TUESDAY, 16 JULY 2024: HCF, Australia’s largest not-for-profit health fund, today announced the expansion of its insurance offerings with new Home and Motor Insurance products in partnership with Allianz, one of Australia’s most established insurers.
HCF now provides a broad range of home and car insurance options designed to deliver comprehensive coverage, flexibility, and value.
HCF Chief Operating Officer Lorraine Thomas said, “Our launch of the new Home and Motor range represents a continued focus on delivering more value for HCF members through high-quality products, to suit their budget and lifestyle needs and help them safeguard against the unexpected.”
A recent national survey of over 1,000 Australian insurance policyholders, conducted on behalf of HCF, underscores the critical need for affordable insurance solutions and a strong demand for flexibility.
The survey revealed that 95% of Australians aged 25 and older prioritise affordable insurance coverage, with 91% of respondents stressing the importance of insurance products that can adapt to changing circumstances.
Additionally, nearly four in five respondents (78%) expressed the importance of bundling multiple insurance products with the same provider.
“We know amid cost-of living pressures consumers are making necessary budget decisions such as cutting back on car journeys to save on fuel and working more days a week from home. The new car and home products prioritise affordability and value for our members, giving them the ability to tailor their cover as their needs and budgets change,” said Ms Thomas.
And these new additions offer members the ease and convenience of managing all their insurance needs – from health, life, travel and pet, to home and motor - under one roof – reinforcing HCF’s commitment to offering a holistic suite of insurance solutions.
“We’re delighted to expand on our partnership with Allianz to deliver these new products, giving our members the peace of mind and convenience of managing all their health and insurance needs with HCF,” Ms Thomas said.
Additional offers are available for HCF members with existing policies, offering even greater value and making it easier for members to cover their homes and vehicles.
Dan Tully, General Manager Consumer Partners at Allianz Australia added, “This collaboration with HCF underscores our shared commitment to delivering trusted and reliable insurance solutions to Australians.
“We’re excited to work together to create value for HCF members through tailored insurance solutions and a dedicated and seamless claims experience that helps members get back on the road or in their homes quicker,” Mr Tully said.
HCF’s Home Insurance covers buildings, contents, or combined building and contents, with flexible options to tailor coverage.
HCF’s Motor Insurance includes comprehensive and third-party insurance options, ensuring members have the cover they need for their vehicles.
For more information on HCF’s new insurance products~ and to perform your quick three-minute check, visit hcf.com.au/car and hcf.com.au/home.
ENDS
EDITOR’S NOTE
The study was conducted online by YouGov in collaboration with HCF, comprising a nationally representative sample of over 1,000 Australians aged 25 and older, between 18 – 25 June, 2024. Following the completion of interviewing, the data was weighted by age, gender and region to reflect the latest ABS population estimates.
IMPORTANT INFORMATION
The Hospitals Contribution Fund of Australia Ltd ABN 68 000 026 746 AFSL 241414 (HCF) arranges Home and Contents Insurance and Motor Insurance as agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708 (Allianz). HCF and Allianz do not provide any advice based on any consideration of your objectives, financial situation or needs.
~Policy terms, conditions, limits, applicable sub-limits and exclusions apply. Before making a decision in relation to Home and Contents Insurance, please consider the relevant Home and Contents Insurance Product Disclosure Statement (PDS), any applicable supplementary PDS, the Home Buildings or Home Contents Key Fact Sheets and the Financial Services Guide. The relevant Target Market Determination is available by calling 1300 657 046.
Before making a decision in relation to Motor Insurance, please consider the relevant Motor Insurance Product Disclosure Statement (PDS), any applicable supplementary PDS and the Financial Services Guide. The relevant Target Market Determination is available by calling 1300 657 046.
Key Facts:
A recent national survey of over 1,000 Australian insurance policyholders, conducted on behalf of HCF, revealed:
· 95% of Australians aged 25 and older prioritise affordable insurance coverage
· 91% stressed the importance of insurance products that can adapt to changing circumstances
· Nearly four in five (78%) expressed the importance of bundling multiple insurance products with the same provider
About us:
ABOUT HCF
HCF, Australia’s largest not-for-profit health fund protecting Australians since 1932, covers almost 2 million members with health and life insurance, and travel and pet insurance. HCF has been awarded Outstanding Value Health Insurance by Canstar eight years in a row from 2016-2023. On average over the last ten years, HCF has paid out more cents in every dollar in premiums to members as benefits than the industry average. To learn more about HCF go to hcf.com.au/about-us
Contact details:
Joni Thomes 0475 576 738 or [email protected]