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Cigna NZ (now Chubb Life NZ)

Chubb Life Insurance NZ

78Score

★★★☆☆3.8

Customer satisfaction · 450K members

Best option for over-50s(2025)

Cigna NZ (now Chubb Life NZ following Chubb's acquisition in July 2023) has over a century of operations in New Zealand. It specializes in products for the 50+ age group with guaranteed acceptance plans (no medical questions) and strong life + health bundling options, now backed by Chubb (rated AA by S&P).

Overall Score

78/100

Founded

1920

Headquarters

Wellington

Type

private

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Key Metrics

Parent Rating

AA (S&P, Chubb)

Nz Presence

100+ years

Specialization

Over-50s; guaranteed acceptance

Brand Transition

Cigna -> Chubb Life NZ

Editorial Ratings

Best option for over-50s(2025)

Rating: Best for over-50s; guaranteed acceptance (max: Top rated)

78MoneyHub

Coverage Highlights

✓Specialized products for 50+ age group (unique niche)
✓Guaranteed acceptance plans (no medical questions)
✓Over a century of NZ operations
✓Backed by Chubb (one of world's largest P&C insurers, AA S&P)
✓Strong life + health bundling options

Pros

✓Best option for over-50s (specialized products)
✓Guaranteed acceptance (no medical underwriting)
✓100+ years of NZ market presence
✓Chubb global backing

Cons

✗Brand transition (Cigna to Chubb) may cause confusion
✗Health-specific market share smaller than Southern Cross/nib
✗Less competitive on price for younger demographics

Frequently Asked Questions

Is Cigna NZ now Chubb Life NZ?

Yes. Chubb completed the acquisition of Cigna's life and health insurance business in New Zealand in July 2023. The brand is transitioning from Cigna to Chubb Life NZ, though products continue during the transition.

What are guaranteed acceptance plans?

Guaranteed acceptance plans from Cigna/Chubb Life NZ allow customers to obtain health insurance without medical questions or health assessments. This is particularly valuable for older adults who may struggle to pass medical underwriting.

Is Cigna/Chubb Life NZ good for younger people?

Cigna/Chubb Life NZ specializes in the 50+ age group. Younger customers may find better value with nib NZ or Southern Cross, which offer more competitive pricing for younger demographics.

Quick Summary

InsurerCigna NZ (now Chubb Life NZ)

Country🇳🇿 New Zealand

Overall Score78/100

Satisfaction3.8/5

Members450K

Typeprivate

Founded1920

Other Insurers in New Zealand

Southern Cross Health Insurance

private

/ 100

AIA NZ

private

/ 100

nib NZ

private

/ 100

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