TAL launches health discounts for clients
TAL has announced an initiative that provides lifetime insurance discounts to clients who think sensibly about their health.
The life insurance company has launched TAL Health Sense: Fit for Life, which would provide an automatic discount of 7.5 per cent for clients who meet certain body mass index requirements, and up to 15 per cent with bundled products.
TAL general manager, retail distribution, Niall McConville, said the program would allow advisers to find a link between their client's financial fitness and their physical and emotional fitness.
"We want advisers to be able to have meaningful conversations with their clients about the benefits of good health. Clients don't need to sign-up, pay, track or record to get access to the Heath Sense discount. It is a policy for life and there is no need for annual check-ups," he said.
The move follows a similar program launched by AIA Australia in March 2014, called AIA Vitality, which uses behavioural economics research and incentives to promote health among clients.
TAL has partnered with The Body-Brain Performance Institute executive performance coach, Paul Taylor, to provide insights around the issue. Taylor is an exercise physiologist, nutritionist and neuroscientist.
He will feature in upcoming TAL roadshows.
AUTHOR
Malavika Santhebennur
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