Accidental death cover
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Free accidental death cover

The Booster KiwiSaver Scheme offers free accidental death cover worth up to $50,000.

Qualifying for cover

To be eligible for the free accidental death cover, you must:

  • be a member of the Booster KiwiSaver Scheme
  • be under the age of eligibility for New Zealand Superannuation, currently 65 years of age
  • normally pay the standard member fee – or be someone who has that fee waived because you’ve got less than $500 in your account.

If you meet all these conditions, you are an ‘insured member’.

This means that your family and other beneficiaries of your estate will receive the free accidental death cover if you die accidentally.

How much is the cover?

The most that your free accidental death cover pays to your estate is $50,000, but the amount depends on:

  • whether you are 18 years or over, or are a contributing member
  • the number of consecutive years you’ve been a contributing member 
  • how much you’ve got in your Booster KiwiSaver Scheme account.

There are also some other conditions.

Contributing member

A ‘contributing member’ is someone who has paid in at least $1,000 to their account over a 12-month period.

These contributions can be made by:

  • you as part of your regular employee contribution
  • your employer
  • you as voluntary contributions.

Find out more

For full terms and conditions, including how to claim, please:


If you have any queries or want to know more:

  • call us on 0800 336 338

  • talk to your financial adviser, if you have one.