Sovereign partners with the Airpoints™ programme
When Sovereign and AIA joined forces, one of our promises was to deliver the best opportunities for our people, the best service for our partners and the best products for our customers.
We’ve already had great success over the past few months delivering several initiatives that have demonstrated and delivered to the strength of our combined entity. Today, I’m excited to announce yet another step forward on this path.
From 30th November 2018, our partnership with Air New Zealand’s Airpoints™ programme will be extended to eligible Sovereign policy holders. Both existing and new eligible Sovereign policy holders will be able to earn 1 Airpoints DollarTM for every $100 of premium paid.
Air New Zealand Airpoints™ programme is a globally-recognised loyalty programme that brings with it a high consumer profile and high engagement levels. Other Airpoints™ partners have seen great positive retention and acquisition benefits for their businesses which is truly exciting.
Reward your clients for doing business with you and Sovereign
- You can use this opportunity to re-connect with your existing clients and talk to them about the added value they can get from their existing policies.
- For your new clients, it offers them great additional value when they take out a Sovereign policy. Click here for information regarding our refreshed Applications and Replacement Policy Advice forms.
Limited Offer! 3x Airpoints DollarsTM
There is more! For a limited period, your clients can earn 3x Airpoints Dollars™ on their premiums paid between 30th November 2018 and 28th February 2019 if they hold or take out an eligible Sovereign insurance policy. Terms and conditions apply.
To register, your clients will need to add their Airpoints™ number to their eligible insurance policy by logging in to MySovereign, or alternatively calling Sovereign’s call centre on 0800 500 108.
More information on the programme is on www.sovereign.co.nz/airpoints
To help you talk to your clients about this fantastic offer, here are some fun elements for you to use:
We’re excited to work with you on this offer.
All the best,
Patrice de Marigny
Chief Distribution Officer
Product and Pricing Update
2019 Policy Fee and CPI Review
Effective 1st January 2019
Each year, Sovereign sets a rate to be used for Consumer Price Index (CPI) increases that is based on the inflation figure reported by Statistics New Zealand. We use the CPI rate to adjust inflation-linked sums assured as well as our monthly policy fee. The CPI rate for 2019 has been set at 1.9%, the same as 2018.
For your clients who have chosen inflation-linked policies, this option means it is easy to keep their benefits increasing in line with CPI without needing to provide further health information.
Please note our policy fee has increased to $6.28 per month (or $75.36 per annum).
These changes come into effect on 1 January 2019 and will be applied to existing policies at their next policy anniversary thereafter.
Premier Cover options for less - update
In April 2018 we reviewed and reduced our rates for adding the ‘Premier cover option’ for our DI benefit.
At the time, this was available for New Business only. We are pleased to announce that this has now been rolled out to existing customers and the same price reduction will apply to existing business going forward.
Existing customers with premier option will experience the benefit of this cheaper pricing upon renewal from November 2018 onwards.
Please refer to the April enhancement page here.