Continuous Trauma Benefit
Providing you the security of continued Trauma Cover for any future illnesses or conditions you may get, more than once.
On-going improvements and advancements in modern medicine mean you have a greater chance of surviving a serious illness or condition. Serious illness or injury can strike unexpectedly, and sometimes it can happen more than once.
After experiencing an illness or condition for the first time, it becomes more difficult to buy additional insurance in the future. That’s why we developed Continuous Trauma, so you can have the option of continued protection even after multiple claims, giving you peace of mind should the worst happen.
- A maximum of four full Trauma Benefit claims (or equivalent partial claims) can be paid.
- You can claim again immediately, provided the claim isn’t related to the first claim or from the same condition group as the condition you’ve already claimed on.
- Additional claims made on cardiovascular, cancer or any other covered condition that gave rise to your initial claim will be subject to a stand-down period.
- Four Partial or Diagnosis Benefit claims are the equivalent of one Full Trauma Benefit claim.
- Once either a Full Trauma Benefit, Partial Benefit or Diagnosis has been paid, the Continuous Trauma Cover cannot be increased under the Life Events Benefit.
- Guaranteed Insurability is not available if Continuous Trauma is on a policy.
- Continuous Trauma expires after the full sum insured has been claimed four times.
- If you choose Continuous Trauma on an accelerated Trauma cover policy, your Trauma Cover is initially limited to no more than 25% of the Life Cover sum insured, so we can ensure you’ll be able to claim up to four times the sum insured. Once the cover is in place, increasing or decreasing your Life Cover and Trauma Cover sums insured is allowed but may impact the number of claims that can be made. See your policy wording for more information.
If you claim on one of our 47 covered Trauma conditions, you can claim again for a different covered condition immediately, provided it isn’t related to the first claim or from the same condition group as the condition you’ve already claimed on.
Additional claims made on cardiovascular, cancer or any other covered condition that gave rise to your initial claim will be subject to the following stand-downs:
- Cardiovascular Trauma Conditions:
If you claim for one of the conditions in the cardiovascular list of conditions such as a heart attack, you can claim again for a condition in that list after 36 months. - Cancer Trauma Conditions:
If you claim for cancer, you can claim again for another cancer after just 24 months. - Any other covered condition that gave rise to a claim:
If you claim for any other covered condition, you can claim again for the same condition after 12 months. You can only claim once for Total and Permanent Disability, Loss of Independent Existence and Terminal Illness.
Some examples of how Continuous Trauma works
On an unrelated Full Trauma Benefit Cancer claim:
- Hannah is diagnosed with Breast Cancer.
- Chubb Life pay Hannah a Full Trauma Benefit of 100% of her Trauma sum insured.
- Hannah is then diagnosed with Ovarian Cancer, 30 months after her Breast Cancer claim.
- Chubb Life pay Hannah another Full Trauma Benefit of 100% of her Trauma sum insured.
The second cancer is unrelated to the primary cancer and is outside of the 24 month stand down period for Cancer conditions. Under Continuous Trauma, Hannah still has the equivalent of two more Full Trauma Benefit sum insured payments.
On a Full Trauma Benefit claim after a related Partial Benefit claim
- Tim requires an Angioplasty to correct a blockage of an artery.
- Chubb Life pay Tim a Partial Benefit of 25% of his Trauma sum insured.
- Tim then experiences a heart attack due to complications of the Angioplasty three months later.
- Chubb Life pay the remaining 75% of the Full Trauma Benefit sum insured.
The Full Trauma Benefit heart attack claim is related to the Partial Benefit angioplasty claim paid earlier. Chubb Life reduce the Full Trauma Benefit claim by the earlier related Partial Benefit claim and pay the remaining 75%. Under Continuous Trauma, Tim has the equivalent of three more Full Trauma Benefit sum insured payments.
Is Continuous Trauma right for me?
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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