Accidental death cover
Cover that pays out only if the insured dies as the result of an accident.
Definition
Accidental death cover is a narrower product than full life cover — it only pays if death is the result of an accident as defined in the wording. Cheaper than life cover but covers far fewer causes of death. Often used as a top-up on a main life policy or as standalone cover when full underwriting is not available.
Related condition matrix
See also
- Death benefit — The lump sum paid by a life policy when the insured dies (subject to wording and exclusions).
Not personalised financial advice. Definitions are editorial framings of how the term is used across NZ life cover. Your specific policy wording is the authoritative source.