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:
| Surge in Mental Health Claims Reshapes Australia's Insurance Landscape 02 Dec 2025: Paige Estritori Australia's insurance industry is experiencing a significant shift as mental health conditions have become the leading cause of total and permanent disability (TPD) claims. Recent data from the Council of Australian Life Insurers (CALI) indicates that mental health issues now account for nearly one-third of all TPD claims, marking a substantial change in the industry's claim patterns. - read more |
| Australian Insurance Premiums See Notable Decrease 02 Dec 2025: Paige Estritori Recent data indicates a notable decline in life and income protection insurance premiums across Australia, providing consumers with more affordable coverage options. According to the latest Direct Life Insurance Report from Rainmaker Information, direct life premiums have decreased by 7% since 2024. Similarly, direct income protection premiums have seen significant reductions, with average premiums for waiting periods of 30 days and 90 days decreasing by 12% and 13%, respectively. - read more |
| TAL's Health Sense Plus Now Covers Income Protection Policies 02 Dec 2025: 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 |
| Northern Australian Marinas Appeal for Government Support Amid Escalating Insurance Costs 02 Dec 2025: Paige Estritori Marina operators across Northern Australia are sounding the alarm over surging insurance premiums, with some reporting increases exceeding 300% in recent years. This financial strain is prompting urgent calls for government intervention to ensure the sustainability of the industry. - read more |
| Income protection insurance It's trite but true to say that, for most people, their most valuable asset is their ability to earn an income. But how relevant is income insurance to most Australians? - read more
|
| Top 5 Financial Tips for Australian Young Families Starting a family is one of life's most rewarding experiences, but it also comes with a unique set of financial challenges. For young families in Australia, where the cost of living can rise quickly, having a solid financial plan is crucial. Financial planning is not just about managing money; it's about creating a sense of security and peace of mind for your loved ones. - read more
|
| Common Mistakes to Avoid When Comparing Life Insurance Policies Choosing the right life insurance policy is one of the most important decisions for Australians, especially for those who are middle-aged or older. Life insurance provides financial security for your loved ones in the event of your passing, ensuring that they are not burdened with financial hardships. - read more
|
| Making Sense of Income Protection Insurance: A Must-Read Comparison for Australians When life throws unexpected challenges our way, the assurance of financial stability can be a beacon of hope amidst the uncertainty. For many Australians, income protection insurance is that beacon, safeguarding their livelihood and providing a crucial safety net when they need it most. It's more than just a policy; it's a strategic step towards longer-term peace of mind. - read more
|
An insurance that provides cover for liability incurred in the course of exercising a profession.