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: Sunday, April 26th, 12:35PM

Insurance

rss
Latest Headlines

Southern Cross offers financial support

Southern Cross Health Society has announced a range of options it says should help members hit by the Covid-19 outbreak.

Thursday, April 2nd 2020, 8:23PM

That includes the ability for members who have experienced a loss of income and are no longer in paid work to put their policies on hold for up to six months.

Members experiencing financial hardship can put policies on hold for up to three months. During this time, they are not required to pay premiums and retain their pre-existing cover while being unable to make claims.

Eligible members also have the option to add an excess to their plan, remove add-on modules or downgrade their plan to reduce their premiums.

Southern Cross Health Society chief executive Nick Astwick said the financial support options were designed to assist those members most affected by the crisis.

“My message is very clear: we are here with our members every step of the way. That means if you have lost your income and need to put your health insurance policy on hold, that’s something we can offer you.

“We are closely monitoring the impact of Covid-19 on our members and will be announcing further initiatives to support them shortly.”

Astwick said Southern Cross had moved quickly to remain open and available to its members, with all of its contact centre staff working remotely.

Members can submit claims as usual online or via a mobile app, including the ability for eligible members to submit claims for virtual and phone consultations with GPs and specialists.

Tags: Covid-19 Southern Cross

« nib offers support package Mixed reviews from advisers on FMA regulation »

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

Spurs and Auckand FC to meet in Auckland
AIA NZ is the Major Partner for Tottenham Hotspur’s return to New Zealand, with the team set to face Auckland FC at Eden Park later this year.

Fidelity Life keeps its rating for another year.
Fidelity Life has once again had its A- (Excellent) financial strength rating affirmed by AM Best.

AIA releases Neurodiversity Toolkit
AIA NZ has released its Neurodiversity Toolkit to the public for the first time.

AIA brings back Apple watch
AIA brings back the Vitality Apple Watch Benefit.

News Bites
Latest Comments
  • FMA to tackle Finfluencers
    “Make it a requirement for these "influencers" to have at least the FS L5 investment paper and be registered as an FSP. People...”
    5 days ago by w k
  • FMA to review CoFI Guidance
    “@ Just an opinion Well said. In terms of advisers having influence on the banks behaviour, I believe the industry does...”
    11 days ago by Amused
  • FMA to review CoFI Guidance
    “Thank you, just an opinion & valkyrie6. Thank goodness, I left the mortgage industry over 10 years ago. Just a question...”
    11 days ago by w k
  • FMA to review CoFI Guidance
    “Just an Opinion: I 100% agree with your comments, all we want as advisers is an even playing field, no more no less.The banks...”
    11 days ago by valkyrie6
  • Special Events Benefits; great for clients and advisers but beware the time limits
    “Claim story time. Several years ago, I had a client who held life and trauma covers with Asteron Life. She had just purchased...”
    12 days ago by Paul Flood
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