A family cooking dinner together - Income Insurance

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.

Policy Document Claims Process
Summary sheet Income security vs ACC

Why choose MAS Income Security Insurance?

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We pay 98% of all income claims*

Peace of mind that we’re there for you and your family when it matters most.

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100% owned by our Members

We're a New Zealand owned mutual that's here for our Members, not overseas shareholders.

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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

Recurrent Disability

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.

Parent leave benefit

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.

Cover extension benefit

You can automatically extend your cover to age 70.

Rehabilitation and Retraining

To help you return to work, we may provide assistance with rehabilitation and retraining costs.

Worldwide cover

We can pay a claim while you are anywhere in the world, provided you continue to meet our claim requirements.

Funeral Benefit

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.

What our Members say

As a mutual our Members are a top priority.

  • “Prices are very competitive with others and their policies are more comprehensive in their coverage - on top of that they put money back into the community.”

    MAS Member

  • “In my 40 years of experience with MAS, 100% of the time claims are paid out quickly and in a considerate way.”

    MAS Member

  • “I think MAS have a refreshing approach to insurance as a service as opposed to a privilege - the company is genuinely interested in assisting with claims.”

    MAS Member

  • “I love that MAS is member owned, there are great benefits to being a member other than just the insurance.”

    - MAS Member

Useful links

MAS Income Security Policy
MAS Income Security Summary Sheet
Make a Change to a Life & Income Policy
MAS Direct Debit Form
Why should you get income protection insurance vs ACC?
What happens if you need to make an income security claim?

*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.