Life insurance company TAL has partnered with nib to launch a new private health insurance product.
The product will initially be offered through a select group of financial advisers. Advisers will be able to refer customers to the TAL health insurance team at nib.
Customers referred by their adviser will receive a 5 per cent discount on their TAL health insurance cover. In addition, customers who purchase a combined hospital and extras policy prior to 31 January 2019, may also be eligible to receive $200 off their premiums.
TAL chief operating officer, Justin Delaney, said, “Although we are known for life insurance at TAL, health has always been at the heart of everything we do. Over time, we believe that connecting health insurance and life insurance will enable us to better support Australians in preventative health and streamline our customers’ cover.
“TAL is passionate about enabling advisers to support the health and wellbeing of their customers. While advisers already play a vital role in protecting their customers’ financial outcomes, they are also well placed to start new conversations about reviewing their customers’ health insurance needs.
"Many of us often don’t review our cover regularly, and with this offering we have created a very simple way for advisers to help customers assess whether they have the right cover for their needs, while offering a discount when referred by their adviser.”
According to nib group executive, Australian Residents Health Insurance, Rhod McKensey, “It’s a great extension of our successful life insurance referral partnership with TAL and we believe the opportunities created by the new alliance are a natural fit that allow TAL to leverage our expertise and skills.
“We’re excited to continue to build our very strong health insurance white labelling capability through the addition of TAL to our existing group of highly valued partners who share our passion for great customer service."