Sorry, you need to enable JavaScript to visit this website.

Glossary

Submitted by admin on

Life Insurance Glossary

A guide to some life insurance terms that you may hear us talk about.

Jump to...




Disclaimer

This information is of a general nature and is not personalised to your situation. If you would like advice which takes into account your particular financial situation or goals, please contact your financial adviser.

Confirmation

Submitted by gyanendra.pani… on

Thanks

Thanks for your message.

We'll look at it and get back to you as quickly as we can. If you need to speak with someone sooner, please call your adviser or phone us on 0800 737 101 during office hours (Monday to Friday, 8am-6pm).

Daily Unit Pricing

Submitted by gyanendra.pani… on

Daily Unit Pricing

Fund Name Date Buy Price Sell Price
Money (ex GAL fund)* 04/02/2025 4.7027 4.7027
Capital (Life Yield)* 04/02/2025 7.9201 7.5429
Global (Life Yield)* 04/02/2025 22.1333 21.0792
Trans Tasman (Lifeplan) 04/02/2025 9.1508 8.8842
European (Lifeplan) 04/02/2025 4.5941 4.4602
North American (Lifeplan) 04/02/2025 9.8455 9.5586
Global Bond (Lifeplan) 04/02/2025 2.8673 2.7837
Global (Lifeplan) 04/02/2025 6.7701 6.5728
NZ Bond (Lifeplan) 04/02/2025 3.6504 3.5440
Capital (Lifeplan) 04/02/2025 2.9903 2.9032
Dynamic (Lifeplan) 04/02/2025 4.9980 4.8523
Balanced (Lifeplan) 04/02/2025 4.7969 4.6571
Conservative (Lifeplan) 04/02/2025 3.6992 3.5913
Wise Managed Fund 04/02/2025 3.5064 3.4855
European Equity (ex GAL fund) 04/02/2025 5.2993 5.2993
North American Equity (ex GAL fund) 04/02/2025 10.9291 10.9291
International Equity (ex GAL fund) 04/02/2025 9.5962 9.5962
Fixed Interest (ex GAL fund) 04/02/2025 6.6702 6.6595
Equity Fund (ex GAL fund) 04/02/2025 22.6994 22.2945
Aggressive (ex GAL fund) 04/02/2025 6.6190 6.5400
Managed (ex GAL fund) 04/02/2025 14.9012 14.8120
Conservative (ex GAL fund) 04/02/2025 5.4061 5.3792
NZ Managed (Ex Oceanic)* 04/02/2025 5.9433 5.9432
Capital Secured (Ex Oceanic)* 04/02/2025 3.2679 3.2678
Capital Protected (Ex Oceanic)* 04/02/2025 4.6062 4.6061

Please Note:

We make every attempt to update unit prices as they change however it is possible that unforeseen circumstances may prevent us from showing the latest unit prices on the website.

Whilst every reasonable effort has been made to ensure that the information is correct in every respect Asteron Life Limited will not be liable for any error or misprint or delay.

If you are taking a part surrender or full surrender from your investment the unit price may vary from those shown above. The actual price that will be used for any transaction will be determined on the day the transaction is processed.

Date of Illustration: Thursday, 06/02/2025

Complaints Process

Submitted by admin on

Complaints

If you’ve had a poor experience with Asteron Life, let us know what’s happened. We value your feedback and we will work to improve your experience with Asteron Life.

Make a complaint

Customer Service is at the heart of our business. We are committed to treating any dissatisfaction seriously and to putting things right as fairly and as quickly as possible. You can be assured that you will be listened to and be treated with respect at all times. Your feedback challenges us to continually improve our service.

Make a complaint online


Write to us

Asteron Life Customer Care
PO Box 894, Wellington 6140


Our Complaints Management Process

1. Let us know about your complaint

Our team will do everything they can to resolve it. You can tell them about your complaint while you are on the phone, or you can email complaints@asteronlife.co.nz.

2. If you're unhappy with our response

Please let us know, we’ll ensure a manager is involved in the review of your case. If more time is needed, we'll talk to you about this and keep you informed along the way.

3. Internal complaints resolution team

If you remain unhappy with the outcome, your complaint will be referred to our internal complaints resolution team. We will keep you informed and let you know the outcome of an independent review.

4. The Insurance and Financial Services Ombudsman (IFSO)

The Insurance & Financial Services Ombudsman (IFSO) is an independent complaints resolution scheme that can review insurance disputes. We will do everything we can to resolve your complaint internally but, in some circumstances, this may not be possible. If you’re not happy with the outcome of Asteron Life’s independent review (and if it is within the jurisdiction of the IFSO) then Asteron Life will issue a letter of deadlock. You will have three months to refer your complaint to the Insurance & Financial Services Ombudsman, should you wish. We will abide by any decision made by the Insurance & Financial Services Ombudsman and there's no charge for you to use this service. Of course, you can also choose to seek a resolution elsewhere. You can contact the Insurance & Financial Services Ombudsman below:

Call 0800 888 202
Visit www.ifso.nz/complaints
Mail to: Insurance & Financial Services Ombudsman, PO Box 10 845, Wellington 6143


Our responsibilities and timeframes

We promise to:

  • acknowledge receipt of your complaint within five business days.
  • give you the name and contact details of the person handling your complaint.
  • have someone experienced, who has not been handling your case, fully investigate your complaint if you request it.
  • respond to your complaint within 10 business days once we have all the information we need.
  • if we need more time or additional information, we’ll keep you updated at least once every 20 business days, or another timeframe we agree with you, until your complaint is resolved.
  • if we can’t resolve your complaint within two months from the date it was first made, we’ll offer you a letter of deadlock, or you'll have the option to keep working with us.

Confirmation

Submitted by admin on

Thanks

Thanks for your message.

We'll look at it and get back to you as quickly as we can. If you need to speak with someone sooner, please call your adviser or phone us on 0800 737 101 during office hours (Monday to Friday, 8am-6pm).

Confirmation

Submitted by gyanendra.pani… on

Thanks

Thanks for your message.

We'll look at it and get back to you as quickly as we can. If you need to speak with someone sooner, please call your adviser or phone us on 0800 737 101 during office hours (Monday to Friday, 8am-6pm).

Name change

Submitted by gyanendra.pani… on

Hey new you!

Thanks for letting us know. Let's get your details updated.

Your previous name
Title
Your new name
Title
Please can you confirm your current postal address
Please indicate the reason for your name change

Add my name change to the following Policy number/s * 
You may add up to 5 policy numbers. 
A new box will appear for you till add another.


Please attach a copy of the relevant document that confirms your change of name 
Birth certificate / Marriage certificate / Certificate of divorce / Name change by deed poll certificate

Also include:
A screenshot of your old signature and new signature

One file only.
2 MB limit.
Allowed types: jpg, jpeg, png, pdf.


Image CAPTCHA

Enter the characters shown in the image.

This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Other ways to contact us

Email:
contactus@asteronlife.co.nz

Phone:
0800 737 101
or +64 4 495 8700
8:30am - 5pm Monday – Friday

Post:
Asteron Life
PO Box 894
Wellington
New Zealand 6140

 

Like to make a claim?

If you need to make a claim, please use the link below. It will take you through to the claim process page.

Related questions

      If you don't have an adviser, we can help you find an adviser in your area and organise for them to contact you.

        Just ask us for your Certificate of Currency which includes the details of your current cover and premiums.

        Community Partners

        Submitted by admin on

        Community Partners

        New Zealanders have always been central to our business, and we are committed to creating a positive impact for communities across New Zealand.

        At Asteron Life, we're proud to be a research partner with the Gut Foundation, a leading charitable trust that has been dedicated to improving the gut health of New Zealanders for over 30 years. With some of the highest global rates of bowel cancer, gut health is a crucial issue in New Zealand. Through our partnership with the Gut Foundation, we’re committed to supporting vital research and education in this area.

        This partnership is about more than just funding—it’s about empowering Kiwis with the knowledge and resources they need to prevent and treat gut illnesses.

        Together with the Gut Foundation, we aim to build healthier futures for all New Zealanders.

        To find out more, please visit Home - The Gut Foundation.

        Subscribe to