In New Zealand, workplace insurance − in the form of subisdised plans, voluntary plans, or a combination of both − is one of the most popular employment benefits available.
Does your employer provide cover?
If your employer is paying for your personal insurance cover, you have what is called ‘subsidised’ workplace insurance. With Sovereign workplace insurance, there are four types of workplace insurance. Your employer will have selected one or a combination of these.
Provides an income if you can't work for an extended period due to disability from sickness or accident.
Pays a lump sum if you become critically ill with one of the defined critical conditions, such as heart attack, stroke or cancer (as defined in the policy).
Is insurance available to you at reduced rates?
Sovereign insurance may be available through your employer, with reduced premiums and fewer medical questions, making the application process easier.
You can select exactly the cover you need from four types of insurance. Some people get them all, others choose just one or two.
If you leave, take it with you
Leaving your job doesn’t mean your cover has to cease. You may be able to continue your insurance benefits. Find out more about continuation options.
Disclaimer: The availability of any insurance cover is subject to your application being approved. For full details, refer to the policy document which is available on request from Sovereign. Applications are subject to individual consideration. Special conditions, premiums, maximums and exclusions may apply. The information contained on this website is general in nature and is not intended as advice. Before making any investment, insurance or financial planning decision you should consult a professional adviser. Copies of our disclosure statements are available on request, free of charge.