Income Protection

  • Anyone working 30 hours per week or more (employee or self-employed)
  • Anyone with financially dependent family members
  • Anyone with loans or other regular financial commitments
  • New Zealanders aged 18-63 years can apply and cover extends to age 65 
  • Provides monthly payments if an illness or injury keeps you off work
  • The payment can be used for any purpose
  • Paid in addition to any ACC entitlement 
  • You can claim multiple times under the policy up to the maximum benefit amount
  • Redundancy Cover optional


Option 1 - Disability

  • Covers permanent and temporary disablement
  • $8,000 maximum monthly cover amount 
  • Wait period of 30 days
  • Claim period of 2 years


Option 2 - Disability and Redundancy

  • Covers permanent and temporary disablement
  • $8,000 maximum monthly cover amount 
  • Disability wait period of 30 days
  • Disability claim period of 2 years
  • Redundancy wait period - 30 days
  • Redundancy claim period - 6  months

A few minutes on the phone can make all the difference.  One of our friendly advisers can help work through the best options for you.

As a minimum, we recommend you work out how much money you would need to meet your rent or mortgage payments and your everyday bills. 

Apart from understanding your financial goals,  we'll need to know your age, your smoking status and your basic health status, and whether you have any pre-existing medical conditions.  We also need to know your occupation.

These sorts of questions are standard for any disability insurance application.  We'll help you through them and advise if there's any additional information we'll need to complete your application.

It's important to tell us everything relevant to your application so that the contract between us is based on accurate information.  That way, you and your family can have confidence your policy will deliver when it's needed most.

We pride ourselves on simple, straightforward products, affordable premiums and personal advice.  Here are some other reasons why you should go with us for your Income Protection Insurance:

  • You won't pay agent or broker commissions  because you're buying directly from the underwriter
  • We don't add fees or interest charges if you choose to pay monthly
  • You can increase, decrease or even cancel your cover at any time
  • There's a 30-day 'Free Look' period

And we'll be there when you need us.‚Äč

Income Protection Insurance is arranged and underwritten by Southsure Assurance Limited.

This webpage is only a summary of the features and benefits of our Income Protection Insurance and is intended to be of a general nature.  It does not constitute personalised financial advice under the Financial Advisers Act 2008.  To the extent that any content constitutes financial advice, it is class advice only and does not take into account any individual's particular financial situation or goals.  We recommend you seek personalised financial advice.  

All Income Protection Insurance benefits are subject to the policy terms and conditions, including exclusions that apply, which are set out in the policy document. 

Neither SBS Bank nor any member of the SBS Bank Group guarantees the obligations of (or any products issued by) Southsure.  

'Free Look'

There's a 30-day Free Look period so if you're not happy with your policy for any reason, you can cancel and we'll refund any premium you've paid.