STCI reports increase in policies for New Zealanders working overseas

STCI reports increase in policies for New Zealanders working overseas | Insurance Business New Zealand

Insurance News

STCI reports increase in policies for New Zealanders working overseas

More New Zealanders leaving the country for offshore opportunities

Insurance News

By
Abigail Adriatico

Southern Cross Travel Insurance (SCTI) has found that there was an increase in its policies for New Zealanders working overseas as there was a growth in the number of people leaving New Zealand, while the number of people arriving in the country to replace them has fallen.

“We’ve had extraordinary growth in policy sales for New Zealand travellers heading overseas on holiday – in fact, we’ve just hit a record high,” said Jo McCauley, CEO of SCTI.

McCauley also pointed out the steady growth seen in the insurer’s Working Overseas policies – STCI’s offering for New Zealanders who were working abroad for an extended period.

“It’s clear to see how policy sales have been trending up in line with what we are hearing about New Zealanders seeking new opportunities offshore,” said McCauley.

McCauley said the Working Overseas policy reflected the difference between living overseas and going on a holiday or visiting family and friends.

“It’s incredibly important to understand that even in countries like Australia and the UK where New Zealanders enjoy reciprocal rights for some healthcare, depending on the length of their stay, they may not be covered for the same things they may access ‘at home,’” said McCauley.

McCauley counseled caution for New Zealanders travelling and working abroad.

“Don’t take unnecessary risks. It’s just not worth it, especially when a policy from a reputable brand like SCTI can offer comprehensive support,” said McCauley.

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