Trauma insurance

ASB trauma insurance can help ease the burden on your family at a difficult time. If you suffer from one of the defined medical conditions, trauma insurance pays a lump sum amount to use however you need.

What's included Make a claim

Key benefits of ASB Trauma Insurance

  • 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'.

Get rewards and discounts for health and wellbeing choices with AIA Vitality and ASB Insurance

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.

  • Earn an Apple Watch Series 9 GPS, 41mm (RRP $749) in full by reaching your weekly Physical Activity targets for 24 months.*
  • Join Les Mills for free and save up to 50% on a membership (discount + cashback) & enjoy discounts from other leading brands.
  • When you join AIA Vitality you receive an initial 10% premium discount on your eligible insurance policies.

Already have life and income insurance with us? Call us on 0800 200 252 to join AIA Vitality.

*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.

Why ASB?

Partnership with AIA

Harnessing the global expertise of AIA - our underwriter, to help you get comprehensive protection sorted.

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Personalised advice

Our team of local ASB insurance advisers help review your needs, tailoring a solution with you.

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Multi-benefit discount

Save up to 15% off your premiums when you take out multiple eligible policies.

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What's included?

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.

Medical Advancements Provision

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.

Severe Illness or Injury Benefit

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.

Return Home Benefit

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.

Standalone Conversion Facility

You may convert your standalone Critical Conditions to be accelerated with an equal amount of Life Cover without any further medical evidence. Conditions apply.

Premium Conversion Facility

Before reaching the age of 65 years, you have the option to convert all or part of your sum assured to a level premium structure without further medical underwriting.

Critical Conditions Future Insurability Benefit

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.

Special Events Increase Facility

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.

Counselling Benefit

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.

Children's Trauma Benefit

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.

New-born Children's Benefit

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.

Parents Grieving Benefit

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.

Children's Trauma Conversion Facility

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.

Suspension of Cover Benefit

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.

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Get started today

Talk to one of our advisers who can help you put together a life insurance plan that will best suit you and your situation.

Get in touch through our online enquiry form and we'll call you back at a time that suits you.

Enquire now

Call us on 0800 200 252 between 8:00am - 6:30pm Monday to Friday. 8:30am - 5:00pm Saturday.

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Our qualified insurance advisers will help you mix and match the best insurance options to suit your needs

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.

Life insurance

Life insurance protects your loved ones' future by providing them with a lump sum or monthly payment if you pass away. Making sure they can invest in your children's education, put food on the table and pay the bills.

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Income protection

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.

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Trauma cover

Our critical conditions benefit can help ease the burden on your family at a difficult time. If you suffer from one of the specified conditions defined within the policy, you can access a lump-sum payment to use however you need.

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Total permanent disability

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.

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Health insurance

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.

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Get a tailored quote for your needs.

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").