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nib adds free travel insurance

Health insurer nib has added complementary travel insurance for all new Ultimate Health customers.

Sunday, April 22nd 2018, 12:00PM 3 Comments

The refreshed health cover benefits, which are available to both current and new Ultimate Health Max, Ultimate Health and Easy Health customers, feature an increase to the surgical and medical benefit limits for customers with Ultimate Health Max or Ultimate Health as well as the expansion of other benefit entitlements across the adviser health cover range.

nib chief executive Rob Hennin, said the new benefits reflect the health insurer’s commitment to driving innovation and revitalising the health insurance market.

“We regularly review our product range to ensure we provide value for money health cover that meets our customers’ needs. These changes do just that, offering customers real value that will provide them with peace of mind that they are covered whether at home or travelling overseas,” Hennin said.

Complementary, multi-trip international travel insurance will be available to new customers who are insured on either an Ultimate Health Max or Ultimate Health policy from 21 April. Valid for international travel of up to 38 days per trip, customers can be covered for travel-related events such as emergency medical expenses overseas, emergency medical evacuation, stolen luggage and trip cancellation.

“We believe the inclusion of complementary travel insurance with the purchase of health cover provides advisers with a unique, holistic solution for their clients,” Hennin said.

“The enhanced offering is a point of difference that provides additional value that will be attractive to clients as it creates another reason for the whole family to have health cover,” he added.

nib will be contacting current customers to inform them of the new benefits over coming weeks, as well as working closely with advisers to guide them through the changes.

Tags: health insurance nib

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Comments from our readers

On 24 April 2018 at 5:13 pm Dirty Harry said:
Good stuff Rob.
Now, can we talk about the 18% premium increases my customers are being slammed with?

Was Monthly 339.48, now 399.67 = +18%
Same client was hit with +27% last year from 268 to 339.
Daughter turned 21, but without that it was still about 15%
On 25 April 2018 at 6:32 am Rob Hennin@nib said:
Hi Harry and thanks for your feedback. It’s hard to comment specifically without knowing your clients age,the product and excess. nib premium increases are similar to our competitors and increases are primarily driven by claims inflation.
Can you please contact me so that we can find a solution.
Regards, Rob M:021811280
On 28 April 2018 at 6:03 pm Rob Hennin@nib said:
Hi Harry, from our review it looks like nearly half the annual increase is age related. Excess is also low . Very happy to discuss more. Feel free to call me. Regards, rob

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