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I am talking insurance benefits related to your personal health, not the 'bricks and mortar' car, home and contents type insurance.

I would have thought the answer would be medical insurance, but in fact the most claimed on insurance benefit is Specialists and Tests!

This is a benefit that you add-on to your medical insruance. Often the cost of the medical insruance is significant and many people do NOT add this benefit, yet it is still the most claimed on benefit, according to Sovereign Assurance, one of the largest medical insurers in New Zealand.

Imagine you have a health concern and your Doctor recommends yo use a Specialist or have some specific test completed, e.g. MRI or CT scan.

Your first thougth may be "How much is that going to cost?" And the answer could be "Up to $3,000 if you go private and want to find out if you have anything to worry about sooner rather than later, or, nothing if you go on a public health waiting list ..... and wait"

Would yo uwant to wait and when eventually see the Specialist, only to be told something like "..... if only yo uhad got here 6 months sooner we might have been able to help you"

While that may be an extreme example the reality is that if you do have a significant health problem, the sooner you know what it is, the sooner you can get it fixed.

But up until now, yo uhad to buy a full medical insurance hospital/surgery policy and then add-on the Specialists and Tests option at further cost.

Now Sovereign Assurance allow you to purchase their Specialists and Tests option - with cover up to $3,000/claim - by adding it to any Sovereign insurance benefit. You don't have to take out a full Medical Insurance policy to get this very important benefit.

Costs start from around as little as $15/month per person - contact your Financial aDviser to find out more