{"id":11593,"date":"2011-07-27T12:51:57","date_gmt":"2011-07-27T02:51:57","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=11593"},"modified":"2021-04-15T10:17:36","modified_gmt":"2021-04-15T00:17:36","slug":"new-direct-insurance-offer-fills-a-gap","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2011\/07\/27\/new-direct-insurance-offer-fills-a-gap\/","title":{"rendered":"New Direct Insurance Offer &#8216;Fills a Gap&#8217;"},"content":{"rendered":"<p>ANZ has launched a direct insurance offer for the over fifties sector that it says will fill a gap in the market.<\/p>\n<p><!--more-->The offer, ANZ 50+ Life Cover,\u00a0comprises a level premium life\u00a0insurance product\u00a0the company says is intended to meet immediate expenses on the death of the policy holder such as funeral costs, credit card balances and utility bills.<\/p>\n<p>The level premium cover can be up to $15,000 and requires no medical tests or health questions.\u00a0 Other features include:<\/p>\n<ul>\n<li>Option of capped premiums &#8211; the maximum a policyholder pays will never exceed the total benefit paid<\/li>\n<li>Standard premium option &#8211; payments cease on the policy anniversary after insured&#8217;s 90th birthday, but client remains covered for life<\/li>\n<li>Up to $30,000 for accidental death after one year<\/li>\n<li>Premium payment pause available for up to three months during the policy period<\/li>\n<li>Life benefit is generally paid within\u00a0two business days<\/li>\n<\/ul>\n<p>OnePath General Manager, Insurance, <strong>Gavin Pearce<\/strong>, said: &#8220;ANZ 50+ Life Cover fills a gap in the market &#8211; affordable funeral and immediate post death expense cover, where premiums do not go up year on year.<\/p>\n<p>In supporting this initiative, Mr Pearce says he believes &#8220;The increasingly \u2018time poor&#8217; nature of our lives will lead to further growth in the direct market.&#8221;<\/p>\n<p>This direct-to-consumer product can be accessed online or over the phone.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ANZ has launched a direct insurance offer for the over fifties sector that it says will fill a gap in the market.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-11593","post","type-post","status-publish","format-standard","category-products"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/11593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=11593"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/11593\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=11593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=11593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=11593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}