Cigna New Zealand has a new option for eligible graduates and newly-qualified professionals to make the process of applying for insurance easier.
A statement from the insurer says eligible graduates and newly-qualified professionals taking out cover through an adviser can now access lump sum Life, Trauma, Complete Disablement Cover and Agreed Value Income Protection Cover up to a maximum level, without the need for the usual supporting financials.
Cigna Chief Operating Officer Debbie Eyre says that typically newly-qualified professionals starting out in their career have good starting incomes, but don’t yet have the required two-years of supporting financials to support an application to protect this.
The ‘new professionals option’ is for customers starting out in roles such as doctors, vets or solicitors. They must have appropriate accreditation or registration and be working more than 30 hours a week.
Eyre says the company is excited to introduce this “market-leading” option to support the next generation of Kiwi professionals.
“Advisers with new or existing customers currently studying or recently qualified are encouraged to consider whether this option is suitable for them.”
To take up the new option, advisers complete a quote and application as per the usual process.
“When you enter your customer’s occupation and employment details in the Cigna eApp, you’ll automatically be prompted with tailored questions. Advisers submitting paper applications will need to notify their underwriter that they are applying for this option,” Eyre says.
Eligibility criteria applies. Click here for more information.