News

A look into the size of the hole smoking can burn in your back pocket when it comes to health insurance
2015-05-01

Smoking will typically increase the amount you pay for health insurance by just under 20%.
Most health insurers increase their premiums by between 16% and 20% to account for the higher likelihood of smokers experiencing costly health problems compared with non-smokers.
Interest.co.nz has compared premium prices between seven insurers, for basic health cover, with an excess of $500.
In the study, aimed at providing a simple snapshot of how much being a smoker can cost you, interest.co.nz has used the profile of a single male aged 25, 35, 45, 55 and 65.
Findings show most insurers take a similar approach, formulating a pricing structure to accommodate for the...

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Competition for housing in Wellington frustrating for buyers
2015-04-24

The Wellington property market is perking up, with a rapid rise in the number of homes sold, and prices are ticking up after a flat patch.
The median price in the Wellington region increased by 5.3 per cent on last year, which equated to about $21,000, according to latest Real Estate Institute figures out on Tuesday.
Agents say the market is as busy as they have even seen it, and in some cases many buyers are after the same property.
In March, house sales volumes were up almost 20 per cent on the same month last year, REINZ figures show.
As competition for property in Wellington heats up, the process of buying a home is proving frustrating for many.
Five...

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Statistics on Insurance Claims in New Zealand
2015-04-23

Insurance claims statistics in New Zealand are available for all lines of insurance, from life and health to income protection and mortgage repayment insurance. According to the Insurance Council of New Zealand, which represents the general insurance and fire insurance industry in the country, an estimated $2 billion in claims are paid out in a typical year. But let’s delve deeper into more specific lines of insurance.
Personal Insurance Claims Statistics
As a whole, New Zealand personal insurance companies paid out millions of dollars in claims under their income protection, critical illness, trauma, total permanent disablement (TPD) and life insurance policies.
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