Financial strength rating

Cigna Life Insurance NZ Limited ("Cigna") has an A- (Excellent) financial strength rating which was given by A.M Best Company Inc. The rating scale is:

Secure Vulnerable
A++ A+ Superior B B- Fair
A A- Excellent C++ C+ Marginal
B++ B + Good C C- Weak
      D   Poor
      E   Under regulatory Supervision
      F   In Liquidation
      S   Suspended

Income Protection

If you're unable to work, things like groceries, power bills, fuel and your rent or mortgage still need to be paid.

That's why we're making it easier to protect your family by letting you decide how much cover you need. Our new Income Protection calculator lets you input the weekly or monthly expenses you want to cover and tailor how little you pay.

If you had an accident, an illness or an injury and couldn't do your job for thirty days or more, we could give you up to 75% of your income, every month you're off work - for up to 2 years.

You can tailor a Cigna Income Protection policy to your situation by selecting a wait period and payment period to suit you.

A wait period is how long you have to be off work before you can receive the payments.  You can choose to wait for 30, 60 or 90 days.  Having a longer wait period will mean that your premiums will be lower, but you have to be off work for a bit longer before you can make a claim.

You also get to choose how long we make payments for.  We will pay you for up to 6, 12 or 24 months.  The shorter the payment term you choose, the lower your premium will be.  The full 24 month term can give you greater peace of mind.

Whatever you choose, you can relax in the knowledge that our Income Protection pays up to 75% of your usual earnings (to a maximum of $10,000 per month).

We also reward you for healthy living, so you can look forward to a $100 Healthy Living bonus after a year of no claims.

For some special risk occupations, there is a maximum monthly payout of $3,000.

We recommend you read the brochure and the policy wording for full product information.

Don't need full Income Protection cover? 

Find out more about Cigna Bill Cover.

Important information

  • Open to all NZ residents aged 18-59 working for 25 or more hours a week
  • Pre-existing conditions - claims that arise from a condition you had in the two years before your income protection cover start date are excluded.
  • Income Protection expires on the anniversary of your policy after your 65th birthday.
  • We also suggest that you talk to your tax adviser regarding the tax status of the policy premiums & benefits as they relate to you.


This information is of a general nature. If you would like advice which takes account of your particular situation or goals, please phone us on 0800 244 006.