ANZ Wealth launches active lifestyle pilot

ANZ/

26 July 2017
| By Malavika |
image
image
expand image

ANZ Wealth has launched a pilot program to reward active lifestyles among OneCare customers in a bid to address the growing number of claims and its impact on premiums.

The firm has launched its OnePath Steps Challenge, a 90-day pilot program where selected participants can use their wearable fitness device or mobile phone fitness application to tract their steps.

Customers who walked a minimum of 10,000 steps a day for 10 days would receive a WISH e-gift card.

ANZ head of life insurance, Gerard Kerr, said: “By encouraging more customers to live an active, healthy lifestyle, we hope to address the industry challenge of increasing numbers of claims and the impact that has on premium affordability”.

He added clients were telling advisers affordability was often a reason why people overlooked insurance cover.

ANZ Wealth said it was also exploring other initiatives besides this pilot program to encourage healthy behaviours, which would also include trialling individual health coaching and well-being professionals.

The program commenced on 21 July with around 3,000 participants.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 3 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks 2 days ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND