HCF Broadens Insurance Offering in New Allianz Deal
HCF Broadens Insurance Offering in New Allianz Deal
Previously, HCF had an alliance with Allianz strictly for travel insurance, serving as an agent selling those products.
A recent survey conducted by HCF revealed that a substantial 95% of its members aged 25 and older focus on securing affordable insurance. This insight prompted the addition of home and motor insurance to HCF’s portfolio, designed to provide comprehensive, flexible, and value-oriented coverage.
"Given the current cost-of-living pressures, we understand that consumers are making vital budget adjustments," stated Lorraine Thomas, Chief Operating Officer at HCF. "They might be cutting back on car journeys to save on fuel or working from home more frequently. Our new car and home insurance policies are designed with these changes in mind, offering affordable and customizable cover to adapt to their evolving needs and budgets."
The home insurance options offered by HCF and backed by Allianz encompass buildings, contents, or a combination of both, providing flexibility in coverage. Motor insurance choices include both comprehensive and third-party options, catering to different customer needs.
Dan Tully, Allianz’s GM for consumer partnerships, emphasized that this collaboration reinforces Allianz’s commitment to providing dependable and trustworthy insurance.
"We are thrilled to work with HCF to bring value to their members through tailored insurance solutions. Our goal is to ensure a streamlined and efficient claims process, enabling members to quickly resume daily life, whether at home or on the road," Tully asserted.
According to the 2022-23 review, Hospitals Contribution Fund of Australia (HCF) has around 1.94 million members.
Published:Thursday, 18th Jul 2024
Source: Paige Estritori
Share this news item:
| nib Health Insurance Premiums to Rise by 5.79% in 2025 05 Jan 2026: Paige Estritori nib holdings limited has announced an average increase of 5.79% in health insurance premiums, effective from 1 April 2025. This adjustment reflects the insurer's response to escalating healthcare costs and heightened utilisation of medical services. - read more |
| Enhancing Digital Integration: ADHA's Plan for Allied Health Professionals 05 Jan 2026: Paige Estritori The Australian Digital Health Agency (ADHA) has introduced the National Allied Health Digital Uplift Plan, a strategic initiative designed to bolster the digital capabilities of allied health professionals across the nation. This plan aims to facilitate seamless sharing of health information among practitioners, patients, and multidisciplinary care teams, thereby enhancing the quality and efficiency of patient care. - read more |
| Strengthened Legal Safeguards for Whistleblowers in the Health Sector 05 Jan 2026: Paige Estritori Recent amendments to the National Law have introduced robust legal protections for whistleblowers within the health sector, marking a significant advancement in promoting transparency and accountability. These changes criminalise any form of retaliation against individuals who report misconduct, including the use of non-disclosure agreements (NDAs) to suppress such disclosures. - read more |
| AUSactive and Private Healthcare Australia Join Forces to Enhance Preventive Health Coverage 05 Jan 2026: Paige Estritori In a significant move towards integrating fitness services into health insurance coverage, AUSactive has partnered with Private Healthcare Australia (PHA) to drive reforms in the private health insurance sector. This collaboration seeks to expand access to evidence-based preventive health services, including Pilates, Yoga, Tai Chi, and structured exercise programs delivered by accredited professionals. - read more |
| Understanding Life Insurance: How to Determine Coverage Amounts Life insurance is a cornerstone of financial planning, offering peace of mind to you and security for your loved ones. It's a contract between you and an insurance company: in exchange for regular premiums, the insurer agrees to pay a sum of money to designated beneficiaries upon your passing. This vital tool ensures that your family's financial needs can be met during an incredibly difficult time. - read more
|
| Income Protection Insurance for Personal Trainers: What You Should Know Imagine waking up to find you're unable to work for an extended period due to an unexpected injury. For personal trainers, whose livelihood depends on their physical ability, this scenario can be both financially and emotionally daunting. - read more
|
| 5 Tips to Save on Health Cover as an Australian Senior Finding the right health insurance coverage is a critical concern for Australian seniors, who often face the dual challenge of managing chronic health conditions and maintaining financial stability in retirement. As the cost of healthcare continues to rise, the importance of securing an affordable health cover that still meets their needs cannot be overstated. - read more
|
| Life After You: Planning Ahead With Quality Life Insurance for Your Family Life insurance is a fundamental component of a robust financial plan, yet its significance is often underestimated. It serves as a safety net, ensuring that your loved ones are financially secure in the event of your absence. Understanding life insurance is the first step towards safeguarding your family’s future. - read more
|
The amount it would cost to replace or rebuild an insured asset with one of similar kind and quality, without depreciation.