NZ’s Southern Cross offers premium discount to elderly customers

Faced with a flood of policy resignations, especially from long standing elderly clients in response to increased premiums, New Zealand’s largest health insurer, Southern Cross, has announced loyalty discounts for people over the age of 65. However,the discounts will not come into effect for a year while single year age bands, which will substantially increase premiums for the elderly, will be announced in July. The insurer has also agreed that the single year age bands will stop at the age of 64.