Cover Conversion Option
Allows you to apply to convert your Monthly Disability Cover to another policy if your circumstances change.
Benefits
Start-up Monthly Disability Cover provides several benefits that are built into the cover as well as some options you can choose to add at an additional cost.
A monthly payment if you’re totally disabled and are unable to work.
Waiver of your waiting period if your disability returns within 12 months of going off claim.
A monthly payment if you are only able to work in a reduced capacity due to illness or injury.
Allows you to apply to convert your Monthly Disability Cover to another policy if your circumstances change.
An optional increase in cover by 25% for a 3-month period.
A monthly payment of $750 for specialist farming assistance if you become totally or partially disabled.
Seasonal Adjustment Benefit and Farm Consultancy Benefit are only available to Farmers and those working in the Agriculture industry.
Other business insurance income as a result of the same disability will be offset.
Mandatory cover required to access: Premium Cover
Occupation classes: 1-4
Your occupation class is determined by the work you do. Your financial adviser will be able to help you work out what occupation class will apply to you.
A year after a serious mountain biking accident, Dave Jensen was still struggling to hold a knife and fork. Dave was riding a downhill track when he missed a landing on a large jump and crashed, resulting in several compound fractures through his forearms.
Dave shares his story about working with an Independant Financial Adviser and why taking out Assuance Extra Business Cover, Start-up Monthly Disability cover saved his Lower Hutt business.
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.
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