Cigna announces multi-benefit discount on new policies
Cigna has announced a multi-benefit discount affecting new policy customers
Tuesday, September 15th 2020, 2:51PM 
2 Comments
Cigna New Zealand has announced today a new multi-benefit discount on its comprehensive Assurance Extra product range for customers looking to take out new cover.
From 15 September until early next year, customers may be eligible for a discount of up to 7% when they purchase $200,000 of Life Cover and one or more additional qualifying benefits.
Cigna New Zealand Chief Executive Gail Costa says “The role that good financial advice plays in protecting New Zealanders has never been more important. We want to support families across New Zealand who’re looking for sustainable, quality insurance solutions.”
This offer follows the recent release of a range of enhancements which include new rates for our Life Cover and Trauma Cover, revised non-medical limits, a new online quote tool and plain English wording across the Assurance Extra product range.
The multi-benefit discount is available to customers on policies issued before 31 January and may increase as additional qualifying benefits are purchased.
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Comments from our readers
I think the bean counters / accountants add up the premiums. I think it is actuaries who do the multiplication and calculate prices following instructions / orders from the bean counters that the profit is not enough. The poor sales team have to find a way to justify - they cannot even do that nicely over a coffee at the moment of course.
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The PR teams have been busy spinning the price rises elsewhere. I thought people were living longer so others increasing life cover prices by up to 6 per cent this week Is hard to to explain. Maybe one of the accountants could explain how their pricing works.