The New Zealand Police Constabulary Group Life Insurance policy recognises the risks of being a police officer by providing life, terminal illness, critical illness insurance cover and total and permanent disablement cover. This is subsidised by New Zealand Police and subject to terms, conditions and exclusions.
Member pays $7.67
NZ Police contributes $10.74
Who receives your life benefit?
This form allows you to nominate who your life beneﬁt will be paid to in the event of your death and for PWF members, provides a life beneﬁt to you, in the event of your nominee’s death.
It is very important to have a completed and updated beneﬁt nomination form that accurately sets out your current personal circumstances. That means if your circumstances change, fill out a new form immediately.
Life or Terminal Illness Benefit
A life benefit is payable upon the insured person’s death or diagnosis of a terminal illness.
A lump sum benefit in the event of death, critical illness or total and permanent disablement. This cover is administered by Police Welfare Fund Insurances Limited and underwritten by AIA New Zealand, part of the AIA Group, one of the world’s leading insurance companies.
A summary of cover is set out below. This is subject to change and you should refer to the policy wording for details of the cover provided. Any word or expression defined under the policy will have the same meaning wherever it appears here.
Critical illness benefit
A critical illness benefit is payable to the insured person who, due to their critical illness, leaves the Police under section 74 or 76 of the Policing Act 2008, providing that:
- before the age of 60, medical attention and/or advice on any symptom of the critical illness was sought from a medical practitioner,
- the symptoms of the critical illness first manifested themselves after the date of joining police,
- the critical illness is one of the defined conditions set out below:
accidental HIV infection
benign tumour of the brain or spinal cord
chronic liver failure
chronic lung disease
coronary artery bypass surgery
heart attack (myocardial infarction)
heart valve surgery
intensive care treatment
loss of independence
loss of use of limbs / sight of one eye
major head trauma
major organ transplant
meningitis / meningococcal disease
motor neurone disease
open heart surgery
out of hospital cardiac arrest
permanent loss of hearing
permanent loss of speech
pulmonary arterial hypertension (primary)
significant cognitive impairment
stroke (resulting in functional loss)
surgery to the aorta
Total and Permanent Disablement Benefit
This benefit is paid if the insured person leaves the Police under section 74 or 76 of the Policing Act 2008, due to being totally and permanently disabled (as defined in the policy).
24-Hour Worldwide Cover
Available for all insured persons who normally reside in New Zealand, and for those temporarily residing overseas (subject to continued premium payment) for up to 5 years.
The life benefit payable to an insured PWF member is:
Up to 55 years
• 10% of your annual salary multiplied by the number of complete years remaining until 65 years of age if this is greater than the $250,000 minimum benefit.
Between the ages of 56 and 80 years
• 10% of your Annual Salary if this is greater than the minimum benefit.
Extra Benefits for Members of the Police Welfare Fund
PWF members are eligible for additional partner cover and psychological conditions benefits reduced to 70% of the benefits payable to PWF members. If you are not a PWF member these extras are not available to you.
PWF members can nominate a partner for partner cover. The benefit payable upon the death of a partner is 60% of the insured person’s life benefit at the time of death of the partner.
Psychological Conditions Benefit
PWF members are eligible for reasonable costs up to $1200 for rehabilitation if they leave the Police because of a psychological condition. This recognises the need to support members who suffer from these conditions. NZ Police and PWF meet these costs jointly. Full details are available from Police Welfare Fund Insurances Limited.
Term of Cover
Unless previously terminated, cover ceases for all insured persons on their 80th birthday, or the date on which a benefit is paid, or on their last day of duty in the New Zealand Police.