Life Interruption Cover & Group Cover

Overview of Life Interruption Group Cover

TMFNZ facilitates Life Interruption Cover through New Zealand insurance company Partners Life. The approach is to represent employees and provide a blue collar lump sum trauma product with satisfactory cover for manual workers. TMF’s brief for the product was that Life Interruption should be –

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• Broad in coverage

• Allow for multiple claims on the same injuries

• The premium to remain consistent and not vulnerable to significant premium increases.

• A simple claims process.

• Pre existing conditions covered.

• Over and above any ACC payments.

• Provide workers with cover that they are unable to get in the retail market, because of the risks involved in their occupations.

• Cover day to day injuries which will take the employee away from work for a period of time.

• 24/7 cover not just cover while at work.

New Zealanders are infamous for lack of savings, companies who have this plan in place for employees, offer a solution which assists financially to get them through tough times.