Beneficial Insurance Limited

Beneficial Insurance Limited was established in 2002 and is 100% New Zealand owned and operated.

Beneficial Insurance Limited is dedicated to providing insurance products designed to meet your Insurance needs and insure what is important to you.

We offer motor vehicle and finance associated insurances, including Mechanical Breakdown Insurance (MBI), Guaranteed Finance Protection Cover (GFP) and Consumer Credit Indemnity (CCI). In addition, we are also able to offer our Pet-n-Sur product, a pet medical insurance for your cats, dogs, horses and rabbits.

If you would like to discuss your insurance requirements you can email us or call 0800 438 245.

Beneficial Insurance Limited is a ‘licensed insurer” for the purposes of the Insurance (Prudential Supervision) Act 2010. For details on our Financial Strength Rating and Solvency Disclosures please click here

Beneficial Insurance Limited Products

Mechanical Breakdown Insurance
  • There are times that your motor vehicle will require mechanical attention due to a breakdown.

  • This is where Mechanical Breakdown Insurance can assist by paying for what can be expensive repairs and ensuring that you and your vehicle remain on the road.

  • If you have any questions, or require further information, please do not hesitate to contact us.

Guaranteed Finance Protection
  • In many cases where a Motor Vehicle is written off and the claim is paid by the Motor Vehicle Insurer, there is still money owing on a finance contract.  GFP Cover has been designed to protect the shortfall that may occur.

  • For example, you owe $12,000 on your car but its insurance value is $9,000.  If your car is written off, you will have a shortfall of $3,000 still to pay on your loan.  If you have GFP cover through Beneficial Insurance Limited (‘BIL’), this amount would be covered by the policy meaning you would no longer owe the finance company any money!

  • Cover is available up to a maximum of $10,000 and can be arranged direct through the team at BIL or through an approved BIL Motor Vehicle Dealer.
  • If you have any questions, or would like further information, please do not hesitate to contact us.

Consumer Credit Indemnity

There could be a time that you will be unable to work due to a medical or work-related situation which puts financial pressure on your ability to continue to pay your repayments to your Finance or Lease Company.
That is where CCI comes in. Your repayment instalments on the applicable contract can be met for a specific time period or in some cases until you are able to return to work.


The following lists the type of events that can be covered (subject to the particular Policy selected and the Terms, Conditions & Exclusions that relate to that policy):

  • Death by Accident – In the event of Death by Accident your Finance Contract will be paid off.
  • Sickness Cover – In the event you are unable to work due to a sickness then for a specific time period we will pay your instalments.
  • Temporary Total Disablement – In the event you are unable to work due to an accident then for a specific time period we will pay your instalments.
  • Redundancy – In the event you are made redundant and can not find work then for a specific time period we will pay your instalments.

If you have any questions, or require further information, please do not hesitate to contact us.

Beneficial Insurance Limited Contact

P.O. Box 68 548 Newton, Auckland
Telephone:0800 438 245
Facsimile:0800 329 424
Email:admin@beneficial.co.nz
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