Latest Guide On One Choice Life Insurance For Kiwis

Life insurance is a financial product that helps us lead our lives in hard times. If you ask me for a genuine companionship of men or women, it is always a good life insurance policy.

Why? Because these policies are made to cure us whenever we need them. Otherwise, every penny we save for our kids, vacations, big purchases, home construction, or anything else can be taken in our second place at hospitals.

So, it is best to have life insurance for ourselves and our loved ones. And if you are wondering which insurance company you should choose, here we have one Choice life insurance company.

This is our complete review guide about one choice life insurance for Kiwis, where we have covered all the plans offered, pros & cons, customer service, claim process, and much more.

So, let’s start our one-choice life insurance nz review step by step.

A little introduction about One Choice Life Insurance 

OneChoice, started in 2019, provides New Zealanders simple insurance and is backed by Pinnacle Life Insurance Company which is the Most Trusted Online Life Insurance Company, New Zealand, 2023 and 5- Star Insurance Innovator, Insurance Business, NZ and Trusted Service Award, Feefo, Global awardy. And there are many more on the list as well.

Also, one Choice life insurance company has won the Gold Trusted Service Awards 2021 & 2022 and Platinum Trusted Service Awards 2023 & 2024 from Feefo (verified reviews platform). So, here, you will get peace of mind with one life insurance choice.

One Choice Life insurance offers financial security for your loved ones. They provide various life insurance plans, including term, whole, and universal life.

One choice rates are very competitive, and coverage options can be tailored to your needs. You will also get many benefits from one Choice life insurance, which you will learn further in the guide.

With different insurance policies, whether your family’s financial future or funeral expenses, one Choice life insurance policy has covered you for all of life’s unexpected downturns.

Also, one Choice life insurance does not require a blood test or medical when applying for a policy.

So, it is better time to secure your family’s future with one Choice at an affordable price. Still waiting? Don’t worry; we have backed you up to make an informed decision with a detailed guide.

What Does One Choice Life Insurance Offer?

Right now, one option provides excellent adaptable coverage explicitly designed for Kiwis. One Choice offers the following insurance products for Kiwis:

• Life insurance
• Funeral insurance: This covers your funeral costs.

OneChoice life insurance includes optional coverage for severe illness and total and permanent disability (TPD), and OneChoice funeral insurance.

Here, we will discuss their life insurance product more.

What you get with One Choice Life Insurance

One Choice life insurance policy offers up to $2M coverage with their insurance policy. In the table below, you can see the total coverage amount as per your age bracket.

Age group	Coverage amount
18 to 44	$2,000,000
45 to 49	$1,500,000
50 to 54	$1,000,000
55 to 59	$750,000
60 to 70	$500,000

One Choice offers term life insurance, which remains effective if you pay your premiums. Here are all the features and coverage that you get with your standard term life insurance policy:

One choice term life insurance key features:

• It covers you from the age of 16 to 70 years old.
• Depending on age and underwriting outcome, it offers flexible cover amounts from $100,000 to $2 million.
• It covers 100% of your health benefits if you’re diagnosed with a terminal illness. One Choice insurance will pay 100% of your hospital amount on your behalf.
• If you live a healthy lifestyle and don’t smoke, you will be rewarded with lower insurance premiums. So, it is a discount for yourself to stay healthy and avoid smoking. One Choice also wants you to stay healthy.
• One Choice insurance offers a $10,000 advance funeral payout to help with funeral or tangi costs so that after you, your loved ones will not suffer.
• One Choice term life insurance covers death by any cause from day 1 in most cases, but remember that exclusions apply, depending on your circumstances.

However, one Choice offers two options: optional coverage of severe illnesses or permanent disabilities. Let’s discuss the optional coverage you can add to strengthen your insurance shield.

One choice life insurance optional coverage of severe illnesses:

One Choice offers optional coverage from $50,000 to $500,000 for serious illnesses, depending on age from 16 to 59 years old. This coverage covers a range of diseases, including heart attack, stroke, cancer, and coronary artery bypass surgery.

One choice life insurance optional coverage for total & permanent disability:

We never know what will happen to us or our family at the next minute. So, taking precautions and having a safety net around us is always better. And here comes One Choice’s optional cover for total & permanent disability cover.

This coverage is available for the person until he turns 65 years old. And till this age, we have almost become free from our responsibility towards family and society.

It provides coverage for $50,000 up to $1,000,000 without any medical test. And if you are a non-smoker, you will also get a lower premium.

This optional benefit pays money if you are disabled for the rest of your life and are unable to care for yourself or those you love.

My team and I recommend obtaining both coverage options if you are solely earning bread and butter for your kids and family.

What are the eligibility requirements for obtaining one Choice term life insurance? 

Well, there are some general eligibility requirements that you need to meet to get a one-choice term life insurance. These are low or low requirements, and almost every person fulfils them.

• You must be in the 16 to 70-year age gap.
• You must be a New Zealand resident.
• You must provide your name, residency, age, gender, and employment status.

How to get a quote with one choice life insurance

Applying for one-choice life insurance is very easy and takes only 2 minutes. You can get an insurance quote from their website or call them at 0800 005 819.

Here is the step-by-step guide to getting a one-choice insurance quote directly.

• First of all, go to the one choice insurance website.
• Then click on the request a quote button or insurance menu on the menu bar and click on the life insurance option. Then click on the Request a Quote button. It will open a new page where you need to fill in your information, such as gender, smoker or non-smoker, date of birth, cover level you want, name, contact number, and email.

But remember that one option’s office is open from 8 am to 8 pm. Team One Choice will contact you the next working day if you request a price outside of these hours.

Understanding Life Insurance Costs

First, you need to understand that insurance premiums depend on the person. Insurance costs vary based on your age, health, and whether you are

• a smoker or non-smoker,
• your lifestyle,
• your job profile(whether it is riskier or less), and
• your BMI.

Suppose you are facing any pre-existing conditions or you have any pre-existing conditions like diabetes, chronic obstructive pulmonary disease (COPD), cancer, and sleep apnea. In that case, you may be required to pay a higher premium.

If you smoke, then you probably will likely increase your life insurance premiums because smoking may cause any disease at any time, and One Choice offers life insurance without medical & blood tests.

Also, if your Body Mass Index is in the overweight or obese range for your height, you will have to pay higher premiums than a person in the healthy range. Your BMI is the only tool to assess your health condition without any examination. So, keep your BMI under control.

As we know, high cholesterol is prevalent in New Zealand and can affect your premiums. 

But don’t worry, here you can control both your cholesterol & insurance premium, which will be beneficial on your side both ways. 

One choice life insurance pros and cons

Every insurance product has some advantages and disadvantages. This is based on which type of customer the company is targeting. So, here are the pros & cons of one-choice insurance, which will help you to make an informed decision about one-choice.

Pros of one-choice life insurance:

• You are also covered overseas
• No blood test or medical test is required to get insurance with a one-choice
• Lower premium for non-smokers
• You will get a full refund if you cancel your insurance policy within the first 30 days.
• Suppose you are 18 years old, a citizen or permanent resident of New Zealand & reading in a New Zealand Tertiary Education Institution, and studying for a certificate, diploma, degree or traineeship in Business, Finance, Medicine, Healthcare, or Specialist Healthcare. In that case, you can win a One Choice Futures Grant every year for NZD 5,000 (total amount). 

Cons of one choice life insurance:

• You need to obtain a quote during their off-working hour to get an online quote.
• Only two additional coverage option
• As you become older, your coverage amount will be less
• If you cancel your insurance policy after the first 30 days, you will not get any refund. 
• You can not fill out a claim form online; you must fill it out and send it to One Choice.

How to file a claim with One Choice

Whenever something terrible happens to us, we need to file a claim with our insurance company to cover everything, and this is for what we were paying our premium.

We don’t want such things to happen to anyone, but unfortunately, this is out of our control as we know and understand this fact.

So, we now need to file a claim with a one-choice insurance company. Then, you can follow these steps for your convenience.

The one-choice life insurance claims process is straightforward. To make a claim, call One Choice at 0800 005 806 Monday through Friday, 8 am to 8 pm, and they will guide you through the procedure. One option is to send you a claim form via email or download the applicable form from their website.

To download your claim form, follow these steps:

First, go to the one-choice website.

Go to the life insurance menu and click the make a claim button.

Then, choose your claim type, and you can download that form. Here is the life insurance claim form.

Once you complete that form, you must send it to the one Choice. You can send it by post or email. Here, we have listed both addresses for you:

• OneChoice Reply Paid DX Box EP71505, Penrose, Auckland (no stamp required)
• claims@onechoice.co.nz (For email)

But while filing a claim, you need to keep some things in mind, which are:

• Fill out your claim form correctly and in full. It will be delayed if you need to correct something by mistaking your claim process.
• Provide the latest information & documents for identification, and those documents need to be matched with your policy information
• One Choice may require extra information to process your claim. For such information, one Choice will be made.
• One Choice will update you with your claim process via phone every 10 days.

Must read- Kemper Life Insurance: Your Future Security at Under Price

How to get one choice customer service

You may need to contact One Choice customer service for a policy change, make a claim or anything related to your insurance policy.

One Choice has many channels to reach them. To get complete contact information, go to the one-choice homepage and click on the contact menu in the footer section. Here, you will also have an FAQ button to find answers to common queries about their insurance products.

You can call One Choice at 0800 630 013, fax at 0800 527 541 and email at support@onechoice.co.nz. You can choose any one of them.

One Choice Life Insurance Reviews and Ratings

There are many third-party websites where we can find honest and legitimate one-choice life insurance reviews.

Feefo gave a 4.8-star rating based upon over 900 reviews in total and 260 reviews last year about one Choice. Also, one Choice has won 4 awards in a line from Feefo.

Comparing Rates with Other Providers

Many other options are available to Kiwis for choosing a more comprehensive coverage insurance policy. Here, we have the top 5 insurance companies for every New Zealander to consider. However, choosing the suitable insurance policy depends on your age, responsibility, and family needs rather than on the company and the coverage amount.

If you’re looking for alternatives to OneChoice Life Insurance in New Zealand, there are a few reliable businesses to consider. According to the information gathered, the following are five notable life insurance firms in New Zealand:

In the table above, you can see an overview of all the competitors in the life insurance field. But remember, each company has many insurance plans and add-ons; if you are considering any of them, you need to read their reviews first.

Conclusion: is one choice life insurance good?

Many factors and parameters can help you decide whether this is a good insurance company. And mostly, it depends on person to person.

If you are looking for life and severe illness coverage only for yourself, then a good insurance company is one Choice. But like their competitors, they don’t cover for kids.

So, for individuals, it can be an excellent option to consider, especially for non-smokers, to get a discount. But if you want a life insurance policy that covers your spouse and kids under one premium and one policy, then you can consider any of the above.