Asteron Life New Zealand has made changes to expiry ages for Trauma Recovery Cover.

The Suncorp-owned business says the expiry age for standalone and accelerated benefits has been raised from 70 to 85 while some other benefits including its Continuous Trauma and Trauma Reinstatement benefit will lift to age 75.

“We have heard from advisers that they value being able to give their customers choices when it comes to building a package of insurance cover to suit them,” Product Manager Robyn Bartlett said.

“Increasing the expiry ages of our Trauma recovery packages gives advisers and customers increased flexibility to put together insurance that will give them peace of mind in their unique circumstances.”

Asteron says the maximum entry age for its Life Trauma cover will be extended to age 70.

The changes commenced last week and existing Trauma policyholders’ expiry ages will be automatically extended.

Asteron says it has also made changes to the definitions for some conditions, including for cerebral aneurysm as a result of customer feedback.

Here are other product enhancements from Asteron:

• Adding premium holiday benefit and premium and cover suspension to business insurance policies
• Adding a new lump sum specific injury benefit
• Making changes to its Major Trauma ratios
• Changing the definitions for seven conditions in its Trauma policies for new and existing customers back to 2004
• Updating policy wordings for various benefits including grief support and financial planning.