Group Insurance

What is group insurance?

Group insurance covers the employees of a company. Here at Policywise we specialise in putting together employee insurance programmes for Health, Life, Income Protection and Trauma covers. These help companies like yours to reduce the financial burden on staff and their families. 

We are NZ local, extremely dedicated and effective at what we do. We work with all of the most respected and well established insurance providers in NZ. The companies under our management report a big increase in staff satisfaction as a result of our services. 

Only 28% of New Zealanders have Health Insurance. This has huge repercussions for companies when serious events arise, especially with the large wait times (6 to 12 months on average to see specialists) for the public health sector. We can help alleviate this for your workforce.

For example, for as little as $15 per week per staff member, you can get an insurance programme covering all pre-existing conditions instantly, which means any staff currently suffering from sickness or illness could get treated via the private system almost instantly and have it all paid for.

What is the value for a company to invest in a staff insurance programme?

• Improved team performance
• Increased employee productivity
• Higher employee retention and lower turnover rates
• Greater chance of achieving team objectives
• Lower absenteeism
• Less workplace stress and lower risk of burnout
• Can make the difference with staff recruitment
• Boost remuneration packages – helping to attract and retain top employees.
• Help employees access insurance cover that they might not be able to afford.
• Provide financial support when it’s needed most - at times of serious illness, injury or death

Employee Insurance can include

Health Insurance

Health insurance allows you to access private hospital treatment, so you won’t need to go on a public hospital waiting list. This is a type of cover that will protect you and your staff when an unexpected medical situation arises, or there are ongoing costs related to a health condition. It typically covers surgical, medical, diagnostic and other health-related expenses. 

Income Protection

If sickness or injury restricts your employee from working, Income Protection will provide a monthly benefit. There are two options to choose from - loss of earnings or indemnity cover. Both include rehabilitation and retraining and a wide range of support benefits to help people get back to full health and work quickly.

Life Cover

This provides a lump sum of money if an employee passes away or becomes terminally ill. A funeral advancement payment of up to $15,000 means a portion of cover can be paid out quickly to help with immediate costs.

Trauma Cover

A lump sum will be paid if your employee experiences one of the medical conditions or surgical procedures covered by the policy. This includes covering the most frequently claimed medical events, which are cancer, heart attack and stroke.

Total and Permanent Disablement Cover (TPD)

If your employee is totally and permanently disabled (likely never to work again), a lump sum will be paid by the insurer to the beneficiary with TPD cover. This can help with modifications to the staff member’s home, pay for family to be closer, or for additional help. 

How much information do I need to provide to get a quote?

In order for us to provide accurate quotes, we require some information on your workforce as follows.

Group Health insurance quotes - all we need is the following:

Name (Optional)
Date of birth
Gender

For quotes on Life, Trauma, Income Protection, Total and Permanent Disability we need the following:

Name (Optional)
Date of birth
Gender
Salary
Occupation