Research and website upgrades: what you need to know
QPR Database V15.8 has been released!
Our Research team have made some monstrously good updates to the QPR database recently. If you’ve noticed we’re running a bit slower than usual, please refresh your page and scroll down to ensure that you’re on our latest version – QUOTE ENGINE V.3.0 B1 | QPR V.15.8 | WEB V4.5.9
Our latest updates to Researchmonster include:
- Policy documents update effective 8 March 2024
- AIA Private Health
- AIA Cancer Care
- AIA Real Health (access via Standalone Head to Head)
- ASB Private Health
o Rating changes applied to:
· Loyalty Benefits, Physiotherapy, Medical Tourism, Recovery Benefit, Exclusions
For further information on these changes, please click here.
- Asteron Life – Policy documents update effective 25 March 2024
o Rating changes in personal applied to:
· Life: Grief & Funeral Support, Terminal Illness, Child Funeral
· Trauma: Benefit Payment, ADL requirements for a range of major trauma conditions reduced from three to two - Alzheimer’s Disease, Dementia, Encephalitis, Major head Trauma, Meningitis/meningococcal Disease, Multiple Scenarios, Muscular Dystrophy, Parkinsons Disease, Peripheral Neuropathy, Stroke, Cerebral Aneurysm
· Income and Mortgage Protection: Wait Period Reduction
o Rating changes in business applied to:
· Life: Grief & Funeral Support
· Key Person: Benefit Payment Criteria, Conversion
· Trauma: Benefit Payment, Systemic Sclerosis
For further information on these changes, please click here.
- Reviews:
o Medical: sub-item remediation to Diagnostic Tests, Exclusions
o Trauma: sub-item remediation to Child Trauma, Coma, Life Cover Buyback, Upgrade Policy Wording, incidence remediation to Future Insurability, amount score remediation to Special Events Increase
o Life: sub-item remediation to Business Events Increase
o Review of nib ‘Serious Conditions Financial Support Option’
Policy document linked and updates made to:
o Pinnacle Life (all products)
o Momentum Life (all products)
Financial Strength Ratings (FSR) updates applied to:
o AA Life from AA- to AA+
o Accuro from B+ to B
o Asteron Life from AA- to A+
o Southern Cross from A to A+
Our Insurer Pass Back Rules and Policy Terms infographic has also been updated and here is where you can view and download a copy:
Standalone Head to Head is a powerful tool subscribers can use to:
- Compare legacy products for replacement business
- Compare products from the same provider; e.g., AIA Critical Conditions vs Progressive Care
- Compare different product sets; e.g., Severe Trauma vs Comprehensive Trauma
- Quick head to head research comparisons
Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.
Our Health Benefit Maximums report available to Researchmonster and Advicemonster users, has also been updated to align with the updates in our research database. This quick reference guide aims to help advisers quickly identify some of the important differences when it comes to health cover benefit maximums. It doesn't include every individual niche benefit that some insurers offer, and some benefits can only be claimed on under specific circumstances (e.g., within 12 months of surgery).
Business Insurance is a powerful tool Advicemonster subscribers can use to quote, research, and run a needs analysis on for Life, Trauma, TPD and Key Person. We highly recommend joining us for our next online training session to learn more about the service, and as a thank you for attending we can offer a 14-day trial on your account for new users.
Our next session is scheduled for:
Thursday, 6 June 2024 11:30 am-12:30 pm
Upcoming training sessions:
- Introduction to Quotemonster
Quotemonster training session where we demonstrate the basic functions of our website, along with some handy tips and tricks along the way.
Wednesday, 5 June 2024 10:00 am-11:00 am or Wednesday, 19 June 2024 1:00 pm-2:00 pm
- Demystifying Advicemonster
Advicemonster training session where we demonstrate how to use our needs analysis and statement of advice (SOA) tools.
Thursday, 6 June 2024 10:00 am-11:00 am
If you have any questions or are interested in attending one of the above-mentioned sessions, please send us a request on info@quotemonster.co.nz
Happy Crunching!
