New Kiwi/UK life insurance policy

Mon, 21 May 2007

Pinnacle Life, the leading specialist life insurance provider in New Zealand have launched what they claim is a pioneering new website allowing international customers to buy cover online. The policies are effective immediately, backed up by an electronic underwriting procedure.

The Kiwi life insurance cover is available to New Zealanders both home and abroad, in selected countries. These include Australia, USA and the UK .

The senior partner of Pinnacle Life, and man behind the new venture, Ed Saul, reportedly commented: "We’re giving consumers a quicker and easier way to buy life insurance . Instead of submitting an application form and waiting days for a policy to be approved and issued, we do it online and we do it immediately. The revolutionary website gives consumers complete control over the buying process whilst eliminating the previously obligatory involvement of people and paper. This is a global test case eagerly watched by the insurance industry around the world."

The process is fully electronic, and customers receive their policy instantly. Instantly underwritten life assurance cover is, therefore, a possibility in this day and age.
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