Southern Cross Insurance is one of New Zealand’s largest Insurance providers. Southern Cross is a not-for-profit corporation that supplies New Zealanders with a broad range of health related services.
The Southern Cross Healthcare Group consists of two separate organisations - Southern Cross Medical Care Society and Southern Cross Health Trust – which operate separate businesses at arms length from one another.
Southern Cross was conceived by a group of prominent Auckland businessmen back in 1950 through to 1961; which is when the Southern Cross Medical Society opened its doors. Over the years this not-for-profit health care organisation has grown to be the largest consumer co-operative New Zealand has ever seen – the Southern Cross Medical Care Society.
Statistics show that one in every five New Zealanders have an insurance policy with Southern Cross Insurance. The stability of the company and the speed in which it pays out on claims contributes to the popularity of this New Zealand insurance company. Southern Cross Insurance has the largest network of private hospitals and accommodates small businesses with at least five employees.
Insurance Products by Southern Cross Insurance
Southern Cross Travel Insurance and Southern Cross Healthcare Insurance are the company’s top products, considering their features:
Southern Cross travel insurance provides coverage for those traveling overseas, as well as incoming tourists and groups. The travel insurance is available to individuals, students, corporate groups, and for those working overseas. Features of the Southern Cross travel insurance for individuals, groups, and families include:
24 hour emergency assistance
Medical evacuation back to New Zealand
Overseas hospitalisation expenses
Lump sum personal accident coverage
Personal liability
Rental car excess coverage
Expenses for travel companions if hospitalised or evacuated
Medical and evacuation expenses due to terrorism
Cover for lost personal items and travel documents
Coverage for cancelled, disrupted or missed travel connections
Southern Cross health insurance covers asthma to whooping cough. The Southern Cross healthcare insurance is also available for individuals, families, and employers. Members of Southern Cross Insurance receive discounts when they take out additional policies from the company.
For your Southern Cross health insurance, you can choose a full coverage (Ultra Care) or limited coverage plan (Supercare) for surgical expenses. The flexibility of Southern Cross health insurance NZ makes Southern Cross Insurance a practical choice for most New Zealanders.
Southern Cross Insurance Rating
International rating agency Standard & Poor’s (Australia) Pty Limited affirmed its insurer financial strength rating for Southern Cross as A+ (strong) on 21 February 2009.
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