About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, December 14th, 6:30PM
rss
Latest Headlines

Momentum Life issued life insurance licence in New Zealand

Tuesday, March 13th 2018, 2:41PM

Momentum Life, one of the fastest growing direct-to-customer life insurance brands in New Zealand, announces the grant of their life insurance licence.

Following almost two years of impressive growth, Momentum Life announced that it has been issued a life insurance licence beginning March 12 2018, becoming the underwriter of their future products. The Auckland-based company quickly grew after launching in April 2016 and accounted for over 60% of the total new guaranteed acceptance life insurance business issued in New Zealand during 2017.

The transition into underwriting policies will help further Momentum Life’s vision of providing simple and affordable life insurance products to New Zealanders.

“We’re thrilled to now hold our life insurance licence and continue our upward growth," says Russell Howden, Momentum Life managing director.

"This move will provide us with more opportunities to bring innovative products to market, giving New Zealand families more choice when it comes to meeting their insurance needs.”

Underinsurance is an issue for New Zealand he says. A Massey University study found that the rate of life insurance purchased among New Zealanders sits far below levels in similar Western nations, creating a gap estimated at over $195.5 billion.

“There is a tremendous life insurance need in New Zealand,” he says.

“Momentum Life will continue bridging this gap, providing New Zealanders with products and resources that can help secure their financial futures.”

Momentum Life will continue working to its strengths, including providing customers with an outstanding customer service experience. It has recently been awarded the Feefo Gold Trusted Service Award for the second year running, an independent seal of excellence based on feedback from verified customers. It is also developing a range of resource materials, designed to educate customers about estate planning.

Tags: Life insurance

« Southern Cross joins the movement to help Kiwis Choose Wiselynib joins up with FSC »

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

Fidelity takes top award
Fidelity Life, New Zealand’s largest locally owned and operated life insurer, has been named 2018 Life Insurance Company of the Year for the second year running.

Southern Cross staff get wellness accreditation
Southern Cross Health Society says it has strengthened its workplace wellbeing expertise to help meet growing demand from Kiwi businesses for robust programmes to support the health of their people.

AIA trials mental wellbeing technology
AIA Australia and New Zealand is to trial a corporate health programme provided by mental health technology company Medibio, with its staff.

$50k in sports grants awarded
Former All Black Cory Jane has helped give out some of $50,000 in sports grants awarded to schools to mark the end of the six-week New Zealand’s Healthiest Schools Challenge, supported by AIA and Sovereign.

News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

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