Group Business Products

What is group insurance?

Group Insurance key points

  • Designed for groups of 10 or more
  • Discounted premiums
  • Automatic acceptance without medical underwriting
  • Flexible plan structure
  • Continuation options

What does group insurance offer?

Life Cover

One in six males and one in nine females over 30 will die before age 65. Early or unexpected death can make life difficult for dependents left behind. Life insurance pays a cash lump sum in the event of death or terminal illness of employees.

Cover to pay off existing debt and cover immediate costs such as funeral expenses.
Automatic acceptance and cover levels determined by you the employer.
*Continuation options available.

“Pays out a cash lump sum in the
event of death or Terminal Illness of
an Employee”.

  • Cover to pay off any outstanding employee personal debt and cover immediate costs such as funeral expenses
  • Cover levels determined by you the employer
  • Group life also gives employees optional cover for their families subject to underwriting
  • Guaranteed cover levels with no medical underwritten required*

* Up to a specified amounts 

Income Protection

Reports suggest that every year more than 270,000 New Zealanders suffer a health issue that prevents them from working for several months or longer. Income protection provides an income in the event of sickness or illness when it is most needed to pay home loans, household expenses and other living costs.

  • A Monthly provided benefit of up to 75% of an employee’s pre disability salary in the event that they can not work with optional extra benefits.
  • Flexible ‘wait’ and ‘benefit’ periods to suit the individual and with guaranteed cover without the need for medical underwriting.
  • Continuation options available.

“Provides employees with an income in the
event of sickness or illness preventing them
from working”.

  • Monthly cover up to 75% of an employees annual salary
  • Guaranteed cover without the need for medical underwriting
  • Flexible waiting periods and benefit periods
  • Death cover automatically built in to pay a lump sum if an employee dies whilst on claim
  • Help to get employees recover and get back to work
  • Individual continuation if an employee leaves your
  • Company at their own expense

Trauma / Critical Illness

One in five makes and one in four females aged over 30 will experience a critical illness before age 65. The result of such an event can be financially crippling and emotionally distressful. Recover can be aided with removing the financial burden associated with an event allowing concentration or treatment and recuperation.

  • Provides a cash lump sum as a result of a defined critical illness or major accident resulting in such events as a loss of limbs, loss of sight, paraplegia, major head injury and major burns
  • Protects against the financial impact of a major accident resulting a loss of limbs, loss of sight, paraplegia, major head injury and major burns.
  • *Continuation options available.

“Pays a lump sum if an employee suffers a
specified Critical Illness or Trauma”.

  • Provides cover against Trauma through major accident resulting in loss of limbs, loss of sight, paraplegia, quadriplegia, major head injury and major burns
  • Cover for a wide range of medical conditions that affect the heart, organs, nervous system, blood and Cancerous malignant tumors

Total and Permanent Disablement

It is a fact that hundreds of New Zealanders will suffer an accident or illness that affects or ends their ability to work. Another fact is it is 17 times more likely to occur than death. Total and Permanent Disablement pays out a cash lump sum if an employee is unable to ever work again due to accident or illness.

  • Lump sum payment if a person becomes totally and permanently disabled and unable to work again.
  • Provide for long term care if the employee has become so disabled that they can no longer perform two of the following; bathing / showering, dressing / undressing, eating / drinking, using a toilet or moving from place to place by walking unaided.
  • *Continuation options available.

“Pays a lump sum if an employee is unable to perform
their usual occupation as a result of Total and
Permanent Disablement”.

  • Cover can provide financial security in the event of Total and Permanent Disablement to an employee based on their ‘own’ occupation
  • Long term care disability if an employee has become so disabled that they can longer perform two of the following activities, bathing or showering, dressing or undressing, eating and drinking, using a toilet or moving from place to place by walking, wheelchair or with the assistance of a walking aid