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OnePath and nib - it's Official

The Reserve Bank of New Zealand has approved the sale of OnePath's medical insurance business to nib NZ Limited. This from OnePath on the news: 

From the 1 December 2015, nib is the insurer for all medical policies, although our OnePath Life team will continue to manage the day-to-day operations of the medical business for nib for around six months to ensure a seamless transition for customers. As a result of this, OnePath Major Medical Cover and OnePath Major Medical Guaranteed Insurability Cover is no longer available to new business.

OnePath has asked Quotemonster to remove medical premium rates from QuoteMonster (and the Premium Comparison Tool, for institutional providers) as well as any policy wordings and/or marketing collateral for the products above. Quotemonster will do that. 

Several advisers have already asked us whether Quotemonster will quote OnePath and nib together. We think that would be a good service to offer, and Quotemonster does provide a similar facility for Fidelity and nib. However, there are decisions to be made about exactly how it works, how brands are treated, and there is some programming work to be done. Quotemonster will be discussing that with nib and OnePath when they are ready - so it is likely that there will be a bit of a gap during which you may need to quote them separately. 


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