LifeCare Insurance

LifeCare is designed to help look after you and the people who matter the most in your life from the moment your policy is issued.

If you earn an income, how would you survive if you couldn't work? If you have family who depend on you, what would happen to them if you become seriously ill, had a bad accident or died? LifeCare helps provide the reassurance you need. A claim payment could be used to provide income while you can't work, help pay loans, living expenses, the cost of medical treatment, funeral expenses, future education costs and more.

Life insurance benefits

Life insurance can give you:

  • Financial help in the event of illness, injury, redundancy or death.
  • Peace of mind that you and your family are financially covered if something unfortunate and unforeseen happens

Assessing your insurance needs

Get the right type and amount of insurance:

  • Think about what goals you have, and what you need to continue to meet these and your living expenses.
  • Talk to us - we'll help you assess your insurance needs.

Pick and choose the cover you need

From a base of death and terminal illness cover, you can apply for other options to help create all-round protection, so that you'll always have protection that fits.

Standard covers

  • Death and terminal illness cover provides a lump sum payment if you die or become terminally ill. It can make a big difference to your family because it pays a lump sum that can be used for anything. Funeral expenses, loan repayments and living expenses are some examples of how it could help.
  • Bereavement Support benefit helps with immediate expenses by providing an advance payment of up to $5000 if the person insured dies. This is an advance payment of death and terminal illness cover sum insured.
  • Child Death Cover benefit. To make things easier at a traumatic time, this benefit provides an immediate payment of $2000 if a child of the person insured dies in an accident aged between 3 and 10 years.

Optional covers

  • Critical Condition benefit provides a lump sum if the person insured suffers a serious illness like a heart attack or cancer. The money can be used for any purpose – from rehabilitation to a well-deserved holiday
  • Permanent Disability benefit pays a lump sum if you become permanently disabled and are unable to work again. It helps take the financial pressure off your family at a difficult time
  • Temporary Disability benefit is income protection cover that helps provide regular income for up to two or five years if you are unable to work due to disability. There is limited cover available if your main occupation is staying at home looking after dependents (so if you can't do it due to disability, you can pay someone else to).
  • Redundancy benefit is income protection cover that can help provide income for up to six months if you are made redundant.

Earn Fly Buys Points

You can collect Fly Buys^ points based on the premium you pay. Premiums can be paid fortnightly, monthly or annually.

Keep your insurance close at hand in Internet Banking

You can quickly and easily view your insurance details online in Internet Banking. See your policy details anytime, or find out how to make a claim.

Interim death by accident benefit

BNZ LifeCare provides up to $500,000 cover for accidental death while your application is being processed.

30-day no risk trial period

If you change your mind and cancel your policy within 30 days of taking it out, you'll get a full refund of the premiums you've paid.

Financial Strength Rating

BNZ Life Insurance Ltd has an A 'Excellent' financial strength rating which was given by A.M. Best Company Inc.

The rating scale is: A++, A+ Superior | A, A- Excellent | B++, B+ Good | B, B- Fair | C++, C+ Marginal | C, C- Weak | D Poor | E Under Regulatory Supervision | F In Liquidation | S Suspended

Get in touch about LifeCare Insurance


Under the Insurance (Prudential Supervision) Act 2010 BNZ Life Insurance Limited is required to operate at least one statutory fund and notify policyholders which statutory fund a policy is referable to. All policies underwritten by BNZ Life Insurance Limited are referable to BNZ Life Insurance Limited Statutory Fund No. 1.

Information on LifeCare policies

Insurance help and support

If you need some help or to make a claim, call 0800 808 648

Or call us on +64 4 474 9702* from overseas

Small Print

*International toll charges apply.

  1. Fly Buys terms and conditions apply.  Fly Buys points collection, conversion and redemption rates are subject to change without notice. Fly Buys are not available on credited premiums. BNZ (and its related companies) do not guarantee the redemption of Fly Buys or that Fly Buys will continue to be offered on their products/services. 

Approval criteria, terms and conditions and fees apply. Fees are subject to change. LifeCare is underwritten by BNZ Life Insurance Limited ("BNZ Life"). LifeCare is not an obligation of Bank of New Zealand (“BNZ”). The obligations of BNZ Life are not guaranteed by its related companies, including National Australia Bank Limited and BNZ, or any other parties. BNZ arranges LifeCare as an agent for BNZ Life and receives commission on any policies it arranges.

This is only a summary of LifeCare Insurance. Please read the LifeCare general terms and conditions for full details of the definitions, benefit payments and exclusions. Restrictions and underwriting conditions may apply. Claims will not be paid if exclusions set out in the relevant policy document and general terms and conditions apply. It is important that you check to see if any of these exclusions apply.

The information and recommendations on are provided for general information purposes only. To the extent that any such information or recommendations constitute financial advice, they do not take into account any person’s particular financial situation or goals. We recommend that you seek advice specific to your circumstances from your financial adviser