Insurances

Covers Available

Life Insurance cover can be selected on its own. Critical Illness Insurance, Income Protection Insurance, and/or both can only be selected if taken with Life Insurance.

This policy provides a tax free lump sum benefit in the event of death. Cover ceases at age 70, whilst a member of the plan. Built into the life cover is a terminal illness benefit. There is an advance payment of the life cover in the event the member is medically diagnosed not to live beyond 12 months.

Minimum cover is a multiple of three times your annual salary.

For more information, please refer to the policy wording.

This policy provides a monthly benefit (taxable) if you are temporarily or permanently disabled through sickness or accident. Cover ceases at age 65, whilst a member of the plan.

Cover is 75% of your annual base salary, with a 13 week wait period and payment period up to 5 years.

Please refer to the plan policy wording

This policy provides a tax free lump sum payment on medical diagnosis of one of the medical conditions listed on the policy. Cover ceases at age 65, whilst a member of the plan. Certain conditions will not be covered in the first 90 days of membership.

As this policy is an accelerated benefit, should a claim become payable under this policy, the life insurance cover will be reduced by the claim payment amount.

Minimum cover is $50,000.

Please refer to plan policy wording for more information.

Eligibility

These benefits are available to the following eligible Universities of New Zealand employees:

Permanent employees working a minimum of 15 hours per week.
Aged between 16-70 years – Life Insurance
Aged 16-65 - Income Protection and Critical Illness Insurances

New Employees

Eligible new employees can apply online to join the plan within 75 days of starting, subject to six health questions.

Insurances

Covers Available

Life Insurance

Income Protection Insurance

Critical Ilness Insurance

Eligibility

New Employees