New health insurance scheme
14 Dec 2017
A new health insurance scheme has been launched, targeting people who have no health insurance.
While many people have home, car and contents insurance, about 70 per cent of New Zealanders have no health insurance.
Fairfax Media, owner of Stuff, and nib, New Zealand's second-biggest health insurer, have joined to launch Done, an online-only product with quoting tools for customers to decide which cover they want.
"We believe there is a real opportunity for private health insurance to help reduce the ever increasing health cost burden on the Government by helping facilitate access to healthcare for Kiwis," said nib chief executive Rob Hennin.
The health insurer said it had already partnered with AA Health in New Zealand, as well as Qantas and Suncorp in Australia.
About 30 per cent of Kiwis have no life insurance.
Done offers Everyday Cover and Hospital Cover and nib would act as underwriter.
The partnership follows others for Fairfax including Neighbourly, Stuff Fibre, Energyclubnz and, most recently, Stuff Pix.
"We are committed to creating new businesses and services that we know Kiwis will value and we're open to talking with other businesses about opportunities where we can partner to leverage our competitive strengths," Fairfax Media chief executive Sinead Boucher said.
Done was an example of the publisher's commitment to find new ways to fund journalism in New Zealand by partnering with industry experts and leveraging the marketing strength Fairfax's audience brings, Boucher said.
"We think offering comprehensive and cost effective health insurance is another way we can service our monthly audience of 3.4 million New Zealanders."