What would you do if you were diagnosed with cancer?
Recovery insurance provides you with a cash lump sum if you suffer one of over 45 serious medical conditions. This gives you financial choice to take care of the things that are really important to you and that can help you recover. Unlike health insurance, you can use the money for anything you like, medical costs, travel expenses, childcare, in-home care, lost income, or a change in lifestyle. It’s your choice.
Why choose MAS Recovery Insurance?
We pay 98% of all life 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.
Benefits of MAS Recovery Insurance
- Automatic benefits
Automatic benefits
We can pay a portion of your sum insured if you suffer an early diagnosis of certain medical conditions.
You can increase your recovery cover following major life events such as marriage, having a child or getting a mortgage, irrespective of your state of health.
If the insured person suffers a serious medical condition, is diagnosed as terminally ill, or dies, we will pay up to $3,000 towards grief counselling.
If a child of an insured person passes away, we will pay a benefit of $15k for children aged between 10 and 21 and $2,000 for children under age 10.
Children of the insured person aged three months to 21 years are now covered for up to $100,000. This cover is provided at no additional cost.
A child of the insured person can take a new recovery insurance cover at age 21 without underwriting, to a maximum of $100,000.
Benefits of MAS Recovery Insurance
Automatic benefits
We can pay a portion of your sum insured if you suffer an early diagnosis of certain medical conditions.
You can increase your recovery cover following major life events such as marriage, having a child or getting a mortgage, irrespective of your state of health.
If the insured person suffers a serious medical condition, is diagnosed as terminally ill, or dies, we will pay up to $3,000 towards grief counselling.
If a child of an insured person passes away, we will pay a benefit of $15k for children aged between 10 and 21 and $2,000 for children under age 10.
Children of the insured person aged three months to 21 years are now covered for up to $100,000. This cover is provided at no additional cost.
A child of the insured person can take a new recovery insurance cover at age 21 without underwriting, to a maximum of $100,000.
Types of Cover
Standalone Cover
You can choose to have Recovery Insurance cover as a separate benefit, independent of your Life Insurance cover.
Accelerated Cover
You can choose to link your Recovery Insurance to your Life Insurance. This offers a more affordable option, because it will reduce your Life Insurance sum - there is a buy-back option.
*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.