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: Monday, June 24th, 6:35PM

Insurance

rss
Latest Headlines

Southern Cross launches life insurance

New Zealand's largest health insurer Southern Cross is launching an online life insurance product which is being backed by Cigna.

Wednesday, March 30th 2016, 9:00AM

Head of product and marketing Chris Watney said it was a natural extension for the company.

“Southern Cross has been looking after the health of New Zealanders for over 55 years. We believe people will feel confident buying life insurance from an organisation and a brand they know and trust.”

Southern Cross Life Insurance is backed by Cigna, and will complement Southern Cross’ range of insurance products which includes day-to-day, basic surgical and more comprehensive health insurance plans, as well as critical illness cover, travel insurance and pet insurance.

Watney said: "Like health insurance, people purchase life insurance at important junctures in their life - it might be when they get a student loan, start a family, buy a home or get married.

“This is something our members have been asking of us for some time and we think the combination of both life and health products under one brand will make sense to people.”

Southern Cross Life Insurance will provide cover of up to $1 million and be available for purchase online from tomorrow.

Watney said Southern Cross had talked to advisers earlier in the year and told them that it might consider another life product for third-party distribution later on. "But right now this is a good way for the brand to launch."

He said Southern Cross had identified the most potential in the direct insurance space. "It's the more undeveloped part of the market."

Watney said: “We have chosen to focus on selling our life insurance online because in this busy world, people increasingly use the internet to compare and purchase insurance products. However we also have a team just a phone call away should customers want to talk to someone.”

Customers in good health will be eligible for a 10% healthy living discount. An additional discount of 10% will be available to Southern Cross Health Society members.

 

Tags: Southern Cross

« Kepa to offer more focused support, faces new competition in marketLife after Jennings 'business as usual' »

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

PIC Insurance Brokers partners with RE/MAX New Zealand
PIC Insurance Brokers has entered into a new strategic partnership with real estate company RE/MAX New Zealand as the exclusive insurance broker.

New customers get 3-months' premium-free on Fidelity Life
Fidelity Life has announced a special offer to cover new customers’ premiums for the first 3-months of their policies.

Premium relief for customers in drought areas
Fidelity Life offers premium relief to drought-affected customers

Fidelity Life relaunches customer engagement initiative
Once again Fidelity Life wants to recognise advisers who go above and beyond to deliver amazing customer service.

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 eyelovedesign.com
x