|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Saturday, March 2nd, 8:41AM


Latest Headlines

Asteron product enhancements well-received

Asteron's new product enhancements has seen it rated number one for term life, income protection and business expenses and second for trauma on IRESS's financial planning software platform.

Wednesday, July 15th 2009, 5:08AM

by Paul McBeth

Last month, the life insurer made 13 modifications to its products bringing it in line with most of its competitors, as it brought in enhancements such as free upgrades for existing clients, and premium holidays for financial hardship.

Its trauma and total and permanent disablement option was an "industry first" and would probably filter through to the rest of the sector in the next six months, according to insurance product analyst Graeme Lindsay of Strategy Financial Services.

"They were all good changes - one in particular, trauma and total and permanent disablement specifically, was clever," Lindsay said.

Asteron general manager Antony Vriens said their other enhancements give advisers the opportunity to contact existing clients and let them know their cover had been improved.

"Advisers have said the enhancements are particularly attractive to the market because there is no impact on premiums," he said in a statement.

Life insurance products have continued to be popular despite the first recession in a decade, according to the Investment Savings and Insurance Association's update on the sector.

The association found risk insurance products noticeably trauma products had seen a rapid increase in the 12 months ended March 31, and chief executive Vance Arkinstall predicts this will be an area of growth for the industry.

Paul is a staff writer for Good Returns based in Wellington.

« Lombard to become kiwi shell for Aussie insurerPermanent term ends for AIG »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Insurance Briefs

nib adds specialist skills to its board
Two new board appointments at health insurer nib add new perspectives, chairman says.

nib gets new CFO
Alvin Soh has joined nib New Zealand as its chief financial officer. Heh is a chartered accountant with more than 20 years of commercial experience in leadership roles.

AIA kicks off footie campaign
AIA NZ has launched a campaign, offering New Zealanders the opportunity to win a trip for two to see Tottenham Hotspur play in London.

AIA Vitality numbers
AIA says its Vitality programme now 50,000 members and they have recorded material health improvements, demonstrating the gains that can be made when we take charge of our wellbeing.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
Site by Web Developer and