Chubb Income Protection

Chubb, as a global insurance titan, shines brightly with its array of offerings.

They specialise in comprehensive income protection for individuals and provide both conventional and unique Property and casualty (P&C) coverage for businesses of all sizes. From its headquarters in Zurich, Chubb has solidified its position as the top commercial insurer in the United States. Its global reach extends to being one of the foremost providers of financial line products.

A strong foundation built on quality and service

Quality underwriting is at the heart of Chubb's operations, emphasising a disciplined approach that delivers stability to you. Its unwavering commitment to superior service is evident in its efficient claims processing and risk engineering.

Handling over three million new global claims each year, Chubb pays out nearly $17 billion annually. Its well-respected brand, operational presence in 54 countries and territories, and wide product and distribution scope further enhance its appeal to customers worldwide.

Unmatched financial strength and inclusive culture

Chubb's financial solidity is recognised by rating agencies, and it boasts of AA and A++ ratings from Standard & Poor's and AM Best, respectively. It guarantees effective control of uncertainties in all aspects of its financial statement. They achieve this by adhering to strict underwriting guidelines, handling gathered exposures, and prudently allocating resources for investment.

The company's culture is deeply rooted in precision and respect for diversity. Its inclusive environment is high-performing and rewarding, driven by a can-do mentality that upholds the commitments made to you.

Embracing the future with digital transformation

Chubb’s leadership, with an average of 30 years of industry experience, is committed to transforming the company for the digital future. It focuses on enhancing your experience and revolutionising the role and operation of insurance. Key initiatives, such as Internet of Things (IoT) devices, Chubb Studio, and Chubb Blink, are testaments to its commitment to adapt and grow in the digital era.

A worldwide presence serving diverse needs

Chubb is recognised as the world's largest publicly traded Property and Casualty (P&C) insurance company. Their name is synonymous with diverse product offerings and unmatched services in the industry. Being the pre-eminent market leader, it has an extensive portfolio that caters to your unique needs. This further solidifies its position as a preferred insurance provider for many.

One of the many life-altering products Chubb takes pride in is its incomparable income protection insurance. This service has proven to be a game-changer for countless customers, giving them the peace of mind they need in today's volatile economic environment. It serves as a financial buffer, providing you with a steady income in case of unexpected events that prevent you from earning your regular income.

Chubb ensures that you get the attention you deserve, offering insurance solutions that align with your individual needs, risks, and budget. This ability to deliver personalised service and value propositions sets Chubb apart in the industry.

Unwavering commitment and technological leadership

Chubb's combination of precision, experience, financial strength, and service commitment makes it a global insurance sector leader. Its wide product offerings and dedication to digital transformation further emphasise its resolve to continue being at the forefront. They offer top-tier insurance coverage and services to you, your family, as well as your business regardless of size.

In an ever-fluctuating economy and world, protecting your income is more important than ever. That's where Chubb Insurance NZ's innovative income protection policy comes in.

Seamless coverage for full disability

No one plans for accidents or illnesses, yet they can leave you unable to work and result in a significant loss of income. Chubb ensures a steady monthly payment during such times. Following a stipulated waiting period, you’ll receive monthly payments if you're fully disabled due to sickness or an accident. This invaluable benefit means that you can focus on recuperating without worrying about meeting your financial obligations.

Bridging the gap during partial disability

When you're transitioning back to full-time employment after being partially disabled, their partial disability advantage guarantees financial support. If you earn less than 75 per cent of your regular salary during this period, this benefit steps in, smoothing out potential financial hardships and letting you gradually regain your full employment status.

Keeping pace with rising income

Chubb Insurance NZ recognises the need for flexible coverage. With income protection, you can increase your monthly insured amount by up to 10% each year in case your salary rises. This ensures your insurance coverage stays aligned with your income growth, all without additional health verification.

The assurance of recurring disability coverage

Recurring disabilities can be a source of considerable anxiety. This benefit negates a second waiting period if your disability recurs within 12 months of the initial claim's termination. This means you won't be penalised again for a condition that's beyond your control.

Extensive additional assistance for added peace of mind

Along with the above, Chubb's income protection policy comes with a suite of additional benefits:

• Bedridden assistance offers financial support during hospitalisation or confinement to bed for more than three consecutive nights.
• Cover for the cost of a rehabilitation or retraining program or 24 times the monthly insured sum, whichever is lower.
• Recovery reimbursement for the lesser of the cost of specialised equipment or six times the monthly insured amount.
• An extra payout if you're able to return to work after a full disability advantage claim.
• There's even home return assistance if you become totally disabled while living abroad, ensuring you can return to New Zealand promptly.
• For situations of total and permanent disability, they offer a significant lump-sum payout equal to twelve times the monthly insured amount.
• Aid with full-time care costs, equal to the monthly insured sum or $2,500 per month, whichever is lesser.
• Reimbursement of the lesser of the additional childcare costs or $800 per child per month due to your disability.
• Cover for the lesser of the cost of the emergency transport or three times the monthly insured sum if medically necessary.

The ultimate income safety net

Chubb Insurance NZ's income protection is an essential tool in ensuring your financial well-being. Offering comprehensive coverage for full and partial disabilities, it provides crucial financial support in times of need. By choosing Chubb, you're investing in your peace of mind, knowing you're safeguarded against unexpected income loss due to disability.