Insurance

Insurance has a bright future, but needs to change: FSC

Monday 2nd of December 2013

The FSC's annual review shows that New Zealanders were underinsured by $141.918 billion in life cover, $237.641 billion in total permanent disability, $42.411 million in critical illness cover and $1.933 million in disability income protection.

Just 15% have income protection.

The FSC said the insurance sector had a bright future if it could transform into a customer-aligned servi...

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