Life Cover
Disability Cover
Business Cover
Trauma Cover
Total And Permanent Disablement Cover
Product Updates
Make a Claim
Make a Payment
Review Your Cover
Previously Sold Products
Help When You Need It
Update Your Details
Documents and Forms
Leadership
Awards
Financial Strength Rating
News & insights
Careers
Community Partners
About Acenda Life
Disability cover
Income Protection Insurance
Your income is often your biggest asset and losing it can turn life upside down. Our Income Protection Insurance is designed to provide you with peace of mind if you are unable to work due to getting sick or hurt.
Income Protection Insurance benefits
01
Income support
Pays you a monthly benefit if you’re unable to work because of illness or injury.
02
Rehabilitation & retraining support
Helps you with your rehabilitation and retraining costs.
03
Recurrent disability
Pays you a monthly benefit if you suffer the same sickness or disability within a year.
04
Return to work
Pays you a bonus benefit if you are able to return to work.
05
Family assist
We’ll pay for a nurse or family member to look after you at home for up to 6 months.
06
Accommodation support
Pays for your family to be with you if they live more than 100km away.
07
Disability reset
Allows you to claim again if you suffer a related sickness or injury.
08
Elective surgery
Pays you a monthly benefit if you are disabled due to an elective surgery.
09
Payment while overseas
Pays you a monthly benefit if you are disabled while overseas.
10
Funeral assistance
We reimburse your family up to three times the monthly benefit for your funeral costs if you die.
11
Grief support
Helps with the cost of professional grief support to cope with sudden changes.
12
Overseas assist
Reimburse you and one support person for travel back to New Zealand if disabled overseas.
13
New parent premium waiver
We’ll pay your premiums for six months while you’re on parental leave.
Optional benefits you can choose to include:
Boosts your monthly benefit in the early stages of a claim.
Pays you a benefit while you're waiting for your claim payments to start, if you're confined to bed or diagnosed with a specified condition.
Increases your monthly benefit each year to help keep pace with inflation.
Covers medical workers who contract Hepatitis B or C or HIV during work.
Provides a discount if you choose to limit your benefit payment period to two years for any claims related to mental illness.
Lets you cover your kids too.
Receive this benefit if you suffer any of 29 specified injuries (ranging from broken bones to paralysis). The benefit is payable even if you are still able to continue working. Check the policy document for the full list of injuries and payment periods.
Depending on the option you have selected, the payment(s) will be either your monthly benefit for the payment period or a multiple of your Specific injury support benefit – lump sum sum insured.
Frequently asked questions
Choose your wait period
When you set up your policy, you’ll decide how long the wait period is before you start receiving payments.
Chat to your adviser about the different options – there’s a 2, 4, 8, 13 or 26 week wait. In some cases a 1 or 2 year wait period might suit you best. It all depends on how well you’d cope financially before payments kick in.
ACC payments and Income Protection Insurance
Whether you get payments if you’re also receiving ACC may depend on the type of cover you take out. Asteron Life’s Loss of Earnings cover may top up the amount you receive from ACC. However, everyone’s circumstances are different and an adviser can recommend the best cover for your situation.
