AIA NZ offers more support to advisers

AIA NZ continues to support advisers and their businesses with the release of a small business support package.

Thursday, October 28th 2021, 2:51PM

The offer comes hot on the heels of the insurer’s one-month premium waiver promotion for business applied for in September and October.

The small business support package offers advisers an additional 10% basic initial commission on AIA Living applications placed using eApp between November 1 and January 31, 2022.

To support AIA’s digital-first proposition and encourage advisers to do business with AIA online, this offer is in addition to the current 10% basic initial commission offered for using eApp meaning advisers can receive an additional 20% if using eApp to place eligible business during the campaign period.

“We understand the recent Covid-19 restrictions have significantly impacted economic activity and continue to create business continuity issues for many New Zealand advisers,” says AIA NZ's chief partnership insurance officer Sam Tremethick.

“This is on top of an already challenging year for many. We know cash flow issues are a challenge for a number of advisers, particularly those in the Auckland and Waikato regions, and this may be impacting mental health and overall wellbeing.

"We want to continue to offer AIA’s support and to ensure advisers remain fit for business.”

Like many small businesses in New Zealand, advisers have been doing it tough.

According to the Xero Small Business Index New Zealand August 2021 report, the index fell 19 points after the entire country was put into Alert Level 4 in August 2021.

"Our aim for the small business support package is to give advisers some much-needed additional cash flow, so they can focus on doing what they do best - providing the best advice and protection for their customers,” Tremethick says.

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