Good health pays off for Asteron customers
Being healthy will soon pay off for Asteron customers in the form of up to 20 per cent off their insurance premium.
The Healthy Plus Option will give Asteron Lifeguard policyholders significant premium reductions if they meet certain criteria.
Asteron general manager Jordan Hawke said this benefit would give Asteron advisers a retention rate that is hard to compete with.
"Our research reveals that a primary customer consideration is finding an insurer that cares beyond the premium," Hawke said.
"I'm proud of Asteron's ongoing commitment to playing a larger role in the lives of our customers, providing extra benefits to help them get healthy and maintain good health," he added.
The 20 per cent discount will apply immediately and can be continued for the life of the policy simply by reporting health measures annually.
Even if customers choose not to resubmit reports, their discount will only be reduced by 1 per cent annually and they are guaranteed a minimum ongoing discount of 10 per cent.
AUTHOR
By McIntyre
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
