Protect your income
MAS Income Security pays you a weekly benefit of up to 75% of your pre-disability income if you are unable to work due to sickness or injury. This support will continue until you are able to return to work, or until the end of your selected benefit payment period, whichever happens first. We know your work is important to you and you'll want to get back to it as soon as you can. We'll continue to support you financially during a gradual return to work.
Why choose MAS Income Security Insurance?
We pay 98% of all income claims*
Peace of mind that we’re there for you and your family when it matters most.
100% owned by our Members
We're a New Zealand owned mutual that's here for our Members, not overseas shareholders.
Advice when you need it
Our nationwide network of advisers are here to help protect what's important to you.
Features of MAS Income Security Insurance
- Automatic benefits
Automatic benefits
If you suffer a relapse of the same condition within six months of returning to work and go back on claim, we'll waive your waiting period.
We will pay up to 75% of their pre-disability earnings if the insured person takes unpaid leave to support the care of their child.
You can automatically extend your cover to age 70.
To help you return to work, we may provide assistance with rehabilitation and retraining costs.
We can pay a claim while you are anywhere in the world, provided you continue to meet our claim requirements.
If you die while receiving a weekly benefit from your Income Security plan, we will pay a $15,000 lump sum towards your funeral costs.
Features of MAS Income Security Insurance
Automatic benefits
If you suffer a relapse of the same condition within six months of returning to work and go back on claim, we'll waive your waiting period.
We will pay up to 75% of their pre-disability earnings if the insured person takes unpaid leave to support the care of their child.
You can automatically extend your cover to age 70.
To help you return to work, we may provide assistance with rehabilitation and retraining costs.
We can pay a claim while you are anywhere in the world, provided you continue to meet our claim requirements.
If you die while receiving a weekly benefit from your Income Security plan, we will pay a $15,000 lump sum towards your funeral costs.
*In the 12 months to 31 March 2024 we paid 98% of all life and income claims received which includes claims that were approved, declined or withdrawn.
This webpage is intended as an information guide only and does not form part of the policy document or any contract with MAS. This webpage does not take into account your own personal financial situation or goals. If you would like more detailed financial advice we can get one of our advisors to contact you. Normal underwriting criteria apply for all insurance products. Special conditions and/or excesses may apply to the situations that meets your specific needs.