AIA Living Funeral Cover vs NZ Seniors Funeral Insurance: Indexation

Funeral costs rise over decades; a fixed sum-insured at signup may not cover the funeral at claim time. Some NZ insurers CPI-index the sum-insured; others leave it fixed. This page documents each insurer's indexation approach verbatim.

AIA Funeral Cover — AIA Living Funeral Cover

Wording version 2026-05-21

Not on file for this product.

Source: https://www.aia.co.nz/content/dam/nz/en/docs/our-products/policy-wordings/aia-living/personal/aia-living-personal-life-cover-policy-wording.pdf

NZ Seniors Funeral Insurance — NZ Seniors Funeral Insurance

Wording version 2026-05-18

indexation rules: No CPI indexation described. Benefit Amount stays fixed as chosen, except that from the Life Insured's 85th birthday a 25% Bonus Cover is automatically added to the Funeral Insurance Benefit Amount in force immediately prior to their 85th birthday at no additional premium.

Source: https://www.nzseniors.co.nz/documents/seniors-funeral-insurance-policy-document.pdf

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📄 Full NZ Seniors Funeral Insurance review

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