Cigna joins redundancy cover freeze
Chief executive Gail Costa said it would defer new applications for a period of three months.
The measure was designed to be temporary. Costa said it was common to get surges of inquiry in situation such as these. Cigna had been considering how Covid-19 could affect it since the outbreak first started to take hold in other countries around the world.
Customers who already had redundancy cover would be able to claim, provided it was after the 180-day stand-down and all terms and conditions were met.
The insurer is also developing a hardship policy for people who are unable to pay their premiums due to the effects of the coronavirus.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[Weekly Wrap] KiwiSaver in play; but outcome unclear](https://goodreturns.publit.io/file/c_fill,w_300,h_200/0ad582e4-c9a3-4692-bbe2-62d928f77fd2.jpg)
![[OBITUARY] Ross Collett: A true insurance adviser legend](https://goodreturns.publit.io/file/c_fill,w_300,h_200/9a311af7-8fb6-4c4a-9018-cd451f6738f7.jpg)
