NZPFU AIA COMPENSATION INSURANCE PREMIUM UPDATE

Posted 7 May under Featured News

Please note this notice is only for the NZPFU AIA Compensation Insurance and does not apply to the NZPFU Protect Income Protection Insurance.

Members of the NZPFU AIA compensation insurance are advised premiums have increased to $28.94 per fortnight, with the increase being deducted from wages from the 12^th May 2025 pay period. The NZPFU has notified FENZ of the change in premium.

All NZPFU members can apply to be covered and FENZ will deduct the insurance from the fortnightly wages. Available for download is a copy of the application form.

The NZPFU AIA Insurance is a life insurance scheme providing for $100,000 to be paid upon death or diagnosis of terminal illness.
All information can be found on the NZPFU website under the Resources Tab and under the heading Compensation Insurance.
Members of the scheme can also continue to be covered by the Insurance post-employment with FENZ provided the attached continuation form is completed, and the member would then be responsible for the payment of premiums.

In unity,
Wattie Watson
National Secretary

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