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Complete Disablement Cover

Insurance that provides  a lump sum if you or a key person becomes completely or partially disabled due to illness or injury.

Why do you need Complete Disablement Cover?

Many of us invest our lifetime and a lot  of money into building a successful business. Having Complete Disablement Cover means if you or a key person within your business becomes completely or partially disabled through illness or injury, your business has financial support to help it to continue to operate into the future or provide you with money to help buy or sell out.

Some examples of how this money can help are:

  • a cash injection to help your business continue operating
  • clearing business debt or loans
  • recruitment costs to find a replacement person
  • succession planning
  • executing a buy/sell agreement.
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Accelerated

Complete Disablement Cover is ‘accelerated’ against Life Cover. This means that in the event of a claim for Complete Disablement Cover, the amount paid will be deducted from the balance of the Life Cover sum insured. The sum insured for any other accelerated covers may also be reduced.

 

 

Benefits

Complete Disablement Cover provides several benefits that are built into the cover as well as an optional benefit you can choose to add at an additional cost. This makes it easy to tailor your Complete Disablement Cover to suit your needs and budget.

 

Built-in benefits

Complete  Disablement Benefit

Payment of the full Complete Disablement Cover sum insured if you become completely disabled.

Support Person Accommodation & Transfer Benefit

Cover for costs of  accommodation and transport for a support person to go with you if you need to travel away from your home area for treatment.

Partial Disablement Benefit

A partial payment for loss of sight in one eye or the loss of use of one limb.
 

Financial & Legal Advice

A reimbursement of  up to $2,500 for the costs of receiving professional advice.

Cover Conversion Option

Allows you to convert your Life Cover to another policy if your circumstances change.
 

Waiver of  3-Month Disability Requirement

A waiver of waiting period if based on medical evidence the disability is expected to be permanent.

Optional benefits

Business Increase Option

Allows you to increase the monthly disability sum insured without further assessment of health if there's something that means you need to increase business insurance for you or a key person.

Is Assurance Extra Business for me?
Is Assurance Extra Business for me?

Find the right cover


To make sure you choose the right cover for your needs, you'll need the help of a qualified Financial Adviser. We can connect you with an Adviser near you.

Leave your details and someone will give you a call for a quick, no-obligation chat about your personal insurance needs.
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Other Cover options

Monthly Disability Cover

Insurance that pays a monthly amount in the event you or one of your key people are unable to work as a result of illness.

Find out more

Start-up Monthly Disability Cover

Insurance that provides a monthly "agreed value" benefit to help compensate for losses a new business may face if a life assu

Find out more

Specific Injury Cover

Insurance that pays a lump sum if you or a key person sustains one of the covered injuries as a result of an accident.

Find out more

Your insurance is underwritten by Chubb Life Insurance New Zealand Limited (Chubb Life). Chubb Life has an A (Excellent) financial strength rating given by A.M. Best Company Inc. A summary of the rating scale is: A++, A+ Superior | A, A- Excellent | B++, B+ Good | B, B- Fair | C++, C+ Marginal | C, C- Weak | D Poor | E Under Regulatory Supervision | F In Liquidation | S Suspended. For the full rating scale and more rating information visit www.ambest.com/ratings/guide.pdf