Asteron Life Complete Review NZ
There is no Asteron Life product in New Zealand literally named Complete. Asteron Life Complete is a separate product sold in Australia by an unrelated Australian Asteron Life entity. Resolution Life Australasia completed its NZ$410 million acquisition of Asteron Life New Zealand from Suncorp on 3 January 2025, and what New Zealand buyers now combine under the Asteron Life name is a personal insurance suite of Life Cover, Total and Permanent Disablement Cover, Trauma Recovery Cover and Income Protection Cover, plus the Connected Care wellbeing service at no extra cost.
Key facts
- Whether "Complete" is a current NZ product name
- No. Asteron Life Complete is an Australian Asteron Life product, unrelated to Asteron Life New Zealand; the NZ insurer sells Life Cover, TPD Cover, Trauma Recovery Cover and Income Protection Cover as separate named covers (source, retrieved 8 September 2026)
- Ownership
- Resolution Life Australasia completed its NZ$410 million acquisition of Asteron Life New Zealand from Suncorp on 3 January 2025 (source, retrieved 8 September 2026)
- Financial strength rating
- A+ (Superior) (source, retrieved 8 September 2026)
- Claims paid, 1 July 2024 to 30 June 2025
- 97.7% of claims accepted, $117.9 million paid to customers (source, retrieved 8 September 2026)
- Award
- Life Insurance Company of the Year, 2024 New Zealand Insurance Industry Awards (source, retrieved 8 September 2026)
- Life Cover funeral advancement
- $15,000 or $25,000 advanced from the sum insured on an accepted claim, for immediate expenses such as a funeral (source, retrieved 8 September 2026)
- Life Cover terminal condition advancement
- The lesser of $250,000 or 30% of the sum insured, for a listed condition or a life expectancy of 24 months or less (source, retrieved 8 September 2026)
- Life Cover financial planning and grief support
- Up to $2,500 for professional financial or legal advice, and up to $2,500 for grief counselling (source, retrieved 8 September 2026)
- Trauma Recovery Cover conditions
- 48 medical events, conditions and surgical procedures, including many cancers, heart attack and stroke (source, retrieved 8 September 2026)
- TPD Cover types
- Three types offered, including Own Occupation TPD, Asteron Life's premier TPD option that pays if you cannot return to your most recent occupation (source, retrieved 8 September 2026)
- Income Protection waiting period options
- 2, 4, 8, 13 or 26 weeks (source, retrieved 8 September 2026)
- Income Protection payment period
- Can pay until you return to work or up to age 70, depending on the option chosen (source, retrieved 8 September 2026)
- Connected Care wellbeing service
- Medical, mental health and wellbeing advice at no extra cost to your Asteron Life cover, extended to your partner, children and parents (source, retrieved 8 September 2026)
What it costs
| Age | $250,000 | $500,000 | $1,000,000 |
|---|---|---|---|
| 25 | $26.91 | $42.44 | $66.50 |
| 30 | $24.50 | $38.94 | $59.50 |
| 35 | $23.84 | $37.63 | $55.13 |
| 40 | $28.22 | $45.94 | $72.63 |
| 45 | $39.81 | $66.06 | $105.88 |
| 50 | $64.97 | $108.50 | $180.25 |
| 55 | $111.34 | $186.38 | $323.75 |
| 60 | $205.19 | $346.50 | $611.63 |
| 65 | $402.06 | $684.69 | $1,209.25 |
Asteron Life's New Zealand personal insurance suite is four separate covers rather than one product called Complete, and the table below sets out what each pays (Asteron Life product brochures, retrieved 8 September 2026).
| Cover | What it pays | Key published figure |
|---|---|---|
| Life Cover | Lump sum on death or terminal illness | Funeral advancement of $15,000 or $25,000; terminal condition advancement of the lesser of $250,000 or 30% (source, retrieved 8 September 2026) |
| TPD Cover | Lump sum if totally and permanently disabled | Three types offered, including Own Occupation TPD (source, retrieved 8 September 2026) |
| Trauma Recovery Cover | Lump sum on a defined medical event | 48 conditions covered (source, retrieved 8 September 2026) |
| Income Protection Cover | Monthly benefit if you cannot work | Waiting periods of 2, 4, 8, 13 or 26 weeks; can pay to age 70 (source, retrieved 8 September 2026) |
Life Cover carries several built-in dollar benefits beyond the death benefit itself, and the table below lists the published figures (Asteron Life Cover brochure, retrieved 8 September 2026).
| Built-in benefit | Amount |
|---|---|
| Financial planning and legal advice benefit | Up to $2,500 (source, retrieved 8 September 2026) |
| Grief support benefit | Up to $2,500 (source, retrieved 8 September 2026) |
| Funeral advancement benefit | $15,000 or $25,000 (source, retrieved 8 September 2026) |
| Funeral conversion benefit | Up to $30,000 converted to a level premium Funeral benefit, available after 10 years of cover from age 65 (source, retrieved 8 September 2026) |
| Repatriation benefit | $15,000 or $25,000 reimbursement of direct costs (source, retrieved 8 September 2026) |
| Terminal specific condition advancement | Lesser of $250,000 or 30% of the sum insured (source, retrieved 8 September 2026) |
Entry ages
| Cover | Entry ages |
|---|---|
| Life Cover, TPD Cover, Trauma Recovery Cover, Income Protection Cover | Entry and expiry ages sit in each cover's individual brochure and policy schedule; Asteron Life NZ has not published one consolidated entry-age table across the suite on its public site. (source, retrieved 8 September 2026) |
Waiting periods
| Cover | Waiting period |
|---|---|
| Income Protection Cover | 2, 4, 8, 13 or 26 weeks (source, retrieved 8 September 2026) |
Exclusions
- A full exclusion list for each cover is not published on Asteron Life's public brochure pages; it sits in the individual policy wording, available from an adviser or Asteron Life directly. (source, retrieved 8 September 2026)
Questions about Asteron Life personal insurance suite
What is Asteron Life insurance?
Asteron Life is a New Zealand life insurer, owned by Fidelity Life since 2023, that sells Life Cover, Total and Permanent Disablement Cover, Trauma Recovery Cover and Income Protection Cover as separate covers you combine, rather than one packaged product (Asteron Life NZ, retrieved 8 September 2026).
Is there an Asteron Life Complete product in New Zealand?
No. Asteron Life Complete is a separate product sold in Australia by an unrelated Australian entity. Asteron Life Limited in New Zealand does not currently publish a product literally named Complete; its personal insurance suite is Life, TPD, Trauma Recovery and Income Protection cover sold as individual covers.
What is Asteron Life's financial strength rating?
Asteron Life Limited holds an A+ (Superior) financial strength rating, as stated on its own website (Asteron Life NZ, retrieved 8 September 2026).
How many conditions does Asteron Life Trauma Recovery Cover include?
48 medical events, conditions and surgical procedures, including many types of cancer, heart attack and stroke (Asteron Life Trauma Insurance page, retrieved 8 September 2026).
What TPD options does Asteron Life offer?
Three types of TPD cover, including Own Occupation TPD, which Asteron Life describes as its premier option, paying out if your disability stops you returning to your most recent occupation (Asteron Life TPD brochure, retrieved 8 September 2026).
What waiting periods can I choose for Asteron Life Income Protection?
2, 4, 8, 13 or 26 weeks, chosen at application; the payment period can run until you return to work or up to age 70 depending on the option selected (Asteron Life Income Protection page, retrieved 8 September 2026).
What is Asteron Life Connected Care?
A free wellbeing service giving Asteron Life customers, and their partner, children and parents, access to medical, mental health and wellbeing advice at no extra cost to their cover (Asteron Life Connected Care page, retrieved 8 September 2026).
How much does Asteron Life pay in claims?
97.7% of claims were accepted and $117.9 million paid to customers between 1 July 2024 and 30 June 2025 (Asteron Life NZ, retrieved 8 September 2026).
Does Asteron Life Cover include a funeral benefit?
Yes. The funeral advancement benefit pays $15,000 or $25,000 in advance from the sum insured once a claim is accepted, and separately, a funeral conversion benefit lets you convert up to $30,000 of Life Cover into a level premium Funeral benefit after 10 years of cover from age 65 (Asteron Life Cover brochure, retrieved 8 September 2026).
Who owns Asteron Life in New Zealand?
Resolution Life Australasia. It completed a NZ$410 million acquisition of Asteron Life New Zealand from Suncorp on 3 January 2025. Asteron Life New Zealand is a separate legal entity from Asteron Life in Australia, which is a different company entirely (Resolution Life, acquisition completion release, retrieved 8 September 2026).
Adviser's view
QuoteHub's read is that the naming confusion here matters more than most: nobody in New Zealand can buy a product literally called Asteron Life Complete, and a search that lands on the Australian version wastes a buyer's time. What Asteron Life NZ actually sells is a standard separate-covers suite now backed by Resolution Life Australasia's ownership.
Documents
- Asteron Life NZ homepage (financial strength, claims statistics), retrieved 8 September 2026
- Asteron Life Cover brochure, retrieved 8 September 2026
- Asteron Life TPD Cover brochure, retrieved 8 September 2026
- Asteron Life Trauma Recovery Cover brochure, retrieved 8 September 2026
- Asteron Life Income Protection Insurance page, retrieved 8 September 2026
- Resolution Life completes acquisition of Asteron Life New Zealand, retrieved 8 September 2026
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Financial advice is provided by Craig Smith Business Services Limited, trading as Smiths Insurance & KiwiSaver, a licensed Financial Advice Provider (FSP712931). QuoteHub is a trading name.
Cite this page QuoteHub NZ (2026). Asteron Life Complete Review NZ: Benefits and Limits 2026. www.quotehub.co.nz/life-insurance/asteron-life/complete. Updated 2026-09-08.
Explore related pages: Life Insurance, Income Protection, Health Insurance, Trauma Insurance, Ongoing Protection.