Brief: NIB Holdings Further Delays Private Health Insurance Premium Rise

NIB Holdings

27/06/2023 02:16

June 27 (Reuters) - NIB Holdings Ltd  NHF.AX :
    * FURTHER DELAYS PRIVATE HEALTH INSURANCE PREMIUM RISE
    * DEFERRAL APPLIES TO MORE THAN 651,000 MEMBERS
    * ITS PREMIUM INCREASE FOR PRIVATE HEALTH INSURANCE MEMBERS
WILL
BE DELAYED FURTHER, COMING INTO EFFECT ON 1 OCTOBER
    * PREMIUM POSTPONEMENT MEANS A$35.5 MILLION IN SAVINGS FOR
MEMBERS
& WILL BE RECOGNISED IN NIB'S OPERATING EARNINGS FOR 12 MONTHS
TO 30 JUNE
    * VALUE OF PREMIUM RELIEF EXPECTED TO BE ON AVERAGE, A$64.70
PER
POLICY FOR HOSPITAL AND EXTRAS POLICIES
    * VALUE OF PREMIUM RELIEF IS EXPECTED TO BE, ON AVERAGE
AROUND
A$11.70 PER POLICY ON EXTRAS POLICIES

Source text for Eikon:  ID:nASX7vY1Ty 
Further company coverage:  NHF.AX 

 ((Reuters.Briefs@thomsonreuters.com;))