|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, May 28th, 9:05PM


Latest Headlines

Cigna ups offers to advisers - enhances products

Cigna New Zealand has made a series of enhancements to its product and service offerings including a new "pay later" feature and making its multi-policy discount permanent.

Wednesday, October 20th 2021, 12:13PM

Simon Tohill.

Cigna distribution general manager David Haak says that in response to adviser feedback, a new pay later feature for customers taking out new cover is now available on Cigna’s electronic application form (eApp).

“You talked, we listened. This new feature will allow customers who have been referred for further underwriting the option to wait until they have completed the process before providing their payment details."

He says it is one of several eApp enhancements Cigna will be making in the coming months.

Cigna has also made its multi-benefit discount a permanent feature of its product offering following positive market feedback on the campaign released in September last year.

“Advisers have told us about the difference the discount has made for their customers when taking out new cover. As well as making it permanent, we’ve simplified the discount and removed any age eligibility criteria,” says Cigna's strategy and marketing general manager Simon Tohill.

The new discount on Assurance Extra will provide a 5% discount to customers taking life cover with one other qualifying cover and 7% to those taking life cover with two other qualifying covers.

The discount will be offered to all new business quoted and issued after October 18, 2021.

The discount can also be applied in conjunction with Cigna's "Good things come in twos" offer which is available to independent financial advisers and their customers until December 17, 2021.

"This means not only will new customers receive a multi-benefit discount on their cover, they’ll get the first two months of cover on us,” Tohill says.

The changes are complemented by Cigna’s latest enhancements to its advice-based covers and the release of Cigna’s Business Assurance policy wording in plain English.

“We’ve made a series of enhancements to our definitions and benefits across our Assurance Extra, Business Assurance, Business Extra and Agribusiness Extra Covers to ensure they’re continuing to meet the needs of our customers not only now but in the long term,” says Tohill.

Cigna’s Business Assurance policy is its fourth policy to be released in plain English and will be issued to all customers taking out Business Assurance cover from October 18.

Tags: business insurance Cigna David Haak Life insurance

« nib offers free mental health coverBusiness as usual after Cigna sell-off »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend
Insurance Briefs

Premium relief for customers in drought areas
Fidelity Life offers premium relief to drought-affected customers

Fidelity Life relaunches customer engagement initiative
Once again Fidelity Life wants to recognise advisers who go above and beyond to deliver amazing customer service.

Asteron Life unveils product enhancements
Asteron Life is proud to announce a series of enhancements and clarifications to multiple covers across Personal and Business Insurance product offerings, reflecting its commitment to understanding and meeting the evolving needs of customers, and making it a more seamless experience for advisers.

Partners helps fund depression recovery centre
New Whakamātūtū Wellington Depression Recovery Centre gets financial boost from Partners Life.

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  |  Disclaimer
Site by Web Developer and