TAL launched an adviser-focused health insurance offering by way of an expanded strategic partnership with nib.
Financial advisers will be able to refer clients to a TAL health insurance team at nib, receiving a 5% discount on cover.
The new offering, comprising TAL-branded products, will better support Australians' health, offer improved customer value and support the insurer's adviser partners in strengthening their client relationships, TAL said.
The offering was developed using feedback from TAL's customers, financial advisers and key market insights and will continue to evolve based on ongoing customer and adviser feedback.
"Although we are known for life insurance at TAL, health has always been at the heart of everything we do. Over time, we believe that connecting health insurance and life insurance will enable us to better support Australians in preventative health and streamline our customers' cover," TAL chief operating officer Justin Delaney said.
While advisers already play a vital role in protecting their customers' financial outcomes, they are also well placed to start new conversations about reviewing their customers' health insurance needs, he said.
"Many of us often don't review our cover regularly, and with this offering we have created a very simple way for advisers to help customers assess whether they have the right cover for their needs, while offering a discount when referred by their adviser," Delaney added.
It is an expansion of an existing distribution partnership between TAL and nib, which nib group executive, Australian residents health insurance Rhod McKensey described as a natural fit.
"We're excited to continue to build our very strong health insurance white-labelling capability through the addition of TAL to our existing group of highly valued partners who share our passion for great customer service," he said.