Business overheads cover
Monthly payments of eligible business overheads if you or a key person was unable to work due to disability as a result of illness or injury
Is Business Assurance for me?
Leave your details and an Insurance Adviser will give you a call
What else do I need to know?
Eligible policies for client benefits are: Assurance Extra, Business Assurance, Business Extra, Agribusiness Extra, Life Cover Plus, Mortgage Extra, Rural Extra, Children’s Extra and Grandchildren’s Extra.
The benefits are only available to the policy owner, life assured and dependent children. A dependent child is aged 16 and under (or up to 21 years old if in full time education and financially dependent on the policy owner or life assured).
The benefit must be received and claimed within 13 months of the life event occurring.
A referral from a medical practitioner is required to be eligible for the fitness and nutrition benefits.
Life Insurance doesn’t only cover people when they pass away, it can provide critical cover for people diagnosed with a terminal illness. In a lot of these instances, the Life Insured needs to stop working and has expensive medical bills to cover, yet their day-to-day living costs don’t stop. Having a Life Insurance Policy can therefore be a worthwhile investment to help manage these unexpected circumstances.
If the policyholder is diagnosed with a terminal illness, we will pay you the current Life Cover Amount (i.e. the sum insured), up to a maximum of $500,000. If this payout doesn’t cover the full amount insured, the rest will be paid out when the policyholder passes away, provided premiums continue to be paid during this time. If we pay the Terminal Illness Benefit equal to the current Life Cover Amount, the Policy will end and no further premiums will be payable.
Our Cigna policy wording has further information on this if you would like to learn more about terminal illness cover as well as other parts of a Life Insurance Policy.