This product refresh is a response to both broker and client feedback and the ever-increasing complexity of claims in the New Zealand market
NEW ZEALAND, Feb. 13, 2017 -- Chubb announced today substantial updates to its Group Personal Accident (GPA) coverage. Employers in all types of industries can now offer extended cover to employees protecting them against a loss by death or injury.
The refreshed GPA product now features a Visitors Benefit, Return to Work Assistance, cover for Tuition or Advice expenses and Unexpired Memberships, Funeral Expenses and a Superannuation Scheme Contribution Benefit. The policy also offers an optional extension to cover Genitourinary Losses.
The removal of an age exclusion means a level of cover is now offered to people of all ages. All policy holders will benefit from the new features which provide a wide level of coverage to protect organisations and their employees in the event of an accident.
Andrew Brooks, Chubb Country President for New Zealand, said: "This product refresh is a response to both broker and client feedback and the ever-increasing complexity of claims in the New Zealand market."
With a refreshed GPA policy that responds to evolving market requirements, Chubb has reaffirmed its position as the leading provider of corporate Accident & Health products in New Zealand.
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.
Chubb’s operation in New Zealand (Chubb Insurance New Zealand Limited) offers corporate Property & Casualty, Group Personal Accident and corporate Travel Insurance products through brokers. It leverages global expertise and local acumen to tailor solutions to mitigate risks for clients ranging from large multinational companies to local corporates.
Additional information can be found at www.chubb.com/nz.
Robin Moore: +61 2 9335-3343; firstname.lastname@example.org
Chubb Insurance New Zealand Limited
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