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ANZ Income Protection

Updated
  • Affordable Insurance
  • Competitive Premiums
  • Easy Claims Process

Table of Contents


ANZ homepage
Author ANZ. Screenshot of ANZ website.
[Accessed August 23, 2023]

About ANZ

ANZ New Zealand is a big player in the country's financial sector, and it has a significant impact on the lives of almost every New Zealander.

They work under well-known financial names like ANZ, ANZ Investments, and Bonus Bonds. ANZ New Zealand is part of the ANZ group of companies, and it's one of the largest companies in the country when it comes to assets.

Empowering financial aspirations for all: ANZ's role 

ANZ helps all kinds of people, from individuals and families to farms, small businesses, and big institutions achieve their financial dreams.

The bank has about 9,000 employees who come from diverse backgrounds and have different skills.

Sustainable business practices: ANZ's commitment to positive impact

ANZ takes its responsibility seriously and cares about doing the right things. They use sustainable business practices to make good things happen, not just for their customers and employees but also for the environment and the communities they work in.

Long-standing sponsorships and community contributions

ANZ is strongly committed to social responsibility, and you can see this in the sponsorships they have supported for a long time, like Daffodil Day, where they show their dedication to helping important causes.

Throughout the years, the bank's staff has worked hard to raise money for The Cancer Society, and they’ve been able to donate an amazing $15 million since 1990.

ANZ takes great pride in being the biggest rural banker in New Zealand, with a significant 39% share of the market and employing almost 20% of the people in the finance and insurance sector.

ANZ's versatility: From individuals to major institutions

ANZ New Zealand has a big impact on everyone in society. They help individuals with banking, support small businesses, and also assist major institutions.

The bank is dedicated to making the lives of Kiwis better by empowering their financial dreams.

ANZ sets a great example of corporate responsibility in the financial industry because they’re committed to doing what's right.

ANZ Services

ANZ New Zealand and Chubb Life Insurance New Zealand Limited (Chubb Life) have come together to offer a complete income protection insurance policy.

This insurance is designed to protect you and your family financially when unexpected things happen, giving you peace of mind during uncertain times.

Tailor your coverage with ANZ income protection

ANZ income protection insurance lets you make it just right for you. You can choose from three main types of coverage:

  • Life cover
  • Critical illness cover
  • Living expenses cover

This means you can get the protection you need based on what's most important for you.

Life cover: Flexible insurance protection up to $1 million

With life cover, you can get insurance protection for up to $1 million. This money would be given to your family if you pass away or are diagnosed with a terminal illness expected to last less than 12 months.

They can use the money to pay for living costs, debts, and other important things. The policy also includes a funeral benefit, where $ 10,000 is paid in advance from the life cover to help with funeral expenses. After the funeral benefit is given, the remaining amount will be adjusted accordingly.

Critical illness cover: Financial protection against serious medical conditions

Critical illness cover lets you select a protection amount of up to $ 200,000, which can provide important financial help if you get diagnosed with any of the listed 12 serious medical conditions.

The coverage can assist you in covering living expenses, paying off debts, and supporting you during your recovery. Some specific conditions must be met for the coverage to be valid.

Income protection: Monthly benefits when unable to work

The living expenses cover, also called income protection, gives you monthly money (up to $ 4,000) for up to 2 years if you can't work because of an accident or illness. It's different from ACC, which only covers accidents. You can pick how much coverage you want, but the most you can get monthly is $ 4,000.

Commitment to corporate responsibility through income protection insurance

Income protection offers a safety net that helps New Zealanders when they face tough times. You can customise the insurance to fit your situation, so you know your money and way of life will be safeguarded.

ANZ – Income protection insurance

  • Product Income Protection Insurance
  • Claims
    Smooth and efficient claims management by Chubb Life.
  • Online Applications
    Quick application approval process.

Benefits of ANZ

  • Customisable coverage options
  • Financial stability in difficult times
  • Choose from life, critical illness, or income protection
  • Immediate access to preventive care
  • Efficient and speedy application process

Market-leading income protection and world-class service with ANZ

Chubb Life Insurance New Zealand Limited (Chubb Life), ANZ's insurance partner, supports you during the application and claims process.

Qualifying for income protection insurance: Health and lifestyle questions

To apply for cover, just follow a few easy steps. First, answer some health and lifestyle questions honestly and accurately. These questions are important to see if you qualify for the policy and how much coverage you can get. Giving detailed information is essential for a smooth application process.

Consistency in applications: Providing the right information

If you've applied for ANZ insurance before and gave some information back then, you must provide the same details again in your current application. It's super important, to be honest and give all the correct information.

Fast track to coverage: ANZ's efficient application handling

After you submit the application, it goes through a careful review by someone called an underwriter. They check if you qualify for the insurance and what the specific conditions of the policy will be.

ANZ tries its best to handle applications quickly, and if you meet all the requirements, they might provide coverage right away. Sometimes the underwriter needs more time to evaluate the application before making a decision.

Submitting a claim: Steps and requirements

When you need to make a claim, Chubb Life has a special team that handles the process. To start the claim, policyholders must get in touch with them and submit the required documents, including a completed claim form. Their team then carefully looks through all the documents and might ask for more information to assess the claim.

ANZ Contact

Physical Address

Opening Hours

  • Monday 09:30 – 16:30
  • Tuesday 09:30 – 16:30
  • Wednesday 09:30 – 16:30
  • Thursday 09:30 – 16:30
  • Friday 09:30 – 16:30
  • Saturday – Closed
  • Sunday – Closed