News that an insurer will trial premium discounts for those with specified pre-existing health conditions attracted strong reader interest this week…
Fidelity Life has announced the pilot of a premium discount offer it positions as a first in the New Zealand market.
Simple in concept, this proposition offers a discount to clients whose new business submissions have attracted an exclusion.
Included as one of the 19 announcements made by Fidelity Life at last week’s Engage 24 conference in Auckland (see: 19 Announcements Mark Fidelity Life Re-emergence), the initial programme extends to the insurer’s trauma insurance offer, where a 10% premium discount will apply to proposing lives whose new business applications have had exclusions applied to the following conditions:
- Colorectal cancer
- Breast cancer
- Prostate cancer
The pilot programme will commence later this month, with the insurer noting it will provide further details around this offer in the coming weeks.