NZ Seniors Funeral Insurance vs OneChoice 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.
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
OneChoice Funeral Insurance — OneChoice Funeral Insurance
Wording version 2021-05-23
indexation rules: No CPI indexation mentioned. Benefit Amount is fixed as chosen, except that from age 85 a 25% Bonus Cover is automatically added to the Funeral Insurance Benefit Amount in force immediately prior to the Life Insured's 85th birthday, at no additional premium.
Source: https://www.onechoice.co.nz/documents/onechoice-funeral-insurance-policy-document.pdf