Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

New calculator helps make good insurance decisions

Media release 14 October 2009

New Sorted calculator helps New Zealanders make good decisions about insurance

New material just launched on Sorted.org.nz aims to help New Zealanders work out their insurance needs, particularly the one third who say they don’t know enough about insurance to make informed decisions.

Retirement Commissioner Diana Crossan says protecting yourself through insurance is an important part of taking control of your life and finances.

“We recently asked New Zealanders if they feel they know enough about insurance to make good decisions about buying or cancelling policies. More than 30 per cent said they didn’t. That’s a worry because insurance is a way to protect you and your family from financial loss if the unexpected happens.”

The Retirement Commission survey also shows that even during the recession, the vast majority of New Zealanders with insurance haven’t decreased their amount of cover.

Only 4 per cent of New Zealanders surveyed had decreased the amount of cover over the past year, and only half of those had done so because they could no longer afford all the policies. Nearly a quarter of New Zealanders had increased their cover.

“Getting the right amount of cover is a very personal thing. It depends on how much risk you are prepared to carry, what assets you want to insure, whether or not you have dependants and how much you can afford in premiums.

“We have developed an insurance calculator that allows people to factor in their own personal circumstances so they can work out what cover is right for them. It includes insurance options from house and contents, vehicle, life and health, and income and debt protection,” said Diana Crossan.

“This is the first time New Zealanders have had access to a free and independent insurance calculator.”

People with no insurance can work out what they might need and what it will cost, and those with insurance can check if their current cover and what they’re paying is appropriate.

A new booklet, “Insurance – Protecting what’s important to you” - is also available from sorted.org.nz/ordering or by calling 0800 SORT MONEY (767 866).

www.sorted.org.nz/calculator/insurance

Below: Results of Retirement Commission insurance survey

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why New Zealand Needs To Change Its Defence Habits


In a flashback to the military displays of days gone by, one of our frigates recently joined a Carrier Strike show of force in the South China Sea, en route to a joint military exercise in Singapore with our traditional allies, called BersamaGold21. Reportedly, Anna Powles, from the Centre of Defence and Security Studies at Massey University felt this to be a case of us doing our bit to uphold international law, and the right of free transit through the region in question... More>>

Government: New COVID-19 Protection Framework Delivers Greater Freedoms For Vaccinated New Zealanders


Vaccinated New Zealanders will regain everyday freedoms when the country moves to a new simplified COVID-19 Protection Framework that doesn’t rely on nationwide lockdowns as the main measure to stop the virus spreading. In a suite of announcements that establish a pathway out of restrictions the Government is also providing up to $940 million per fortnight to support businesses through the challenging period... More>>

ALSO:





 
 


Government: Responds To Independent Review Into WorkSafe

The Government has clear expectations that WorkSafe must action the recommendations of the independent review into the regulator to improve its management of adventure activities following the tragedy at Whakaari White Island, Workplace Relations and Safety Minister Michael Wood says... More>>

Government: New Zealand Secures Historic Free Trade Deal With The United Kingdom
New Zealand and the United Kingdom have agreed in principle the details of a historic Free Trade Agreement (FTA), which will further accelerate our COVID-19 economic recovery say Prime Minister Jacinda Ardern and Minister for Trade and Export Growth Damien O’Connor... More>>

ALSO:

Ombudsman: Launches Investigation Into MIQ Booking System
The Chief Ombudsman Peter Boshier is launching a broad investigation into the Managed Isolation and Quarantine (MIQ) booking system after receiving hundreds of complaints... More>>

ALSO:


Pay Cheque To Pay Cheque: Half A Million New Zealanders Have No Savings
New findings from the Consumer NZ sentiment tracker found that 15% of New Zealanders had no savings, and a further 27% were anxious about their level of savings and would like to have more tucked away... More>>


Government: Mandatory Vaccination For Two Workforces

Large parts of two workforces critical to preventing the spread of COVID-19 will be required to be vaccinated, COVID-19 Response Minister Chris Hipkins said today. “Our education and health and disability workforces have done an incredible job throughout this pandemic to keep themselves and people safe,” Chris Hipkins said.... More>>


Green Party: Deeply Concerned Space Launches May Be Breaching Nuclear-free Laws

The Green Party is deeply concerned that space launches by Rocket Lab may be breaching nuclear-free laws, given our long-standing position as a signatory of the Nuclear Non-Proliferation Treaty... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels