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Protecting our Members for over 100 years
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Protecting our Members for over 100 years.
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.
Peace of mind that we’re there for you and your family when it matters most.
We're a New Zealand owned mutual that's here for our Members, not overseas shareholders.
Our nationwide network of advisers are here to help protect what's important to you.
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.
You can choose to have Recovery Insurance cover as a separate benefit, independent of your Life Insurance 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.
As a mutual our Members are a top priority.
“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
“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.”
“In my 40 years of experience with MAS, 100% of the time claims are paid out quickly and in a considerate way.”
“I love that MAS is member owned, there are great benefits to being a member other than just the insurance.”
- MAS Member
*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.
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