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AA enters health insurance market with nib

AA has entered the health insurance market, in partnership with nib.

Monday, October 3rd 2016, 10:33AM

Dougal Swift

Membership and brand general manager Dougal Swift said AA Health was a natural fit for the association.

“We’ve broadened our range of services significantly over recent years as we look for new areas where we can offer value for our members and the public. We’ve offered home, car and contents insurance for many years as well as life insurance products and travel insurance and these have proved very popular,” he said.

“The free eye exam for AA Members at Specsavers has also been very successful so it made sense to expand our insurance offering into health where we can give customers the high level of care they expect from the AA."

It will offer three core products: AA Health Everyday Cover, AA Health Private Hospital Cover and AA Health Private Hospital and Specialist Cover.

Swift said he expected private hospital cover to be popular. It comes with a range of excess options – up to $10,000 – which enables lower premiums while offering insurance against expensive procedures.

“It’s a good option for those who want the cover for major procedures but may find the cost of private health insurance prohibitive.”

nib New Zealand Chief Executive Officer Rob Hennin said the health fund was excited about the launch.

“This relationship with an iconic Kiwi brand is an example of how we are bringing new thinking to the New Zealand private health insurance market in an effort to grow the industry,”  Hennin said.

AA members will receive a 5% discount on the cost of any AA Health product. The product will be sold over the phone, online and via AA branches.

Tags: health insurance nib

« Kiwi company attracts $200 million global investmentNib increases Ultimate Health product price »

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