Asteron Life Limited

We’ve been helping Kiwis for quite some time – with our roots tracing back all the way to 1878. Most Kiwis will have known us originally as Royal and Sun Alliance.

We pride ourselves on not being what you’d normally expect from a life insurance company.

We focus on the positive – it’s all about grabbing life with both hands, laughing till your sides hurt. Climbing a mountain or starting a family. It’s seizing your chances. And simply loving what you’re doing. Whatever you’re doing.

To us, life insurance is all about getting the most out of today – knowing that if things go wrong, you’ve got plans in place.

We’re also an important part of Suncorp New Zealand, a leading general and life insurance provider. Suncorp New Zealand is part of Suncorp Group, which has over 9 million customers and A$96 billion in assets. Good to know when it comes to claims time.

Our customers are everything

We get what makes people tick. What’s important to them. And how to live life to the full. Our customers are the lifeblood of our business; and everything we do as a company reflects that.

From our friendly service, our smart insurance policies and our clear and simple communication style (for which we were given the WriteMark award). Working closely with impartial advisers, we look after your best interests every step of the way.

Asteron Life Limited Product

Life Insurance

Life Insurance pays a lump sum of money if you pass away or become terminally ill. It is designed to help your family pay costs that you would have helped with if you were still alive.

Most people use Life Insurance for:

  • Ensuring funds to cover funeral expenses
  • Providing funds to their family after they’ve gone
  • Clearing debt such as credit card, personal loans, mortgage
  • Paying for childcare support if the person who passed away was the primary caregiver
  • Providing future financial support for their children
  • Some people who are terminally ill choose to access a portion of their life insurance to help with the cost of treatment or to tick experiences off their bucket list
Life Insurance benefits
  • Death benefit

Your family or nominated beneficiaries will receive a lump sum of money if you pass away.

  • Terminal illness support

Pays a lump sum if you’re given less than 24 months to live. You can use the money for your immediate care and help to plan a secure future for your family without having to tap into your life cover.

  • Funeral advancement

We will make an advance payment from your Life Cover when a life insurance claim is accepted. This pays for immediate expenses such as a funeral.

  • 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.

  • Funeral conversion

You can choose to convert some of your life cover to a level premium Funeral benefit.

Trauma Insurance

Recovering from a serious illness, injury or medical procedure takes time. Our Trauma Recovery Insurance provides you with a lump sum payment to help financially while you recover. It covers 46 medical events, conditions and surgical procedures including many types of cancer, heart attack and stroke.

Most people use Trauma Recovery Insurance for:

  • 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
  • Aid recovery by treating themselves to something that makes them happy, such as going on a family holiday
Trauma Insurance benefits
  • Trauma recovery

Pays a lump sum if the medical event, condition or surgical procedure you experience meets the claim criteria.

  • Early stage cancer cover

Some of your cancer cover is paid out early to help with your treatment. 

  • 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. 

Income Protection

Your income is often your biggest asset and losing it can turn life upside down. If you’re unable to work—either temporarily or permanently—because you’re sick or injured, Income Protection Insurance will provide you with money to live on as a monthly payment while you’re not receiving your salary or wage.

Income Protection Insurance benefits
  • Income support

Pays you a monthly benefit if you’re unable to work because of illness or injury

  • Rehabilitation & retraining support

Helps you with your rehabilitation and retraining costs

  • Recurrent disability

Pays you a monthly benefit if you suffer the same sickness or disability within a year

  • Return to work

Pays you a bonus benefit if you are able to return to work

  • Family assist

We’ll pay for a nurse or family member to look after you at home for up to 6 months

  • Accommodation support

Pays for your family to be with you if they live more than 100km away

  • Disability reset

Allows you to claim again if you suffer a related sickness or injury

  • Elective surgery

Pays you a monthly benefit if you are disabled due to an elective surgery

  • Payment while overseas

Pays you a monthly benefit if you are disabled while overseas

  • Funeral assistance

We reimburse your family up to three times the monthly benefit for your funeral costs if you die

  • Grief support

Helps with the cost of professional grief support to cope with sudden changes.

  • Overseas assist

Reimburse you and one support person for travel back to New Zealand if disabled overseas

  • New parent premium waiver

We’ll pay your premiums for six months while you’re on parental leave

Asteron Life Limited General Enquiries

  • 0800 737 101
  • +64 4 495 8700
  • contactus@asteronlife.co.nz