Australian Unity to return about $6 million in COVID-19 savings to members

09 September 2021

Tags: Media

Wellbeing company Australian Unity will provide about $6 million in COVID-19 claims savings to its private health insurance members—on top of about $18 million of support measures already delivered.

These savings will be provided as premium relief to private health insurance members from November 2021.

This latest measure comes on top of the company’s lowest average premium increase in 20 years—the sixth lowest of all 35 health funds in 2021. Other COVID-19 support measures have included a six-month deferral of the 2020 premium increase, extending policy suspensions, premium relief for those on government JobKeeper and JobSeeker payments, covering COVID-19 admissions regardless of product type, and recognition of telehealth consultations as a feature of extras claiming—now a permanent feature for Australian Unity members.

David Brajkovic, CEO of Australian Unity Private Health Insurance said:

"As a provider of health, wealth and care services, Australian Unity is focused on doing all it can to reduce the impact of COVID-19 on our members, customers and the Australian community.

Australian Unity will notify health insurance members directly about how and when they will receive their premium relief.

Related article

Australian Unity named in AFR Sustainability Leader list for third consecutive year

Australian Unity has been recognised as one of the Australian Financial Review’s (AFR) Sustainability Leaders for the third consecutive year. This accolade acknowledges Australian Unity’s $50 million wellbeing-based sustainability-linked loan (SLL) with Westpac Bank.

Read more

Australian Unity’s sustainable cash and fixed interest manager Altius Asset Management to be acquired by Australian Ethical

Australian Unity’s Wealth & Capital Markets platform (W&CM) announced today it will sell its circa. $2 billion sustainable cash and fixed interest manager, Altius Asset Management (Altius) to Australian Ethical (ASX: AEF).

Read more

Australian Unity appoints Darren Dawson as General Manager, Social Infrastructure Funds

Australian Unity has appointed experienced sustainable finance and ethical investment executive, Darren Dawson, as its General Manager, Social Infrastructure Funds.

Read more

Perennial Partners to take over management of Australian Unity’s Future of Healthcare Fund

Perennial Partners (Perennial) and Australian Unity Funds Management Limited (AUFM) are pleased to announce that they have entered into agreements to transfer the investment management rights of the Australian Unity Future of Healthcare Fund (Fund) to Perennial.

Read more