AIA Sovereign target medical advancements with new requirements
MBIE releases options paper on Conduct of Financial Institutions

Update on Asteron’s Kids Cover increase

It was announced in February that Asteron would increase their free Kids Cover Benefit from $10,000 to $50,000. As a result of technical issues, emails and letters of notification were not sent out at the expected release dates. Kids Cover Benefit increase means:

  • the additional $40,000 is per child
  • that the $40,000 increase will happen automatically for customers who previously had $10,000 free Kids Cover - so they will now have a total of $50,000 free cover
  • customers who purchased extra cover (at the rate of $1 per month per $10,000) will have the additional $40,000 automatically added on top of the sum insured, even if this puts them over the maximum $200,000 per child
  • up to nine children or grandchildren can be added to a policy, but each child does need an individual application

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.