Protect What Matters. Prepare for the Unexpected.


Your Health. Your Income. Your Family. Your Future.


Life is full of uncertainties. An unexpected illness, injury or loss of income can affect far more than your health — it can impact your financial security and the people who depend on you.


Personal insurance helps you prepare for these uncertainties by providing financial support when certain unexpected events occur.


At BSI Brokers, we believe that good protection starts with understanding what matters most to you. Explore six key types of personal insurance available in New Zealand and discover how they may help protect your financial future.


SIX TYPES OF PERSONAL INSURANCE


Different risks require different forms of protection. Understanding how each type of insurance works can help you make more informed decisions about your financial security.


🏥 01 | HEALTH INSURANCE


Better Access to Private Healthcare.


Your health is one of your most valuable assets.


Health Insurance helps cover eligible private medical expenses, potentially giving you greater choice and flexibility when accessing specialist consultations, diagnostic tests, surgery and hospital treatment.


What may be covered?


Specialist consultations and diagnostic investigations.


Medical imaging, including CT scans and MRIs.


Eligible surgery and hospitalisation.


Specified cancer treatments.


Certain non-Pharmac medications, where included.


Selected overseas treatment benefits, where available.


Benefits vary by insurer and policy, and are subject to applicable exclusions, limits and conditions.


❤️ 02 | TRAUMA INSURANCE


Financial Support When Life Takes an Unexpected Turn.


A serious illness can change your life in an instant. Beyond medical treatment, it may affect your ability to work, maintain your income and meet everyday financial commitments.


Trauma Insurance generally provides a lump-sum payment when the insured person is diagnosed with a specified medical condition that meets the policy definition.


Commonly covered conditions may include:


  • Cancer.
  • Heart Attack.
  • Stroke.
  • Coronary Artery Bypass Surgery.
  • Other specified serious medical conditions.


The lump-sum benefit can generally be used at your discretion to help manage mortgage repayments, household expenses, recovery costs and other financial commitments.


👨‍👩‍👧 03 | LIFE INSURANCE


Protect Their Tomorrow, Today.


If you are no longer there to provide for your family, would they have the financial resources to maintain their lifestyle?


Life Insurance is designed to provide a lump-sum benefit to your nominated beneficiaries or estate in the event of your death, subject to policy conditions.


The benefit may help your loved ones with:


  • Repaying the family mortgage and outstanding debts.
  • Maintaining everyday household expenses.
  • Supporting children's education and future needs.
  • Covering funeral and related expenses.
  • Providing ongoing financial support for dependants.

Life Insurance is not just about protecting your life. It is about helping protect the financial future of those who matter most.


♿ 04 | TOTAL & PERMANENT DISABILITY (TPD) INSURANCE


Protect Your Financial Independence.


What happens if illness or injury permanently prevents you from returning to work?


TPD Insurance is designed to provide a lump-sum benefit if you suffer a qualifying permanent disability that meets the insurer's policy definition.


Depending on the policy, disability may be assessed under different definitions, including:


  • Own Occupation: Inability to perform the material duties of your own occupation.
  • Any Occupation: Inability to work in an occupation for which you may be reasonably suited.


Activities of Daily Living: Inability to independently perform specified essential daily activities.


The benefit may help fund ongoing living expenses, repay debts, support rehabilitation and meet additional care requirements.


💼 05 | INCOME PROTECTION & MORTGAGE PROTECTION


Keep Life Moving, Even When You Can't Work.


Your income supports your lifestyle, your family and your financial commitments.


If illness or injury prevents you from working, Income Protection or Mortgage Protection may provide regular financial benefits, subject to the terms of your policy.


Income Protection

  • Designed to replace part of your regular income when you are unable to work due to an eligible illness or injury.


Mortgage Protection

  • Designed to help meet eligible mortgage repayment commitments during periods of qualifying disability.


Important policy features include waiting periods, monthly benefit limits, benefit periods and disability definitions.


For homeowners, families, self-employed individuals and primary income earners, protecting your earning capacity can be an important part of financial planning.


🚑 06 | ACCIDENT-RELATED INSURANCE


Extra Protection for Life's Unexpected Events.


Accidents can happen anywhere, at any time.


Accident-related insurance may provide specified financial benefits following qualifying accidental injuries or accidental death, depending on the product selected.


In New Zealand, ACC provides a separate no-fault accident compensation scheme for eligible personal injuries. Private accident insurance may provide additional benefits, but does not replace ACC or comprehensive personal insurance.


Understanding how private accident cover works alongside ACC and your existing insurance is an important part of assessing your overall protection needs.


YOUR LIFE CHANGES. YOUR PROTECTION SHOULD TOO.


From purchasing your first home to raising a family, growing a business and planning for retirement, every stage of life brings different financial responsibilities.


Your insurance needs should reflect those changes.


The right protection is not necessarily the most cover. It is the cover that is appropriate for your circumstances.


🤝 A MORE PERSONAL APPROACH TO PROTECTION


At BSI Brokers, we take the time to understand your individual circumstances before exploring suitable insurance options.


01 | Understand Your Needs

  • Review your family responsibilities, income, liabilities and existing insurance arrangements.


02 | Explore Your Options

  • Understand and compare available products, benefits and policy features from different insurance providers.


03 | Build Your Protection Strategy

  • Consider appropriate levels of cover based on your priorities, financial commitments and budget.


04 | Review as Life Evolves

  • Revisit your protection needs as your family, career and financial circumstances change.


LET'S PROTECT WHAT MATTERS.


You cannot control every unexpected event, but you can take steps to prepare for its financial consequences.


Whether you are reviewing existing cover or considering personal insurance for the first time, our team is here to help you understand your options.


Start a conversation with BSI Brokers today.


Your Trusted Financial Protection Partner.


ℹ️ IMPORTANT INFORMATION & DISCLAIMER

This article is provided for general information and educational purposes only. It does not constitute personalised financial advice, a recommendation to purchase any particular insurance product, or an offer of insurance.

The insurance benefits and features described are general examples only. Actual cover, eligibility criteria, definitions, exclusions, waiting periods, excesses, benefit limits and premiums vary between insurers and policies.

All claims are subject to the relevant policy wording, terms and conditions, underwriting requirements and the insurer's assessment and acceptance of the claim. Not all conditions, treatments, injuries or circumstances will qualify for a benefit.

ACC operates separately under New Zealand legislation and has its own eligibility requirements and entitlements.

Before making an insurance decision, you should carefully review the relevant policy documentation and consider seeking personalised financial advice from a qualified financial adviser.