Buy-back + reinstatement after a claim
Will your life cover survive a trauma claim? Can you re-add trauma later?
Trauma claims often eat into the underlying life sum-insured (accelerated-trauma structure). Buy-back lets you reinstate life cover after a trauma claim without fresh underwriting. Trauma reinstatement (after a partial-payment claim) lets you re-add cover for new conditions. Both rules vary massively.
Top policies for this scenario
Ranked by aggregate semantic match across 5 scenario-specific queries. Score reflects clause-level fit, not premium. We don't know what you'd pay — get a quote for the shortlist.
- score 2.47
#1 · Fidelity Life
LifeProtect Trauma Cover
Show matched clauses (5)
Query: "buy back life cover after trauma claim" · similarity 72% · weight 1
YOUR COVER IN DETAIL > 3. Optional Trauma Reinstatement Benefit > 3.1 Trauma Reinstatement Benefit.
If this option is included in this cover, the policy schedule will state it. 12 months from the payment of the full sum insured under Trauma Cover, other than for loss of independent existence, you may buy back the Trauma Cover without providing additional health information. This option is subject to the following conditions: a. You may exercise this Trauma Reinstatement Benefit once only with…
Source PDF →Query: "trauma reinstatement after partial payment claim" · similarity 63% · weight 1
YOUR COVER IN DETAIL > 3. Optional Trauma Reinstatement Benefit > 3.1 Trauma Reinstatement Benefit.
If this option is included in this cover, the policy schedule will state it. 12 months from the payment of the full sum insured under Trauma Cover, other than for loss of independent existence, you may buy back the Trauma Cover without providing additional health information. This option is subject to the following conditions: a. You may exercise this Trauma Reinstatement Benefit once only with…
Source PDF →Query: "accelerated trauma reduces life sum insured" · similarity 63% · weight 0.8
YOUR COVER IN DETAIL > 2. Built-in benefits > 2.2 How much do we pay?
When the insured person suffers a trauma condition for the first time after the start date and after the stand-down period (as defined in section 2.4 where applicable), we will pay you either: * the sum insured (as at the date the trauma condition was suffered), or * the amount specified for a partial benefit payment (as at the date the trauma condition was suffered). Where the event giving rise…
Source PDF →Query: "stand alone trauma versus accelerated" · similarity 50% · weight 0.7
YOUR COVER IN DETAIL > 2. Built-in benefits > 2.1 Trauma conditions.
Trauma condition means any one of the conditions listed in the below sections and meeting the respective definition in section 8.
Source PDF →Query: "new conditions excluded after reinstatement" · similarity 45% · weight 0.6
YOUR COVER IN DETAIL > 2. Built-in benefits > 2.4 Stand-down period.
If a trauma condition stated below occurred or was diagnosed, or the signs or symptoms leading to diagnosis became apparent to the insured person, or would have become apparent to a reasonable person in their position, within 90 days of: * the date we receive the complete application and valid payment instruction, or the date of reinstatement, then no benefit will ever be payable for that trauma …
Source PDF → - score 1.70
#2 · Chubb Life NZ
LifeOne Critical Illness Benefit
Show matched clauses (4)
Query: "buy back life cover after trauma claim" · similarity 54% · weight 1
Understanding the benefits that your policy includes > When we will not pay the Life, Advanced Funeral or Terminal Illness Benefit > If the life insured's death or terminal illness is caused or contributed to, directly or indirectly, by suicide, attempted suicide or intentional self-injury
Within 13 months of the *cover start date* or from the date the policy was reinstated after being cancelled. This applies whether the *life insured* is sane or insane. If the *Life Cover Amount* is increased within 13 months before the *life insured's* death by suicide, attempted suicide or intentional self-injury, we'll only pay the *Life Cover Amount* that applied immediately before the increas…
Source PDF →Query: "trauma reinstatement after partial payment claim" · similarity 48% · weight 1
Changing or adding to your policy > Ending your policy > You can apply to reinstate your policy if it has been cancelled
You can apply to reinstate your policy if it has been cancelled because of unpaid premiums. To support your application, you may need to provide information about the *life insured's* health and lifestyle. The terms for the reinstated policy may be different. You'll receive a new *policy summary* when your policy is reinstated. ---
Source PDF →Query: "accelerated trauma reduces life sum insured" · similarity 50% · weight 0.8
Understanding the benefits that your policy includes > Special Events Increase Benefit > When we won't pay the increased amount
If the *Life Cover Amount* is increased under this benefit, and the *life insured* dies or is diagnosed with a *terminal illness* within 6 months of the *cover start date* of the increase, we'll only pay the increased amount if the *life insured's* death or *terminal illness* is due to an *accidental injury*.
Source PDF →Query: "new conditions excluded after reinstatement" · similarity 47% · weight 0.6
Changing or adding to your policy > Ending your policy > You can apply to reinstate your policy if it has been cancelled
You can apply to reinstate your policy if it has been cancelled because of unpaid premiums. To support your application, you may need to provide information about the *life insured's* health and lifestyle. The terms for the reinstated policy may be different. You'll receive a new *policy summary* when your policy is reinstated. ---
Source PDF →
What to watch out for
- no buy back: No buy-back option — a trauma claim wipes out your life cover with no path to reinstate it.
- reinstatement excludes claimed condition: Reinstated cover excludes the claimed condition AND related body system — narrower than the original.
Ready to shortlist a policy for buy-back + reinstatement after a claim?
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How this ranking works
This scenario translates to 5 semantic queries (weighted). Each query runs against every NZ trauma cover policy clause we've ingested (2,000+ clauses across NZ trauma insurers). The best clause-per-product per query contributes its similarity × weight to the product's aggregate score.
Try the underlying semantic clause search to run your own queries.
This is mechanical retrieval + ranking — not personalised financial advice. The actual policy you should buy depends on factors only an FSPR-registered adviser can assess (your medical history, budget, family composition, risk tolerance). Use this to shortlist, then talk to an adviser.