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About KiwiCover®

KiwiCover was established to address the chronic levels of underinsurance of Kiwis.

According to the OECD, New Zealand has low rates of life, health and related insurance compared to other developed countries. The consequences of this for the financial security and wellbeing of New Zealanders and their families are serious, and it is of increasing concern to those in both the public and private sectors. It is a concern which has resulted in action: the development of KiwiCover.

KiwiCover enables New Zealanders to apply online for life, health, trauma, income protection, family protection and permanent disability insurance. It is a self-help, no advice, low-cost facility which comes with all of the following features:

  • Instant quotes.
  • Online calculators.
  • Easy-to-follow forms.
  • Extensive help and tools.
  • No paperwork to complete.
  • Electronic confirmations.
  • Major policy benefits.
  • Rock solid backing.

Underwritten by Sovereign

For Kiwis’ peace of mind and financial security, policies offered through KiwiCover are underwritten by Sovereign Assurance Company Limited, New Zealand’s largest life insurance company. Sovereign has a financial strength rating of A+ (Superior) from A.M. Best Company, the highest rating of any life insurance company in New Zealand. View the A.M. Best Company rating scale.

100% New Zealand owned

KiwiCover Insurance Limited is 100% New Zealand-owned, and is located in central Wellington.

What does ‘Poua he Parahau’ mean?

The concept of KiwiCover is summed up perfectly in the expression Poua he Parahau. Formulated for KiwiCover by the Māori Language Commission, Poua he Parahau means “to establish a protection or a defence”. And that’s exactly what our cover does. It provides financial protection by establishing a defence against the unexpected.