Financial strength rating

Cigna Life Insurance NZ Limited ("Cigna") has an A- (Excellent) financial strength rating which was given by A.M Best Company Inc. The rating scale is:

Secure Vulnerable
A++ A+ Superior B B- Fair
A A- Excellent C++ C+ Marginal
B++ B + Good C C- Weak
      D   Poor
      E   Under regulatory Supervision
      F   In Liquidation
      S   Suspended

ID Theft

Identity theft is now one of the fastest growing crimes around the world. With only a few details obtained from that phone bill you threw in the bin, someone could take on your identity and ruin your good name. With Cigna’s Identity Theft Insurance, we can help prevent identity theft from occurring and help you recover costs when it has.

What is identity theft?

Identity theft is where someone steals another person’s identity, usually to commit fraud, use credit cards or gain other benefits in that person’s name Identity theft can cause frustration and financial loss for many unsuspecting Kiwis.

It has already become a large problem in Australia, with more than four million people being affected last year alone.

Cigna is the first to introduce standalone Identity Theft Insurance in New Zealand.

The benefits of Identify Theft Insurance with Cigna

If your identity is stolen it can be expensive, time consuming and emotionally draining. When you apply for Cigna’s Identify Theft Insurance you’ll receive:

  • your current Veda credit file, showing your credit score.
  • ongoing credit check alerts when an organisation completes any credit-related activity on your credit file
  • early warning signs if someone else is using your identity to apply for credit

In partnership with Veda Advantage, we’ll also help investigate identity fraud, which could also minimise any legal costs. We’ll also: 

  • rectify your Veda records and help to restore your credit worthiness
  • provide financial assistance • provide payments to cover legal costs of up to $10,000
  • provide up to $600 to cover time-related costs, like taking time off work to talk to the police and financial institutions.

For more information, please read our policy wording.

Am I at risk of identity theft?

If you’ve thrown a utility bill in the bin, recently moved house or applied for a new credit card, you could be at risk of identity theft.

Once a thief has your information, they may be able to open bank accounts or apply for credit cards, loans, passports or drivers licences in your name.

Unfortunately for many victims, the first sign that their identity has been stolen is often being declined for credit, or having deceived creditors banging on the door.

Apply for Cigna’s Identity Theft Insurance today

Protect your identity and apply online today. It only costs $95 per year, which is a small price to pay when it comes to protecting your identity.

If you’d like to discuss Cigna’s Identity Theft Insurance further, please don’t hesitate to call us on 0800 659 024.

About Veda Advantage

Veda is a data analytics business and leading provider of credit information in New Zealand and Australia. In partnership with Veda Advantage, Cigna can now provide you with a very affordable weapon against identity theft. If your identity is stolen, you'll have us, on hand to assist you.