Chubb Life NZ has updated its Assurance Extra and Assurance Extra Business policies to include a continuous trauma benefit option.
This benefit allows eligible Chubb customers to retain their cover post-claim, providing continuous coverage of up to four times the trauma cover sum insured. Current Chubb customers can apply to add this to their Assurance Extra cover.
Simon Tohill, the firm’s General Manager, Strategy and Marketing said: “With this new benefit in place, customers can retain their trauma cover after an initial claim for future unrelated conditions, providing them with peace of mind.”
The firm has also changed its suspension of cover option, so customers with eligible policies can retain some of their cover when looking to reduce their premiums, instead suspending the entire policy.
In addition, Chubb’s partial benefit within the Assurance Extra and Assurance Extra Business trauma cover now entitles customers to a partial payment when they undergo surgery for cardiac defibrillator insertion after the occurrence of ventricular tachycardia or ventricular fibrillation. A 90-day stand-down period applies for new applications and sum insured increases.
…customers can retain their trauma cover after an initial claim…
The firm has also added a new condition to its Assurance Extra and Assurance Extra Business trauma cover that means customers will be eligible for a partial payment if they undergo the permanent insertion of a pacemaker to correct an abnormal rhythm of the heart. A 90-day stand-down period applies for new applications and sum insured increases.
Other updates to Assurance Extra and Assurance Extra Business include:
- Free life cover after age 100 for customers who take life cover on a level to age 100 premium
- Extending the expiry age of the complimentary children’s benefit from 19 to 24 years old without additional medical underwriting
- Cover for burns
- Benefits for profound and irrecoverable loss of hearing
Click here for more about continuous trauma benefit.