nib New Zealand has launched a specialised inbound visitor insurance product, designed to meet the unique needs of Parent Boost visa holders who have children living and working in New Zealand.
The insurer says its new Parent Boost Insurance product sits within nib New Zealand’s OrbitProtect brand, which provides health and travel insurance to almost 40,000 inbound international visitors, students and workers in New Zealand.
Skye Daniels.
Under the new multi-entry visa requirements, Parent Boost visa holders must have health insurance coverage for the first 12 months of their visa, regardless of their intended length of stay in New Zealand. After the initial 12 months, insurance is only required while the visa holder is in New Zealand.
nib’s Parent Boost insurance, which meets the conditions set by the Government for the new visa, covers:
Unexpected or emergency medical and cancer treatment
Continuing cancer treatment
Repatriation cover
Bereavement cover
Nib NZ says the Government’s new multi-entry Parent Boost Visa aims to support stronger family connections by allowing eligible parents of New Zealand citizens or residents to spend extended, meaningful time in New Zealand while maintaining close ties to their home country (see: nib Backs Parent Boost Visa for Migrant Families).
Valid for five years with the option to reapply for a further five years, it allows multiple visits and ongoing family connections without creating a pathway to residency. Applications open on September 29.
Nib NZ notes that its new insurance product is designed to align with the requirements set by the Government within the new Parent Boost Visa, which was announced in June.
“A key condition of the Government’s visa is that applicants are required to buy specialised insurance to cover their time in New Zealand. This is designed to help ease pressure on New Zealand’s public health system,” it says.
“nib’s OrbitProtect Parent Boost insurance is a first-in-market product, primarily tailored to cover emergency and unexpected medical events, cancer and repatriation.”
nib NZ CEO, Skye Daniel says this “…goes to the heart of what nib NZ does best: supporting people’s better health and wellbeing and providing insurance cover for a range of unexpected medical events. We hope this cover will play a part in bringing together more whānau from across the world.”
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