tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Friday, May 29th, 6:34PM

Insurance

rss
Latest Headlines

Small firms get staff cover

A new health cover policy for employees is designed to cover a gap in the market, Accuro says.

Friday, January 30th 2015, 6:00AM

by Susan Edmunds

The health insurer has launched StaffSmart, a workplace health cover programme for employers at small businesses.

Kelleigh Aston, general manager of sales and marketing, said most staff products were offered for groups of more than 25 people.
StaffSmart covers 15 to 25.

“We get lots of requests from people saying there’s not enough competition in that up-to-25 space,” she said. “We thought, why don’t we create something?”

The plan is made up of a base plan that covers surgery, cancer treatment, major diagnostic procedures, private hospital admissions and treatments outside New Zealand.

Two option plans can then be added: Specialist Care, which covers specialist visits and testing, and Everyday Care, which covers GP visits, prescriptions and practice nurse visits.

It was a way for employers to offer health cover to employees as a benefit of working for the business, Accuro said.

Aston said that small businesses were not well catered for with staff plans.

The plan includes full underwriting but if staff stay with the company and the plan for three years, pre-existing conditions are removed from the policy.

“A lot of advisers have been asking for something of this type,” Aston said. “Particularly in small rural areas, in the South Island. Twenty-five is too high. Lots of advisers deal with smaller companies.”

She said Accuro had tried to keep the policy as simple and as similar to StaffCare, its policy for bigger firms, as possible.

« Demand for simpler trauma policiesYour job is to simplify regulatory complexity »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Fitch runs Covid-19 ruler over industry
AIA has had its Fitch rating affirmed with a stable outlook, while Suncorp is affirmed with outlook revised to negative.

MDRT waives production requirements
MDRT has waived production requirements for its members this year.

Rating agency gives Partners the tick; Here's what it said
A M Best says Partners Life has a very strong balance sheet and has continued to award its current rating.

Hardship fund for Asteron customers
Suncorp is establishing a $2 million hardship fund for Vero and Asteron Life customers.

News Bites
Latest Comments
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com