In these uncertain times it’s reassuring to know that you have a Friend in Amicus. Amicus is here to support you, your family and businesses with advice and answers to the many questions you may have at this time.
The following are frequently asked questions regarding your Life, Trauma, Disability and Income Protection benefits.
Life, Trauma, Disability & Income Protection – Frequently Asked Questions
Do my Life Insurances have a Pandemic Exclusion?
The majority of Life, Trauma, Disability and Income Protection Insurance policies in NZ do not have a Pandemic exclusion. It is important to remember that for the most part, each benefit including Private Health Insurance is specific to there being a change in your health and that meet the policy terms and conditions. Please note a downturn in income or business revenue is not a claimable event. However, there are many ways in which the government can assist you or your business financially via the COVID-19 subsidy program. Please visit this page for more information.
I’ve been putting off implementing a Life Insurance program or Private Health Insurance to protect me and my family, can I apply now?
If you have been delaying implementing Life or Private Health Insurances or wish to implement new cover, for the most part it is business as usual for the insurers. Please contact your Amicus Adviser who can discuss appropriate cover and assist you in applying.
How are my Life, Trauma, Disability & Income Protection benefits affected if I needed to claim?
Provided you meet the terms and conditions of your policy, you’ll be able to make a claim.
While Covid-19 isn’t listed as a specified Trauma condition, some policies may provide cover if you were to have ongoing complications resulting from Covid-19. If as a result of Covid-19 you meet the terms and conditions of your policy, you’ll be able to claim.
The definition of ‘totally disabled’ will be specific to the type of TPD cover you have but can include: unable to ever do your own occupation, or any occupation; or unable to complete activities of daily living. In general, if as a result of Covid-19 you meet the TPD definition and the terms and conditions of your policy, you’ll be able to claim.
Income & Mortgage Protection
You will only be able to claim if they’re medically certified as unfit to work, for example if you’ve contracted Covid-19 and are not well enough to work, and otherwise meet the terms and conditions of your policy.
You won’t be able to claim if you are put in quarantine, for example, or unable to attend your place of work.
If you have further questions or require advice or assistance please find your Amicus Adviser contact details here, we’re here to help.