WELLINGTON, September 26, 2024 – Chubb Life New Zealand ("Chubb Life NZ") today announced a series of enhancements to its Assurance Extra and Assurance Extra Business policies, including the addition of a new Continuous Trauma Benefit, as part of its commitment to supporting the evolving needs of its customers.
The new Continuous Trauma Benefit is available on Assurance Extra Trauma Cover and allows customers to retain their cover post-claim, providing continuous coverage of up to four times the Trauma Cover sum insured.
Simon Tohill, General Manager, Strategy and Marketing at Chubb Life New Zealand, said, “Serious illness or injuries can strike unexpectedly, and unfortunately, they can happen more than once. 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 that they’ll have financial support to pay for treatment and any other costs that may arise.”
Chubb Life NZ has also enhanced a series of benefits and medical definitions under its Assurance Extra and Assurance Extra Business policies to provide customers with additional support. These include extending the Complimentary Children's Benefit under its Assurance Extra Trauma Cover from ages 19 to 24, alongside the option to convert the cover to a standalone Trauma Cover at age 24 without additional medical underwriting.
“By extending the age of cover and making it easier to continue this protection into adulthood, we hope this provides worry-free assurance to parents that their children will be covered not only now but in the long-term," continued Tohill. Find out how the optional Continuous Trauma Benefit works on our website
Information on the enhancements and how they apply to existing customers is available to view here
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and
supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 40,000 people worldwide. Additional information can be found at: www.chubb.com.
About Chubb Life New Zealand
Chubb Life Insurance New Zealand Limited ("Chubb Life NZ") is one of the country’s leading providers of life insurance. We're committed to being there for our customers when they need us most. We offer our life, income protection, critical illness and business insurance products through Independent Financial Advisers, our distribution partners, as well as best-practice direct marketing. Chubb Life has an A (Excellent) financial strength rating which was given by A.M. Best Company Inc. Visit chubblife.co.nz/financial-strength for the rating scale and more information. The rating scale is also available for inspection at our offices.
Ends