97% of claims accepted and $112m paid to customers from
1/7/23 - 30/6/24
What is Cancer Insurance?
In New Zealand, two-thirds of all serious illness claims are for cancer. Cancer cover pays you a lump sum of money if you’re diagnosed with cancer to help you recover physically and financially.
Most people use Cancer Insurance to:
- Pay for their spouse or family member to take time off work, so they can provide support and care at home
- Pay for additional or alternative treatments that may not be covered by the New Zealand health system or health insurance
- Cover additional expenses such as childcare and travel to medical appointments
- Reduce debt such as mortgage or credit card payments
- Take time off work to rest and recover – often choosing to work reduced hours
- Treat themselves, such as going on a family holiday
Cancer Insurance benefits
Cancer cover
Pays a lump sum of money if you are diagnosed with most cancers.
Early stage cancer
Some of your cancer cover is paid out early to help with treatment of any early stage cancer.
Financial planning
We will pay for your family to receive professional advice from an approved financial planner. This helps your family decide the best way to use the money they will receive.
Grief support
We will pay to help with the cost of professional grief support during the grieving process.
Optional benefits you can choose to include:
Asteron Life Connected Care is included at no extra cost with eligible Asteron Life policies, get access to online services across medical, mental health and wellbeing. Register at Asteron Life Connected Care to use the services.
Lets you cover your kids too.
We pay your Cancer Cover premiums if you can’t work more than 10 hours per week due to illness or injury.
Covers medical workers who contract Hepatitis B or C or HIV during work.
Lump Sum Support when you need it. 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.
Ready to speak to an adviser?
If you would like to know more about Cancer Insurance we can put you in touch with an adviser who can explain the different options available.
Speak to an Adviser
Frequently asked questions
I thought cancer was covered by Trauma Recovery Insurance so why is this separate Cancer Insurance needed?
Yes, cancer is one of the conditions covered by Trauma Recovery Insurance. However, some people want to beef up their cancer cover without paying for other conditions. There are others who have pre-existing symptoms such as diabetes, or heart disease, which prevent them from being able to get the full Trauma Recovery Insurance.
If I have both Cancer Insurance and Trauma Recovery Insurance, will both be paid?
If you qualify for a cancer claim under both covers you’ll receive both sums insured.
Disclaimer: The information provided above is for general information only, it is not financial advice or personalised to your situation. If you would like advice that takes account of your particular situation, please contact your financial adviser. Full details of policy terms and conditions are available from Asteron Life Limited or your financial adviser. Terms, conditions, exclusions and limits apply. If there are differences between the information provided here and the policy document, then the policy document will prevail. Asteron Life Limited and its related companies do not accept any liability in connection with the information provided.