Insurance
We
have negotiated an excellent Life and Total and Permanent
Disablement insurance cover exclusively for IRP members
through the National Mutual Life Association of Australasia
Limited (a member of the Global AXA Group).
With
this cover, you receive an additional payment if you die or
are totally and permanently disabled.
-
You
choose how much cover you'll need in blocks of $10,000
-
You
can adjust your amount of cover each year
-
You
need to provide a statement of your health and medical
history
-
Your
premiums are deducted from your Member Account
-
You
are not automatically covered - the Insurer will decide
whether to accept your cover and the terms.
Monthly Premium for 1 Unit of Cover ($10,000) Effective 1 July 2007
|
Age
Next
Birthday |
Death
Only Insurance |
Life
or Disablement Life
or Disablement Insurance |
16 - 20
21 - 25
26 - 30
31 - 35
36 - 40
41 - 45
46 - 50
51 - 55
56 - 60
61 - 65
66
67
68
69
70 |
0.70
0.69
0.59
0.52
0.63
0.93
1.62
3.03
4.77
7.93
10.49
12.16
14.04
16.15
18.55 |
|
0.77
0.72
0.63
0.61
0.89
1.47
2.56
4.90
8.75
17.38
25.57
29.29
33.53
38.33
43.82 |
|
Note:
As your age increases your premium rate could also change.
The above standard premiums and insurance cover are available
up to age 65. The Plan's insurer will consider applications
for cover or the extension of existing cover beyond age 65.
To apply,
complete the Insurance
Request form, which includes a personal statement of
your current health and recent medical history.
Send
them to Jacques Martin New Zealand Limited, P O Box 606, Wellington.
You will be notified if you're accepted within 10 working
days via mail.
| 
