Skip to content

Get $200 off Life & Living Insurance after paying for your first month*

*$200 credit is applied per policy in the second month after your policy is issued. Offer applies to all applications received by nib between March 1 – April 30, 2024. T&C's apply.

Life & Living Insurance at a glance

Life & Living Insurance offers flexible choices for cover so that you can best protect what's important to you.

Each of our Life & Living insurance plans provides financial support following a significant event or trauma. You can choose from the following options:

Life insurance

This pays a lump sum of money if you die or are diagnosed as terminally ill and are expected to die within the next 12 months.

Living insurance

This provides options for financial support following illness and injury.

Serious Illness Trauma

This cover pays a lump sum to you if you're diagnosed with a medical condition defined in the policy, such as severe cancer or a major heart attack.

Income Protection Illness

This cover pays you an agreed monthly amount if you're unable to work because of illness, providing you were previously working at least 25 hours per week for a single employer.

Funeral cover

With any of the above options, you also get complimentary Funeral Cover. This pays a lump sum of $15,000 to help with funeral costs if you die or are diagnosed as terminally ill and are expected to die within the next 12 months.

Life & Living Insurance Estimator

Working out what kind of cover best suits your situation can be tricky. If you don’t quite know where to start, we’ve made things easy with our Estimator tool.

This estimator provides a simple starter for considering what type of insurance may be right for you and how much cover you might need, based on your answers to some general questions and choices you make about the level of cover you would want. It should only take a few minutes and when you’re done, we can email you the results. This isn’t financial advice or a quote, and any indicative premium in the estimator may change after an application is assessed.

What are your options?

Life cover

Provides a lump sum for your loved ones after you die or if you’re diagnosed with a terminal illness and are expected to die in the next 12 months.

How much do you need?

If you were to die, would there be enough money to cover your:

  • family's immediate living costs?
  • existing debts, like mortgages, credit cards and personal loans?
  • funeral expenses?
  • future expenses like education for your children?

Maximum cover amount:

You can apply for any amount of cover.

Money is paid to you, your beneficiary, or your estate

One lump sum payment

Must be 18 - 70 years old to apply

No cover for passing away from self-inflicted harm during the first 13 months of cover

Serious Illness Trauma cover

Provides a lump sum if you're diagnosed with a defined serious medical condition.

How much do you need?

If you were unable to work because of illness, would you have enough money to cover:

  • your current income?
  • the difference between your current income and a disability benefit?
  • your family's immediate living costs?
  • future expenses related to your illness?

Maximum cover amount:

$1 million.

Money paid to you

Full or partial payment of the amount insured depending on the severity of the specific illness

Must be 18 - 60 years old to apply

No cover for any defined cancers in first 90 days

No cover if you die within 14 days of the diagnosis of a medical condition specifically defined in the policy

Income Protection Illness cover

Provides a monthly payment if you can’t work due to illness.

How much do you need?

If you were unable to work because of illness, would you have enough money to cover:

  • your current income?
  • the difference between your current income and a disability benefit?
  • your family's immediate living costs?
  • future expenses related to your illness?

Maximum cover amount:

55% of your gross income, up to a maximum of $6,000 per month.

Money paid to you

Two or five year cover period

Must be 18 - 60 years old to apply

Must be employed for at least 25 hours per week for a single employer

No cover during the first 30 days

Monthly payment may be reduced by your other income, including other payments such as a sickness or ACC benefit

Important things to know

Get $200 off Life & Living Insurance Campaign Terms and Conditions

  • You (the policy owner) are eligible for this offer (Offer) if you:
    • Apply for a new Life & Living product (Eligible Policy) between 1 March and 30 April 2024 (or such later date as nib may permit in its absolute discretion) and your application for cover is accepted by nib.
  • The Offer of $200 off will be applied as a credit on the Eligible Policy in the second month after your Eligible Policy is issued. The credit is not transferable, refundable or redeemable for cash. The credit will automatically go towards future premiums on the Eligible Policy and when the credit runs out, premiums will be payable at the applicable rate and the Eligible Policy will continue to be charged on the selected payment frequency (fortnightly/monthly). The credit may result in a partial payment being due, before payments return to the regular premium amount.
  • For Eligible Policies where a fortnightly payment frequency is selected, the first two fortnightly premiums will need to be paid then the Eligible Policy will be credited $200 per Eligible Policy, in the second month after your Eligible Policy is issued, as long as the Eligible Policy is active (i.e. not cancelled), or is not under claim.
  • For Eligible Policies where a monthly payment frequency is selected, the first month’s premiums will need to be paid, then the Eligible Policy will be credited $200 per Eligible Policy, in the second month after your Eligible Policy is issued, as long as the Eligible Policy is active (i.e. not cancelled), or is not under claim.
  • The Offer cannot be used in conjunction with any other Life & Living Insurance offers.
  • These terms and conditions may be updated or modified by nib provided this does not prejudice anyone who has already received the Offer. They were last updated on 26 February 2024. nib will publish any change on our website nib.co.nz.
  • nib reserves the right to cancel the Offer at any time without notice.
  • The Offer is promoted by nib nz insurance limited 0800 555 642, [email protected]. Level 9, 48 Shortland Street, Auckland City, 1010
  • Eligibility

    To apply for nib Life & Living Insurance, you'll need to complete an application form and be:

  • Living in New Zealand and have one of the following:
    • New Zealand or Australian passport/citizenship
    • New Zealand or Australian Permanent Resident Visa (with no travel conditions on your visa)
    • New Zealand Resident Visa (for Life cover and/or Serious Illness Trauma cover only)
  • 18-70 years old to apply for Life Insurance (Life cover)
  • 18-60 years old to apply for Living Insurance (Serious Illness Trauma cover or Income Protection Illness cover)
  • employed for at least 25 hours per week for a single employer to apply for Living Insurance (Income Protection Illness cover)
  • Temporary Accidental Death Cover

    While you’re waiting for your application for Life & Living cover to be assessed, you’ll receive Temporary Accidental Death Cover.

    Stand down periods

    Stand down periods apply for these policies – this means you can’t claim for certain things immediately. Please read the full policy document for details.

    You're not locked in

    You get a 30-day free-look period when you join, to help you decide whether your cover is a good fit. We'll refund any premiums you've paid if you decide the cover isn't for you and you ask us to cancel in that first 30 days. If you ever feel your Life & Living Insurance cover is no longer what you need, we can talk you through your options.

    Only the main features and benefits of the Life & Living Insurance and Temporary Accidental Death Cover are outlined here. For a full explanation of all benefits, exclusions and other terms and conditions of the cover, view the Policy documents:

    Life & Living Insurance is provided by nib nz insurance limited and is a related company of nib nz limited (“nib”). nib nz insurance limited issues and underwrites Life & Living Insurance products, and is solely responsible for claims under the cover. nib sells and may advise you on these products. Find out more about financial strength and financial advice with nib.