The new alliance between nib, New Zealand's second largest health insurer and Fidelity Life, the country's third largest life insurer, marks the first time two key players in the insurance sector have combined forces to offer bundled products from across complementary product ranges.
nib CEO Rob Hennin said the partnership offers advisers an unprecedented breadth of options and reflects their intent to grow the insurance
market by providing consumers with real choice and flexibility to meet their individual needs.
"This is a formidable partnership which brings together the top rated products across the personal insurance sector,"
said Mr Hennin, "Financial advisers can now bundle together the
highly rated health insurance and life insurance products at an
extremely competitive price. It's a game changer for adviser
businesses and another win for consumers."
"Both organisations bring considerable experience and specialist knowledge to the
partnership," adds Fidelity Life CEO, Milton Jennings. "nib has
shaken up the health market recently with its innovative new health
products and Fidelity Life has long been leading the way for life
cover. This new alliance signals an exciting progression
for the industry and we're excited to partner with nib to deliver
customers an attractive combined insurance offering."
nib has recently announced a new range of adviser-only products, Ultimate Health™
and Ultimate Health Max™, that have attracted top ratings from two independent
insurance rating houses QPR/Quotemonster and Strategy. The new range includes an
add-on proactive health option that provides cover for a range of health checks
and health and well-being programmes without the need for referrals.
If your insurance needs have changed - it's time to speak to a financial adviser about your
insurance needs, click here to have a financial
adviser contact you.
nib was launched in New Zealand in October 2013 after the Australian-based health insurer purchased
Tower Medical Insurance in November 2012. Based in Auckland, the company is New Zealand's
second largest health insurer, currently providing cover to almost 160,000 people across