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: Thursday, August 6th, 1:36AM

Insurance

rss
Latest Headlines

Cigna offers enhancements, online quote tool

Cigna is launching a new online quote tool, designed to help boost efficiency and improve advisers’ experience of working with the company.

Monday, May 11th 2020, 9:47PM

Gail Costa

It said it was the first of a series of planned improvements for the independent financial advice market.

“We’ve worked alongside advisers to build a new quote tool that not only meets their requirements but also streamlines their day-to-day processes so quoting is simple, fast and intuitive,” said Cigna New Zealand chief executive Gail Costa.

By integrating the tool with Cigna’s policy administration system, advisers can quote in real-time for Cigna’s most current products and pricing. The tool can also quote for both Cigna’s personal and business products at the same time.

“We hope the new quote tool will support advisers by reducing the amount of time spent on admin and allowing them to spend more time with their customers,” Costa said.

Cigna has also released enhancements to its Assurance Extra, Business Assurance, Business Extra, and Agribusiness Extra product suites and the launch of the Assurance Extra policy document in WriteMark-certified plain English.

The enhancements include new level term premium options for Assurance Extra life cover, trauma cover and complete disablement cover, refreshed rates on life cover and trauma cover pricing, an advanced terminal illness benefit allowing customers to claim for an acceleration of their Assurance Extra Life Cover and Life Income Cover to provide financial assistance for any immediate expenses as a result of diagnosis and improved melanoma cancer definition, reducing the requirement from 1.5mm to 1.0mm based on a histological examination using the Breslow method.

Costa said these enhancements provided greater certainty of affordability for customers and reflect Cigna’s commitment to providing excellent products and service.

The new quote tool and all enhancements are available now. All enhancements will be passed-back to eligible in-force policies with effect from May 11. The new rates will be applied to existing Assurance Extra, Business Assurance, Business Extra, and Agribusiness Extra customers at their next premium review date. 

“At a time when many New Zealanders are reviewing their insurance needs, it’s vital that advisers are able to continue providing tailored, personal advice to deliver good outcomes for customers. It’s important that as insurers, we’re there to support them with the best tools to do so. We look forward to continuing to work closely with advisers so we can collectively look out for our customers and meet their needs,” Costa said.

Tags: Cigna Insurance Advisers

« INVITE: Partners Life mini-conferenceInsurers hoping for loyalty out of Covid-19 offers »

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

Insurer nib backs Ronald McDonald House with $20k investment
Health insurer nib New Zealand and its nib foundation have lent support to Ronald McDonald House Charities.

Less stressed during lockdown
New Zealander’s health and wellbeing had surprising benefits from the Covid-19 lockdown.

Southern Cross supports new safe haven for at-risk pets
Southern Cross Pet Insurance has teamed up with Pet Refuge to provide temporary shelter for animals affected by family violence.

nib Foundation supports Lifeline to the tune of $150,000
To support the growing mental health needs of Kiwis emerging from the Covid-19 pandemic, Lifeline Aotearoa has increased its service capacity thanks to a $150,000 grant from nib foundation, the charitable arm of nib New Zealand (nib).

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
 
Site by Web Developer and eyelovedesign.com
x