Chubb Life Insurance

Chubb holds the distinction of being the largest publicly traded company in the global property and casualty insurance industry.

Operating in 54 countries and territories, they offer a comprehensive portfolio of insurance products and services. They focus on corporate and commercial property and casualty insurance, reinsurance, and life insurance.

They cater to a wide array of clients, ensuring a diverse and extensive reach. As an underwriting company, they diligently evaluate, assume, and manage risks with profound insight and discipline. They prioritise equitable and prompt servicing and settlement of claims.

An international footprint

Chubb is characterised by its extensive offerings of products and services, wide distribution capabilities, exceptional financial strength, and a global presence through local operations. Its parent company, Chubb Limited, is listed on the New York Stock Exchange and forms an integral part of the S&P 500 index. With offices in cities such as Zurich, London and Paris, to name but a few, Chubb boasts a workforce of about 34,000 people.

Chubb life insurance mitigates risk

Chubb New Zealand Limited (Chubb Life) stands as a prominent provider of life insurance within the country. With a rich history dating back over a century, Chubb Life, formerly known as Cigna, has established itself as a trusted presence in New Zealand.

The company remains dedicated to supporting you during your times of greatest need. They offer a comprehensive range of insurance products, including life insurance, income protection, critical illness coverage and business insurance.

Strength in the face of adversity

Protecting what's important to families is paramount in today's world. A wide range of insurance solutions exists to safeguard lives and lifestyles from illness, injury, and death.

Often categorised as life and living insurance, these options ensure comprehensive coverage against the various challenges that life may present.

Assisting you to live your best life

To address these needs, a comprehensive selection of insurance solutions is available. They’re designed to protect what truly matters, enabling you to embrace life to the fullest. It’s never too late to evaluate the necessary life insurance coverage. Certain significant milestones in life often necessitate a closer look at insurance coverage. They typically coincide with substantial changes in personal or financial circumstances, making it an opportune time to consider your insurance options.

Chubb life insurance policies are designed to offer you and your family comprehensive protection against life’s eventualities.

LifeOne life insurance

This policy offers custom-designed coverage to see you through all of life’s challenges. Life is in constant flux, and your policy should change with you.

Coverage includes:

• Terminal illness cover of up to $500,000 for treatments and caring for your family.
• An advanced funeral benefit that pays out upon the death of the life insured.
• Critical illness cover to give you enough time to recuperate.

A number of exclusions apply:

• Death due to war, riots, or acts of terrorism.
• Death caused by suicide or self-injury within the first 13 months of coverage.
• Certain pre-existing medical conditions.

Assurance Extra

This policy is designed to cater to your personal life and living insurance requirements. With nine distinct covers to choose from, you have the flexibility to customise your coverage. These include:

1. Life cover and life income cover provide a lump sum payment or a monthly amount (life income cover) in the event of your death or diagnosis of a terminal illness. In the case of a terminal illness, you’ll get your current life cover amount, up to a maximum of $500,000.
2. Trauma cover provides a lump sum payment if you experience a defined illness or condition for the first time.
3. Complete disablement cover comprises a lump-sum payment if you become completely disabled due to illness or injury.
4. Income cover provides a monthly amount to compensate for lost income if you’re unable to work.
5. Mortgage repayment cover takes care of your mortgage repayments. It also provides compensation for lost income due to disability.
6. Redundancy cover provides a monthly amount for up to six months to support you if you’ve lost your income.
7. Specific injury cover offers a monthly amount for up to six months for specific injuries.
8. The Premium cover protects your policy in the event of disability, redundancy, or bankruptcy.

You also get additional coverage such as:

• A policy enhancement benefit
• A children's bereavement support benefit of $15,000
• A grief counselling benefit for yourself or family members
• A parental-leave loyalty benefit when the assured or a partner gives birth or if they adopt