ANZ expands OneCare insurance offerings
New offerings from ANZ’s OneCare insurance will allow advisers to provide insurance choices with more cost-effective measures to increase accessibility for customers who are being pushed out of the system by high premiums, according to head of life insurance, Gerard Kerr.
The severity trauma cover would offer a three-tiered payment structure to increase options to better align with customer needs.
“A mismatch can arise between the financial support a customer receives and what they really need,” Kerr said.
“This mismatch is pushing up premiums and making cover less affordable for many Australians, which is why a tiered benefit structure increasingly makes sense to some customers.”
The newly-released income secure essentials would support the return to work process for customers undertaking rehabilitation and also form part of ANZ’s OneCare offerings.
Commenting on its release, Kerr said: “There’s a growing body of evidence to suggest that returning to work can actually play an important role in your return to health.”
“These new covers are a really positive step toward providing advisers and customers with more affordable life insurance choices.”
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