What else can nib cover you for?

Do you have health insurance with nib? Find out what other insurance options nib offer.

nib (Newcastle Industrial Benefits) has been providing health and medical insurance to over a million Australian and New Zealand residents for more than 60 years. One of Australia’s fastest growing health funds and New Zealand’s second largest health fund, nib provides a range of health insurance options to singles, couples and families as well as to organisations looking for quality health insurance for their employees.

What other nib cover options are available?

Along with health insurance, nib offers its members several other forms of protection, including life insurance, income protection insurance, funeral insurance and travel insurance.

nib Value Life Insurance

If you die or are diagnosed with a terminal illness, nib Value Life Insurance will pay a lump sum to your loved ones to help protect their financial future. The following benefits are available with nib Value Life Insurance:

  • A choice of cover from $100,000 up to $1 million
  • No medical tests required
  • Early terminal illness payout
  • Premium protection (premiums waived for up to six months if you suffer an accidental injury and are unable to perform your daily activities)
  • Possible advance payment of $10,000 for immediate expenses

nib Income Protection

If you are unable to earn an income due to injury, illness or involuntary unemployment, nib Income Protection pays you a regular payment while you get back on your feet. nib Income Protection includes the following features:

  • Provides you with up to 85% of your income, up to $10,000 per month, for sickness and injury cover
  • Provides optional involuntary unemployment cover of up to 85% of your income, up to $3,000 per month, for up to three months
  • Offers premiums up to 30% less if you are in good health
  • Offers premiums tailored to your job type

nib Funeral Plan

Typically, a nib Funeral Plan pays a lump sum within 24 hours of a claim being processed to ensure your family has the funds to cover your funeral expenses. The nib Funeral Plan features the following benefits:

  • Up to $15,000 of cover
  • Fast payout (normally within 24 hours)
  • Premium protection (premiums waived for up to six months if you suffer an accidental injury and can’t perform your daily activities)
  • Guaranteed acceptance
  • No medical tests required
  • Level premiums that do not increase with age

nib Travel Insurance

nib offers several levels of travel cover for both singles and families travelling within Australia and overseas. The main features of their International Comprehensive and Annual Multi-Trip policies include cover for the following:

  • Unlimited medical expenses
  • Emergency dental cover
  • Unlimited cancellation costs
  • Unlimited medical evacuation costs
  • Loss of income
  • Out-of-pocket expenses
  • Travel delay
  • Return airfare
  • Resumption of trip
  • Special events
  • Rental vehicle insurance excess
  • Withdrawal of services
  • Accidental death
  • Total permanent disability
  • Luggage and personal effects
  • Personal liability
  • Snow sports and activities (optional)

What are the benefits of nib Health Insurance?

There are a number of benefits to being a nib member:

  • Freedom to choose your own healthcare provider
  • Hassle-free claims, with pre-approval over the phone for some treatments and most claims processed within five working days
  • A range of excess options on private hospital cover which can discount your premium by up to 60%
  • A range of payment options including direct debit and a choice of payment frequencies including weekly, fortnightly and monthly

What other benefits are available to nib members?

nib also provides its members with the following great discounts and incentives:

  • A 10% discount on nib travel insurance for nib health insurance customers
  • One month's worth of premiums free every year on life and income protection insurance if you pay your premiums annually
  • A $150 gift card when you purchase combined hospital and extras cover
  • A 4% discount if you pay your health insurance premiums by direct debit

Don Gribble

Don is a creative writer with extensive experience writing scripts, blogs, web content and ebooks. He enjoys writing because it allows him to know a little bit about a lot of subjects and to continue learning new things every day.

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