nib Joins Moneytime's Health Insurance Comparison Platform

    SYDNEY, AUSTRALIA, April 15, 2009 /24-7PressRelease/ -- The latest of Australia's top private health insurers to join with moneytime, nib was established 50 years ago and has become one of Australia's fastest growing private health funds providing health cover to more than 700,000 people.

nib joins other leading health insurance funds such as HCF, MBF, AHM, Australian Unity, HBA, Manchester Unity, Mutual Community and GMHBA who also offer consumers the opportunity to compare health funds and decide on the right health cover for their private health and family health needs. The uniqueness of moneytime is that once people have decided on the right health insurance cover, they can buy online without being diverted to a call center. https://www.moneytime.com.au/

"With the new nib partnership, moneytime offers Australia's largest choice of major health insurance funds where people can compare and buy their product selections online, based on any criteria including cost and relevance."

nib's Chief Executive Officer, Mark Fitzgibbon said the company was very aware of the popularity amongst consumers to use online options to shop around for health insurance.

"Last financial year more than 38% of our sales were online, compared to just over 4% in FY05. As a result we see moneytime as an important platform to further expand our reach into the Australian health insurance market," Mr Fitzgibbon said.

David Miller at moneytime said nib's decision to join moneytime was an important development. "People increasingly want to compare health insurance and make informed decisions to buy the right products at the right price," said Miller. "moneytime is expanding its reach among Australian health insurance funds and is an ideal platform for people to compare and buy health insurance online." https://www.moneytime.com.au/health-insurance/private-health-insurance-guide.html

About nib
At nib, we believe private health insurance should be easy to understand, easy to claim on and most of all good value. That's why we are one of Australia's fastest growing health funds, providing affordable health cover to more than 700,000 people nationwide.

Matthew Neat, Corporate Affairs and Investor Relations Manager, nib. Tel: 0249 141777

About moneytime
Moneytime offers Australia's largest choice of major health insurance funds where people can compare, buy and save online. http://www.moneytime.com.au/

David Miller, Managing Director, moneytime. Tel: 1300 88 26 36

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