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:
| TAL's Health Sense Plus Now Covers Income Protection Policies 19 Jan 2026: Paige Estritori In a significant development for policyholders, TAL has expanded its Health Sense Plus program to encompass income protection (IP) policies. This initiative, effective from August 8, 2025, aims to incentivise proactive health management by offering premium discounts to clients who engage in preventative health checks. - read more |
| New Legislation Prohibits Life Insurers from Using Genetic Test Results 19 Jan 2026: Paige Estritori The Australian government has enacted legislation prohibiting life insurers from using the results of genetic tests to refuse coverage or increase premiums. This landmark decision aims to eliminate genetic discrimination and encourage individuals to undergo potentially life-saving genetic testing without fear of financial repercussions. - read more |
| Markel Insurance Expands into Australian Marine Market with New Leadership 19 Jan 2026: Paige Estritori Markel Insurance has announced the appointment of Tim Wills as Head of Marine for Australia, marking a significant expansion into the country's marine insurance sector. Based in Sydney, Wills will spearhead the introduction of Markel's marine products, starting with marine cargo insurance. - read more |
| Pelagic Risk Services Strengthens Marina Support with Gold Sponsorship 19 Jan 2026: Paige Estritori Pelagic Risk Services, a specialist marine insurance broker, has elevated its commitment to the marina industry by upgrading from Silver to Gold Sponsorship with the Marina Industries Association (MIA). This move underscores Pelagic's dedication to supporting marinas across Australia through enhanced financial contributions and the provision of exclusive risk management resources. - read more |
| How to Choose the Right Income Protection Policy as a Beautician Welcome, beauty professionals, to a discussion that could significantly impact your financial future—income protection insurance. As a beautician, your hands-on work is your livelihood, making it imperative to safeguard that income against unforeseen circumstances. - read more
|
| Income Insurance Claims 101: How to Get Paid Without the Stress Welcome to 'Income Insurance Claims 101', where we navigate the ins and outs of securing your financial wellbeing in uncertain times. As a working Australian, one of the smartest moves you can make is safeguarding your income against unforeseen events that could leave you unable to work. That's where income protection insurance enters the scene – it's not just a policy, it's peace of mind. - read more
|
| How Pre-Existing Conditions Influence Life Insurance Premiums When it comes to life insurance, a pre-existing condition refers to any medical condition or illness that you have been diagnosed with before applying for a life insurance policy. - read more
|
| How Much Life Insurance Do I Need? There are many different reasons to purchase life insurance (generation skipping tax, estate plan, estate preservation, surviving spouse needs, planning for your children's future and more). There is no right amount of life insurance, but here are some guidelines that might help you decide how much life insurance you need. - read more
|
The reduction in the value of an asset over time, used in insurance to calculate the actual cash value of property.