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Workability Insurance
Talk to an Adviser about Workability Insurance. They can:
Find the best products for your budget and needs
Provide customised advice and keep your insurance up-to-date
Be impartial, as they are not Asteron Life employees
94% of claims accepted and $121m paid to customers from 1/7/22 - 31/6/23
What is Workability Insurance?
Workability Insurance is designed to help restore your ability to work, supporting you with monthly payments if you’re not eligible for ACC payments. It can also provide assistance with rehabilitation and retraining.
Workability Insurance benefits
Optional benefits you can choose to include:
While receiving your monthly benefit, the amount will increase at every policy anniversary in line with inflation.
Lets you cover your kids too.
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.
If you have an existing policy with Asteron Life, your benefits may be different from our current on-sale products, so it’s a good idea to check things with your adviser.
There are terms and conditions that apply to all benefits within Workability Insurance. Don't worry though, your adviser can take you through these and what they mean.
Other types of cover
Income Protection Insurance is similar to Workability but has a number of additional benefits and options available.
Unsure?
Talking to an adviser will help you focus on what’s important to you, and it's even more effective with a little preparation.
Use our handy LifeSnap tool to prepare for your conversation with an adviser so you don't have to think on your feet!
Frequently asked questions
If I’m receiving weekly compensation payments from ACC will I also be eligible to receive the Workability Insurance monthly benefit?
No, Workability Insurance only offers you income replacement support when ACC doesn’t. It’s good to know that ACC only provides support for accidental injuries.
If my ACC payments stop but I’m still unable to work, will Workability Insurance pay me a monthly benefit?
As long as you meet our benefit criteria, we’ll pay you a monthly benefit if you’re not receiving regular payments from ACC.
What is the difference between Workability Cover and Income Protection Cover?
Workability Insurance is more affordable income protection insurance. It doesn’t include the bells and whistles that come with our premium Income Protection Insurance. Your adviser can help you figure out if Workability Insurance is right for you. If you don’t have an adviser, we can help you find one.