury has the power to turn life on its head. Trauma insurance is designed to soften the financial impact if you or your child were to face one of these events. Support like taking care of medical treatment and rehabilitation costs, providing breathing space during recovery.
If the medical diagnostic techniques and investigations used in our definitions of medical conditions have been superseded due to medical advancements, we will consider these when assessing your claim.
The Severe Illness or Injury Benefit aims to offer protection if you are diagnosed with a major medical condition that isn't specified in the policy wording but meets our definition of a severe illness or injury.
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.
If you're outside New Zealand and suffer one of the critical conditions for the first time, you could access up to $10,000 towards the cost for you and a support person to return home.
You may convert your standalone Critical Conditions to be accelerated with an equal amount of Life Cover without any further medical evidence. Conditions apply.
You can apply to increase your Critical Conditions sum assured at every third policy anniversary without providing any further medical information. Limits and conditions apply, and every increase in cover will result in an increase in premium.
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.
This benefit provides you with some trauma insurance for your children aged from three months up to their 21st birthday. If a child of the life assured suffers a defined medical condition, this benefit will pay 50% of the sum assured or $50,000. Notably, this payment will not reduce the amount of any trauma cover remaining for the life assured.
If a child of a life assured is born with one of eight specified congenital conditions and survives for thirty days after birth, this benefit will pay the lesser of 50% of sum assured or $50,000. The payment of this benefit will not reduce the amount of any trauma insurance remaining for the life assured.
If the worst should happen to your child and they pass away, we'll help with providing financial support to help your family in a time of need. We will issue a payment of $2,000 (incl. GST) in financial support for children aged under 10 years and $15,000 for children between 10 and 21 years of age.
When your child turns 21, the built-in Children's Trauma Benefit and/or Optional Children's Maternity Benefit (where applicable), can be converted to adult trauma insurance policy. This can be done on a standalone basis or accelerated with the same amount of Life Cover, without any further medical evidence required, provided there is no increase in cover.
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 cover 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").