Chubb Group Personal Accident Insurance

Chubb Group Personal

Accident Insurance

Automatically quote your own policies

for SME clients

This new pre-underwritten Group

Personal Accident Insurance (GPA) oer

from Chubb enables brokers to quote

and bind direct with their new and

existing clients.

Policyholders can choose whether to use

the policy as a Sta Benet or whether

they receive the claim payment in the

event that an employee accidentally

dies or suers a serious injury.

The policy has varying benet levels

in the case of Accidental Death or

Disability as result of an Injury, with an

option to extend the level of cover to

include employee’s loss of income.

Policy benets

• Lump sum benets for Accidental

Death or Disablement through injury

• Lump sum benets for broken bones

• Benets for injuries resulting from

events such as:

– acts of terrorism

– workplace assault or trauma

Further benets also available for:

• Funeral expenses

• Return to work assistance

• Replacement sta/recruitment costs

• Company image protection

• Cover for visitors to company premises

• Emergency Home Help costs

• Home and car modication costs

Including 3 new benets brand

new to the NZ market:

• Car Jacking Benet; and

• Air or Road Rage Benet; and

• Public Transport Ticket Benet

The product has no general age

exclusion, meaning a level of cover

is available to persons of all ages.

Binding instructions

Our terms can be oered to qualifying

mutual clients with no application

form required!

Find the applicable premium from our

Pre-underwritten terms on the next

page by selecting the desired Lump

Sum Benet according to the number

of employees at the client’s company.

Email the following details to

your handling Underwriter:

• Company name

• Address

• Type of business

• Number of employees

• Lump Sum benet required

• Weekly Benet required if taken

• Closing

We will then issue a Schedule for

your client. Please see the Applicable

Conditions on the next page.

Pre-underwritten Terms

• Covered Persons: All Employees of the Policyholder (minimum 5 employees)

• Scope of Cover: 24 hours, worldwide

Part A Maximum Lump

Sum Benet Limits

Premium Based on Number of Employees

5 – 10 11 – 20 21 – 35 36 – 50

$50,000 $350 $750 $1,200 $1,500

$100,000 $500 $1,100 $1,650 $2,145

$150,000 $750 $1,650 $2,475 $3,220

$200,000 $1,000 $2,200 $3,300 $4,250

$250,000 $1,250 $2,750 $4,125 $5,365

Inclusive of 25% commission, additional GST of 6.43%

applies to all premiums in the above table.

Extended Pre-Underwritten Terms (note: cannot be taken stand-alone)

• Covered Persons: All Employees of the Policyholder (minimum 5 employees)

• Scope of Cover: 24 hours, worldwide

• Benet Period: 52 weeks

• Excess Period: 14 days

Weekly Bodily Injury

(note: claim oset by ACC

and other insurance policy)

Premium Based on Number of Employees

5 – 10 11 – 20 21 – 35 36 – 50

90% of Salary up to $3,000 $1,250 $3,200 $5,300 $7,750

Includes 25% commission.

For GST breakdown please contact your handling UW

Click the following links to view the full list of benets provided under this oer

and the applicable Policy Wording

Applicable Conditions:

1. No policy is bound:

a) until the Chubb Schedule is generated;

b) where any of the client’s employees work in any of the Excluded Industries

listed above;

c) unless the client has a minimum of 5 and maximum of 50 employees at the

time of inception.

2. You must ensure that the Client receives disclosure of our Financial Strength

Rating (located in the embedded Policy Wording) prior to binding.

3. Premiums must be paid to Chubb within 90 days of policy inception otherwise

the policy will automatically terminate.

4. All policy renewals require an oer of renewal to be made by Chubb.

5. You must ensure the client understands the cover provided by the policy

and not misrepresent any aspect of the policy.

6. You must have an existing broker partnership with Chubb to bind policies

using these terms.

If you want to partake in this oer but

are not an existing broking partner

please contact your Chubb underwriter.

Exclusions

Please note, this oer is not available to

the following occupations/industries:

• Emergency Services and Armed Forces

• Drivers (taxi’s, public transport,

couriers/ freight - short & long-haul)

• Pilots and Aircrew

• Forestry, Logging & Saw Mills

• Mining & Extraction

• Oil and Gas Rigs

• Sportspersons

• Racing (motor, aircraft, boat, horse, etc)

• Diving and related occupations

• Ships’ crew

• Fishing/Aquaculture

If this oer is not completely suitable to

your clients’ needs, or their occupation/

industry is excluded from the oer then

we are more than happy to provide a

crafted solution with variable benets

for which a separate submission will

be required.

About this Document

This brochure relates to Chubb Group

Personal Accident Insurance Policy

and is issued by Chubb Insurance

New Zealand Limited (Company No.

104656, FSP No. 35924). Any advice

in this document is limited to the key

features, exclusions and/or type of

Chubb insurance policy referred to

and does not take into account your

personal circumstances, objectives,

nancial situation or needs. You

should read the Chubb Group Personal

Accident Insurance Policy, which sets

out the full insuring clauses, denitions,

schedule, extensions, terms, conditions,

exclusions and limits of liability, having

regard to your own circumstances,

before making any decisions about

this insurance policy and contact your

nancial adviser to obtain further

nancial advice as required. A copy of

Chubb’s Financial Advice Disclosure

Statement can be found here.

Chubb Group Personal Accident & Sickness Insurance Fact Sheet, New Zealand. Published 04/2021.

are protected trademarks of Chubb. ChubbNZ14660421

About Chubb in New Zealand

is the world’s largest publicly traded

property and casualty insurance

company. With operations in 54

countries and territories, Chubb

provides corporate and commercial

property and casualty insurance,

personal accident and supplemental

health insurance, reinsurance and life

insurance to a diverse group of clients.

As an underwriting company, we assess,

assume and manage risk with insight

and discipline. We service and pay

our claims fairly and promptly. The

company is also dened by its extensive

product and service oerings, broad

distribution capabilities, exceptional

nancial strength and local operations

globally. Parent company Chubb Limited

is listed on the New York Stock Exchange

(NYSE: CB) and is a component of

the S&P 500 index. Chubb maintains

executive oces in Zurich, New York,

London, Paris and other locations,

and employs approximately 31,000

people worldwide.

Chubb’s operation in New Zealand

(Chubb Insurance New Zealand Limited)

oers corporate and commercial

property & casualty, group personal

accident and corporate travel insurance

products. Chubb also serves successful

individuals with substantial assets to

insure and consumers purchasing travel

insurance. It leverages global expertise

and local acumen to tailor solutions to

mitigate risks for clients ranging from

large multinational companies to local

corporates and SMEs, with all product

oerings transacted through brokers.

More information can be found at

www.chubb.com/nz.

Chubb Insurance New Zealand Limited

CU13, Shed 24

Princes Wharf

Auckland 1010

PO Box 734, Auckland 1140

O +64 9 377 1459

www.chubb.com/nz

Company No. 104656

Financial Services Provider No. 35924