Product Innovation – Adviser Thumbs Up

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There’s already enough flexibility built into NZ life insurance products to accommodate the needs of the vast majority of my clients.

  • Agree (66%)
  • Disagree (30%)
  • Not sure (4%)

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Results from our latest poll indicate that a hefty proportion of advisers feel there’s enough flexibility within the current range of life insurance products available to Kiwi advisers and their clients.

As we go to press, just over seven in 10 (71%) of respondents to our latest poll agree with the proposition there is enough flexibility built into NZ life insurance products to accommodate the needs of the vast majority of their clients.

But just under a third (29%) disagreed and, interestingly, no advisers were ‘not sure’.

Our poll arose after the recent release of Chubb Life’s new Moderate Trauma Cover option with the insurer noting it has expanded its range of trauma insurance solutions to offer more flexibility for customers and meet their evolving needs.

As we reported, Chubb’s GM Strategy and Marketing, Simon Tohill, says its new offer is “…giving customers greater choice in how they structure their protection to suit their needs and budget.” (See: Chubb Launches New Trauma Offer.)

We asked if this initiative, intended to address areas including choice, flexibility and affordability, is an example of product innovation you’d like to see occur more regularly?

Our poll is open for another week and we’d be interested to know your thoughts…