Legal Disclosures
Financial Strength Rating
All licensed insurers are required to have a financial strength rating from a rating agency authorised for this purpose by the Reserve Bank of New Zealand. Beneficial Insurance Limited has been rated B++ Outlook Stable by AM Best Company. The AM Best company financial strength rating scale is as follows:
Secure: A++, A+ (Superior) A, A- (Excellent) B++, B+ (Good)
Vulnerable: B, B- (Fair) C++, C+ (Marginal) C, C- (Weak) D (Poor) E (Under Regulatory Supervision) Solvency Disclosures Dec 2025 Solvency capital: $13,414,000 Adjusted prescribed capital requirement: $3,000,000 Adjusted Solvency margin: $10,414,000 Adjusted Solvency ratio: 447% Privacy Policy This Privacy Policy governs the manner in which Beneficial Insurance Limited collects, uses, maintains and discloses information collected from users (each, a “User”) of the www.motorlife.co.nz website. Personal identification information We may collect personal identification information from Users in a variety of ways, including, but not limited to, when Users visit our website, register on the website, place an order, fill out a form, and in connection with other activities, services, features or resources we make available on our Website. Users may be asked for, as appropriate, name, email address, phone number. Users may, however, visit our Website anonymously. We will collect personal identification information from Users only if they voluntarily submit such information to us. Users can always refuse to supply personally identification information, except that it may prevent them from engaging in certain Website related activities. Non-personal identification information We may collect non-personal identification information about Users whenever they interact with our Website. Non-personal identification information may include the browser name, the type of computer and technical information about Users means of connection to our Website, such as the operating system and the Internet service providers utilized and other similar information. Web browser cookies Our Website may use “cookies” to enhance User experience. User’s web browser places cookies on their hard drive for record-keeping purposes and sometimes to track information about them. User may choose to set their web browser to refuse cookies, or to alert you when cookies are being sent. If they do so, note that some parts of the Website may not function properly. How we use collected information Motorlife may collect and use Users personal information for the following purposes:• To run and operate our Website We may need your information to display content on the Website correctly.• To personalize the Users experience We may use aggregated information to understand how our Users as a group use the services and resources provided on our Website.• To improve our Website We may use feedback you provide to improve our products and services.• To send periodic emails We may use your email address to send updates, offers or news. It may also be used to respond to a User’s enquiries, questions, and/or other requests. How we protect your information We adopt appropriate data collection, storage and processing practices and security measures to protect against unauthorised access, alteration, disclosure or destruction of your personal information, username, password, transaction information and data stored on our Website. Sharing your personal informationWe do not sell, trade, or rent Users personal identification information to others. We may share generic aggregated demographic information not linked to any personal identification information regarding visitors and users with our business partners, trusted affiliates and advertisers for the purposes outlined above. We may use third party service providers to help us operate our business and the Website or administer activities on our behalf, such as sending out newsletters or surveys. We may share your information with these third parties for those limited purposes. Email newsletters If User decides to opt-in to our mailing list, they will receive emails that may include company news, updates, related product or service information, etc. We may use third party service providers to help us operate our business and the Website or administer activities on our behalf, such as sending out newsletters or surveys. We may share your information with these third parties for those limited purposes provided that you have given us your permission. Opt out or unsubscribe functions, from those specific lists, will always be provided within those emails. Third party websites Users may find advertising or other content on our Website that link to the sites and services of our partners, suppliers, advertisers, sponsors, licensors and other third parties. We do not control the content or links that appear on these sites and are not responsible for the practices employed by websites linked to or from our Website. In addition, these sites or services, including their content and links, may be constantly changing. These sites and services may have their own privacy policies and customer service policies. Browsing and interaction on any other website, including websites which have a link to our Website, is subject to that website’s own terms and policies. Google Analytics cookies This website uses Google Analytics to help analyse how visitors use this website. Google Analytics uses “cookies”, which are small text files placed on your computer, to collect standard internet log information and visitor behaviour information in an anonymous form.The anonymous information generated by Google Analytics cookies about your use of this website is transmitted to Google. This information is processed to compile statistical reports on website activity for this website only. Google Remarketing We may use Google AdWords Remarketing to advertise Motorlife across the Internet, in particular on the Google Display Network.AdWords remarketing may display ads to a User based on what parts of the Motorlife website you have viewed by placing a cookie on your web browser.This cookie does not in any way identify you individually or give access to your computer or mobile device. The cookie is used to indicate to other websites that “This User visited a particular page, so show them ads relating to that page.”Google AdWords Remarketing allows us to tailor our marketing to better suit your needs and only display ads that are relevant to you. If you do not wish to see ads from Motorlife you can opt out in several ways: 1. Opt out of Google’s use of cookies by visiting Google’s Ads Settings2. Opt out of a third-party vendor’s use of cookies by visiting the Network Advertising Initiative opt-out page. Changes to this privacy policy Motorlife has the discretion to update this privacy policy at any time. We encourage Users to frequently check this page for any changes to stay informed about how we are helping to protect the personal information we collect. You acknowledge and agree that it is your responsibility to review this privacy policy periodically and become aware of modifications. Your acceptance of these terms By using this Website, you signify your acceptance of this policy. If you do not agree to this policy, please do not use our Website. Your continued use of the Website following the posting of changes to this policy will be deemed your acceptance of those changes. Contacting us If you have any questions about this Privacy Policy, the practices of this website, or your dealings with this website, please email us here
Access to Motor Vehicle Register Information (Section 241 Land Transport Act 1998) Beneficial Insurance Limited is authorised by the New Zealand Transport Agency to access names and addresses of persons registered in respect of motor vehicles and information on those vehicles as recorded in the Registrar of Motor Vehicles, in accordance with section 241 of the Land Transport Act 1998.Beneficial Insurance Limited advises that the name and address of persons who have either applied for insurance with Motorlife or have purchased an insurance policy through Motorlife may be obtained from the Registrar of Motor Vehicles in accordance with section 241 of the Land Transport Act 1998. Beneficial Insurance Limited will only access this information for the following purposes: • when assessing an application to provide an insurance policy in relation to a motor vehicle, to ensure the applicant is the registered person of that motor vehicle; or• when verifying entitlement to make a claim or receive a payment under an insurance policy that applies to a motor vehicle, to ensure the registered person of that vehicle is the person to which that insurance policy applies. Beneficial Insurance Limited has been authorised to access information in the Registrar of Motor Vehicles in accordance with section 241of the Land Transport Act 1998 under NZ Gazette notice dated 21 September 2022. Beneficial Insurance Limited advises that any person can notify the Registrar of Motor Vehicles that they do not wish to have their name(s) and address(es) made available under this authorisation.
Acceptance of Terms These Terms of Use are to be read in conjunction with Beneficial Insurance’s Website Privacy Policy. By accessing the Beneficial Insurance website, you indicate that you have read and agreed to these Terms of Use and the Website Privacy Policy. It is a condition of your use of this website that you observe our Website Terms of Use at all times. We reserve the right to update or amend these Terms and Conditions at any time and your continued use of the Website/Services following any changes shall be deemed to be your acceptance of such change. It is therefore your responsibility to check the Terms and Conditions regularly for any changes. Website Tools The calculators and other interactive tools that may be used on this web website from time to time are intended to be illustrative only. Beneficial Insurance does not represent or warrant the accuracy, adequacy or completeness of any information provided by those calculators and interactive tools. Website Information The information on this website has been provided by Beneficial Insurance for informational purposes. Beneficial Insurance does not warrant the accuracy or completeness of the materials on this website. Beneficial Insurance does not accept any liability for any loss or damage directly or indirectly arising from any information contained on this website. Beneficial Insurance may at any time change the information available on this website, without notice, including discontinuing all or any aspects of this website. Beneficial Insurance will not be liable for any loss or damage, which may arise directly or indirectly as a result of such changes. No content on this website can or may change any contract for products or services that you may have with Beneficial Insurance. When transmitting your personal information over this website, you should remember that the Internet is not a secure environment. The Services The Website may provide communication tools such as email, bulletin boards, chat areas, news groups, forums and/or other message or communication facilities (“the Services”) designed to enable you to communicate with others. Unless stated otherwise the Services are for your personal and non-commercial use only.
Child Supervision We are concerned about the safety and privacy of our users, particularly children. Parents who wish to allow their children access to and use of the Website/Services should supervise such access and use. By allowing your child access to the Services you are allowing your child access to all of the Services, including email, bulletin boards, chat areas, news groups, forums and/or other message or communication facilities. It is therefore your responsibility to determine which Services are appropriate for your child. Always use caution when revealing personally identifiable information about yourself or your children via any of the Services. User Account, Password & Security If a particular Service requires you to open an account you will be required to complete the registration process by providing certain information and registering a username and password for use with that Service. You are responsible for maintaining the confidentiality of the username and password and also for all activities that take place under your account. You agree to immediately notify us of any unauthorised use of your password or account or any other breach of security. In no event will Beneficial Insurance be liable for any indirect or consequential loss or damage whatsoever resulting from the disclosure of your username and/or password. You may not use another person’s account at any time, without the express permission of the account holder. Termination We have the right to terminate your access to any or all of the Services at any time, without notice, for any reason, including without limitation, breach of these Terms and Conditions. We may also at any time, at our sole discretion, discontinue the Website/Services or any part thereof without prior notice and you agree that we shall not be liable to you or any third party for any termination of your access to the Website/Services. Third Party Websites The Website/Services may include links to third party websites that are controlled and maintained by others. Any link to other websites is not an endorsement of such websites and you acknowledge and agree that Beneficial Insurance is not responsible for the content or availability of any such sites. Intellectual Property Rights The Website and its content (including without limitation the Website design, text, graphics and all software and source codes connected with the Website and the Services) are protected by copyright, trade marks, patents and other intellectual property rights and laws. In accessing the Website you agree that you will access the contents solely for your personal, non-commercial use. None of the content may be downloaded, copied, reproduced, transmitted, stored, sold or distributed without the prior written consent of the copyright holder. This excludes the downloading, copying and/or printing of pages of the Website for personal, non-commercial home use only. Beneficial Insurance does not claim ownership of any materials you post, upload or submit to any publicly accessible area of the Services. However, by doing so you are granting us a world-wide, royalty free, non-exclusive licence to copy, distribute, transmit, reproduce, publicly display, edit, translate or publish such Content for as long as you elect to display such Content via the Services. The licence shall be terminated when such Content is deleted from the Services. Disclaimers Use of the Website/Services is at your own risk. The Website/Services are provided on an “as is” and “as available” basis without any representation or endorsement made and without warranty of any kind whether express or implied, including but not limited to the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement, compatibility, security and accuracy. To the extent permitted by law, Beneficial Insurance will not be liable for any direct, indirect or consequential loss or damage whatsoever (including without limitation loss of business, opportunity, data, profits) arising out of or in connection with the use of the Website/Services. You agree to indemnify and hold Beneficial Insurance harmless from and against any breach by you of these Terms and Conditions and any claim or demand brought against Beneficial Insurance by any third party arising out of your use of the Services and/or any Content submitted, posted or transmitted through the Services, including without limitation, all claims, actions, proceedings, losses, liabilities, damages, costs, expenses (including reasonable legal costs and expenses) howsoever suffered or incurred by Beneficial Insurance in consequence of your breach of these Terms and Conditions. Materials on this website may contain inaccuracies and typographical errors. Beneficial Insurance does not warrant the accuracy or completeness of the materials or the reliability of any advice, opinion, statement or other information displayed or distributed through the website. You acknowledge that any reliance on any such opinion, advice, statement, memorandum, or information shall be at your sole risk. Beneficial Insurance reserves the right, in its sole discretion, to correct any errors or omissions in any portion of the website. Beneficial Insurance may make any other changes to the website, the materials and the products, programs, services or prices (if any) described in the website at any time without notice. Severance If any of these Terms and Conditions should be determined to be invalid, illegal or unenforceable for any reason by any court of competent jurisdiction then such Term or Condition shall be severed and the remaining Terms and Conditions shall survive and remain in full force and effect and continue to be binding and enforceable. Governing Law The use of this website and these Terms and Conditions are to be governed by the laws of New Zealand, and any disputes arising out of the same shall be resolved by the exclusive jurisdiction of the Courts of New Zealand. Notification of Changes All the terms and conditions are subject to change without notice. Questions or Comments If you have any questions or comments about the Beneficial Insurance website’s Terms of Use and/or the way it affects you, please email us.
Secure: A++, A+ (Superior) A, A- (Excellent) B++, B+ (Good)
Vulnerable: B, B- (Fair) C++, C+ (Marginal) C, C- (Weak) D (Poor) E (Under Regulatory Supervision) Solvency Disclosures Dec 2025 Solvency capital: $13,414,000 Adjusted prescribed capital requirement: $3,000,000 Adjusted Solvency margin: $10,414,000 Adjusted Solvency ratio: 447% Privacy Policy This Privacy Policy governs the manner in which Beneficial Insurance Limited collects, uses, maintains and discloses information collected from users (each, a “User”) of the www.motorlife.co.nz website. Personal identification information We may collect personal identification information from Users in a variety of ways, including, but not limited to, when Users visit our website, register on the website, place an order, fill out a form, and in connection with other activities, services, features or resources we make available on our Website. Users may be asked for, as appropriate, name, email address, phone number. Users may, however, visit our Website anonymously. We will collect personal identification information from Users only if they voluntarily submit such information to us. Users can always refuse to supply personally identification information, except that it may prevent them from engaging in certain Website related activities. Non-personal identification information We may collect non-personal identification information about Users whenever they interact with our Website. Non-personal identification information may include the browser name, the type of computer and technical information about Users means of connection to our Website, such as the operating system and the Internet service providers utilized and other similar information. Web browser cookies Our Website may use “cookies” to enhance User experience. User’s web browser places cookies on their hard drive for record-keeping purposes and sometimes to track information about them. User may choose to set their web browser to refuse cookies, or to alert you when cookies are being sent. If they do so, note that some parts of the Website may not function properly. How we use collected information Motorlife may collect and use Users personal information for the following purposes:• To run and operate our Website We may need your information to display content on the Website correctly.• To personalize the Users experience We may use aggregated information to understand how our Users as a group use the services and resources provided on our Website.• To improve our Website We may use feedback you provide to improve our products and services.• To send periodic emails We may use your email address to send updates, offers or news. It may also be used to respond to a User’s enquiries, questions, and/or other requests. How we protect your information We adopt appropriate data collection, storage and processing practices and security measures to protect against unauthorised access, alteration, disclosure or destruction of your personal information, username, password, transaction information and data stored on our Website. Sharing your personal informationWe do not sell, trade, or rent Users personal identification information to others. We may share generic aggregated demographic information not linked to any personal identification information regarding visitors and users with our business partners, trusted affiliates and advertisers for the purposes outlined above. We may use third party service providers to help us operate our business and the Website or administer activities on our behalf, such as sending out newsletters or surveys. We may share your information with these third parties for those limited purposes. Email newsletters If User decides to opt-in to our mailing list, they will receive emails that may include company news, updates, related product or service information, etc. We may use third party service providers to help us operate our business and the Website or administer activities on our behalf, such as sending out newsletters or surveys. We may share your information with these third parties for those limited purposes provided that you have given us your permission. Opt out or unsubscribe functions, from those specific lists, will always be provided within those emails. Third party websites Users may find advertising or other content on our Website that link to the sites and services of our partners, suppliers, advertisers, sponsors, licensors and other third parties. We do not control the content or links that appear on these sites and are not responsible for the practices employed by websites linked to or from our Website. In addition, these sites or services, including their content and links, may be constantly changing. These sites and services may have their own privacy policies and customer service policies. Browsing and interaction on any other website, including websites which have a link to our Website, is subject to that website’s own terms and policies. Google Analytics cookies This website uses Google Analytics to help analyse how visitors use this website. Google Analytics uses “cookies”, which are small text files placed on your computer, to collect standard internet log information and visitor behaviour information in an anonymous form.The anonymous information generated by Google Analytics cookies about your use of this website is transmitted to Google. This information is processed to compile statistical reports on website activity for this website only. Google Remarketing We may use Google AdWords Remarketing to advertise Motorlife across the Internet, in particular on the Google Display Network.AdWords remarketing may display ads to a User based on what parts of the Motorlife website you have viewed by placing a cookie on your web browser.This cookie does not in any way identify you individually or give access to your computer or mobile device. The cookie is used to indicate to other websites that “This User visited a particular page, so show them ads relating to that page.”Google AdWords Remarketing allows us to tailor our marketing to better suit your needs and only display ads that are relevant to you. If you do not wish to see ads from Motorlife you can opt out in several ways: 1. Opt out of Google’s use of cookies by visiting Google’s Ads Settings2. Opt out of a third-party vendor’s use of cookies by visiting the Network Advertising Initiative opt-out page. Changes to this privacy policy Motorlife has the discretion to update this privacy policy at any time. We encourage Users to frequently check this page for any changes to stay informed about how we are helping to protect the personal information we collect. You acknowledge and agree that it is your responsibility to review this privacy policy periodically and become aware of modifications. Your acceptance of these terms By using this Website, you signify your acceptance of this policy. If you do not agree to this policy, please do not use our Website. Your continued use of the Website following the posting of changes to this policy will be deemed your acceptance of those changes. Contacting us If you have any questions about this Privacy Policy, the practices of this website, or your dealings with this website, please email us here
Access to Motor Vehicle Register Information (Section 241 Land Transport Act 1998) Beneficial Insurance Limited is authorised by the New Zealand Transport Agency to access names and addresses of persons registered in respect of motor vehicles and information on those vehicles as recorded in the Registrar of Motor Vehicles, in accordance with section 241 of the Land Transport Act 1998.Beneficial Insurance Limited advises that the name and address of persons who have either applied for insurance with Motorlife or have purchased an insurance policy through Motorlife may be obtained from the Registrar of Motor Vehicles in accordance with section 241 of the Land Transport Act 1998. Beneficial Insurance Limited will only access this information for the following purposes: • when assessing an application to provide an insurance policy in relation to a motor vehicle, to ensure the applicant is the registered person of that motor vehicle; or• when verifying entitlement to make a claim or receive a payment under an insurance policy that applies to a motor vehicle, to ensure the registered person of that vehicle is the person to which that insurance policy applies. Beneficial Insurance Limited has been authorised to access information in the Registrar of Motor Vehicles in accordance with section 241of the Land Transport Act 1998 under NZ Gazette notice dated 21 September 2022. Beneficial Insurance Limited advises that any person can notify the Registrar of Motor Vehicles that they do not wish to have their name(s) and address(es) made available under this authorisation.
Acceptance of Terms These Terms of Use are to be read in conjunction with Beneficial Insurance’s Website Privacy Policy. By accessing the Beneficial Insurance website, you indicate that you have read and agreed to these Terms of Use and the Website Privacy Policy. It is a condition of your use of this website that you observe our Website Terms of Use at all times. We reserve the right to update or amend these Terms and Conditions at any time and your continued use of the Website/Services following any changes shall be deemed to be your acceptance of such change. It is therefore your responsibility to check the Terms and Conditions regularly for any changes. Website Tools The calculators and other interactive tools that may be used on this web website from time to time are intended to be illustrative only. Beneficial Insurance does not represent or warrant the accuracy, adequacy or completeness of any information provided by those calculators and interactive tools. Website Information The information on this website has been provided by Beneficial Insurance for informational purposes. Beneficial Insurance does not warrant the accuracy or completeness of the materials on this website. Beneficial Insurance does not accept any liability for any loss or damage directly or indirectly arising from any information contained on this website. Beneficial Insurance may at any time change the information available on this website, without notice, including discontinuing all or any aspects of this website. Beneficial Insurance will not be liable for any loss or damage, which may arise directly or indirectly as a result of such changes. No content on this website can or may change any contract for products or services that you may have with Beneficial Insurance. When transmitting your personal information over this website, you should remember that the Internet is not a secure environment. The Services The Website may provide communication tools such as email, bulletin boards, chat areas, news groups, forums and/or other message or communication facilities (“the Services”) designed to enable you to communicate with others. Unless stated otherwise the Services are for your personal and non-commercial use only.
Child Supervision We are concerned about the safety and privacy of our users, particularly children. Parents who wish to allow their children access to and use of the Website/Services should supervise such access and use. By allowing your child access to the Services you are allowing your child access to all of the Services, including email, bulletin boards, chat areas, news groups, forums and/or other message or communication facilities. It is therefore your responsibility to determine which Services are appropriate for your child. Always use caution when revealing personally identifiable information about yourself or your children via any of the Services. User Account, Password & Security If a particular Service requires you to open an account you will be required to complete the registration process by providing certain information and registering a username and password for use with that Service. You are responsible for maintaining the confidentiality of the username and password and also for all activities that take place under your account. You agree to immediately notify us of any unauthorised use of your password or account or any other breach of security. In no event will Beneficial Insurance be liable for any indirect or consequential loss or damage whatsoever resulting from the disclosure of your username and/or password. You may not use another person’s account at any time, without the express permission of the account holder. Termination We have the right to terminate your access to any or all of the Services at any time, without notice, for any reason, including without limitation, breach of these Terms and Conditions. We may also at any time, at our sole discretion, discontinue the Website/Services or any part thereof without prior notice and you agree that we shall not be liable to you or any third party for any termination of your access to the Website/Services. Third Party Websites The Website/Services may include links to third party websites that are controlled and maintained by others. Any link to other websites is not an endorsement of such websites and you acknowledge and agree that Beneficial Insurance is not responsible for the content or availability of any such sites. Intellectual Property Rights The Website and its content (including without limitation the Website design, text, graphics and all software and source codes connected with the Website and the Services) are protected by copyright, trade marks, patents and other intellectual property rights and laws. In accessing the Website you agree that you will access the contents solely for your personal, non-commercial use. None of the content may be downloaded, copied, reproduced, transmitted, stored, sold or distributed without the prior written consent of the copyright holder. This excludes the downloading, copying and/or printing of pages of the Website for personal, non-commercial home use only. Beneficial Insurance does not claim ownership of any materials you post, upload or submit to any publicly accessible area of the Services. However, by doing so you are granting us a world-wide, royalty free, non-exclusive licence to copy, distribute, transmit, reproduce, publicly display, edit, translate or publish such Content for as long as you elect to display such Content via the Services. The licence shall be terminated when such Content is deleted from the Services. Disclaimers Use of the Website/Services is at your own risk. The Website/Services are provided on an “as is” and “as available” basis without any representation or endorsement made and without warranty of any kind whether express or implied, including but not limited to the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement, compatibility, security and accuracy. To the extent permitted by law, Beneficial Insurance will not be liable for any direct, indirect or consequential loss or damage whatsoever (including without limitation loss of business, opportunity, data, profits) arising out of or in connection with the use of the Website/Services. You agree to indemnify and hold Beneficial Insurance harmless from and against any breach by you of these Terms and Conditions and any claim or demand brought against Beneficial Insurance by any third party arising out of your use of the Services and/or any Content submitted, posted or transmitted through the Services, including without limitation, all claims, actions, proceedings, losses, liabilities, damages, costs, expenses (including reasonable legal costs and expenses) howsoever suffered or incurred by Beneficial Insurance in consequence of your breach of these Terms and Conditions. Materials on this website may contain inaccuracies and typographical errors. Beneficial Insurance does not warrant the accuracy or completeness of the materials or the reliability of any advice, opinion, statement or other information displayed or distributed through the website. You acknowledge that any reliance on any such opinion, advice, statement, memorandum, or information shall be at your sole risk. Beneficial Insurance reserves the right, in its sole discretion, to correct any errors or omissions in any portion of the website. Beneficial Insurance may make any other changes to the website, the materials and the products, programs, services or prices (if any) described in the website at any time without notice. Severance If any of these Terms and Conditions should be determined to be invalid, illegal or unenforceable for any reason by any court of competent jurisdiction then such Term or Condition shall be severed and the remaining Terms and Conditions shall survive and remain in full force and effect and continue to be binding and enforceable. Governing Law The use of this website and these Terms and Conditions are to be governed by the laws of New Zealand, and any disputes arising out of the same shall be resolved by the exclusive jurisdiction of the Courts of New Zealand. Notification of Changes All the terms and conditions are subject to change without notice. Questions or Comments If you have any questions or comments about the Beneficial Insurance website’s Terms of Use and/or the way it affects you, please email us.