Changes to Credit Card Repayment Insurance

Customers are no longer able to apply for Credit Card Repayment Insurance when opening a new Kiwibank Credit Card account.

If you’re an existing Credit Card Repayment Insurance policy owner, your cover will remain in place. However, if you decide to change your Kiwibank Credit Card type or set up a joint credit card from 30 April 2021, your Credit Card Repayment Insurance cover will end and you won't be able to apply for Credit Card Repayment Insurance on your new card. You can also cancel your cover at any time.

Cover for existing customers

  • Covers part or all of your outstanding balance if you’re unable to work due to an accidental injury or illness, made redundant, declared bankrupt (if you’re self-employed), critically or terminally ill, or pass away.

  • You'll be covered if you're a primary or a joint credit card holder.

  • Your premiums are based on the closing monthly balance of your credit card – so you only pay for the protection you need.

  • Under some circumstances, pre-existing conditions may be covered.

For customers who have a Credit Card Repayment Insurance start date before 26 February 2021, download the full Cover Wording (effective from May 2019) (PDF 231.3 KB). As of 30 April 2021, the updated Cover Wording will apply.

For customers who have a Credit Card Repayment Insurance start date after 26 February 2021 to 31 March 2021, download the full cover wording (effective from May 2019) (PDF 231.3 KB). As of 1 June 2021, the updated Cover Wording will apply.

For customers who have a Credit Card Repayment Insurance start date after 1 April 2021, download the full cover wording (effective from April 2021) (PDF 215.5 KB).

Talk to an insurance specialist

If you've got any questions about the changes or want to talk about your policy, give us a call on 0800 222 491 between 8.30am - 6pm, Monday to Friday.

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