Identity theft is now one of the fastest growing crimes around
the world. It includes such things as using a stolen credit card or
credit card number, right through to receiving money, goods or
benefits by pretending to be someone else. Ultimately, the thieves
can take a lot more than your money. They can take on your unique
identity and potentially ruin your good name.
Identity theft is a crime that's likely to cause frustration and
financial loss for many unsuspecting Kiwis in the near future. It's
already become a large problem in Australia, with more than 4
million people being affected last year alone. Cigna is the first
to introduce standalone Identity Theft Insurance in New
If your identity is stolen it can be an expensive, time
consuming and emotionally draining time to reclaim your identity
and make it unique again. Once you've signed up, the first thing
you'll receive is your current Veda credit file, showing your
credit score. You'll be provided with ongoing credit check alerts
via post or email when an organisation completes any credit-related
activity on your credit file. This way you'll have an early warning
if someone else is using your identity to apply for credit and
you'll be able to act before your credit file is negatively
Am I at Risk?
Sometimes all it takes for someone to start stealing your
identity is to get a few personal details from your phone bill in
the rubbish bin. You could also be more vulnerable than you might
think each time your hand over our credit card, or move to a new
address, or simply where you're sharing information online.
- Do you use your credit card?
- Have you moved house recently?
- Do you put your phone bill straight into the bin?
You could be at risk of someone stealing your identity!
Once they've got your information, thieves 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
How It Works
Early warning of potential Identity Theft
The earlier you know about a potential identity theft, the more
you can limit the damage to yourself. In partnership with Veda Advantage,
New Zealand's leading credit agency, Cigna can now provide you with
a very affordable weapon against identity theft. No-one else offers
this kind of comprehensive, dedicated identity theft cover in New
You will receive:
- A copy of your current Veda credit file, so you can check for any
unauthorised activity and review your current credit score.
- Credit check alerts, via email or post, each time an
organisation completes any credit-related activity on your file. If
you haven't made the application yourself, you can quickly make it
known an identity theft has occurred.
The right people will help restore your good name
If your identity is stolen, you'll have New Zealand's leading
credit agency, Veda Advantage, on hand to assist you. They
- provide one easy point of contact, with just one 0800 number to
- help investigate identity fraud, which could also minimise any
- rectify your Veda records and help to restore your credit
We'll also provide financial assistance
Cigna Identity Theft Insurance will help with:
- payments to cover legal costs of up to $10,000.
- up to $600 to cover time-related costs, like taking time off
work to talk to the police and financial institutions.
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:
||Under regulatory Supervision