Previously EBS Health Care

A good financial rating

 

Financial Strength: Education Benevolent Society Incorporated trading as HealthCarePlus has a B++ (Good) financial strength rating from A.M. Best Company Inc. of New Jersey, United States of America.  A.M. Best is an approved insurance rating agency in terms of the Insurance (Prudential Supervision) Act 2010.     

Secure Ratings

Vulnerable Ratings

A++

A+

A

A-

B++

B+

B

B-

C++

C+

C

C-

D

Superior

Excellent

Good

Fair

Marginal

Weak

Poor

 

The Insurance (Prudential Supervision) Act 2010 requires all New Zealand health insurers to be given a Financial Strength Rating (FSR).

AM Best is a global credit rating agency with a focus on the insurance industry.

A M Best Company has assessed HealthCarePlus (the trading name for EBS – The Education Benevolent Society Incorporated) as having a rating of B++(Good). 

This is great news for HealthCarePlus Members, as it means that they can rest assured that any eligible claims will be paid..

 

RATING HISTORY A.M.Best

 Date

FSR

 ICR

March 2017

B++

bbb

March 2016

B++

bbb

March 2015

B++

bbb

March 2014

B++

bbb

March 2013

B++

bbb

March 2012

B++

bbb

AM Best's ratings are as follows:

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)

RBNZ Licence       

The Reserve Bank of New Zealand, under section 19 of the Insurance (Prudential Supervision) Act 2010, has issued a licence to The Education Benevolent Society Incorporated (441954) to carry on non-life insurance business in New Zealand. Dated 18 April 2013.

Approved Disputes Resolution Scheme

The Education Benevolent Society Incorporated* (note that, HealthCarePlus is the trading name for EBS*) is registered with "Insurance & Financial Services Ombudsman Scheme Inc." (IFSO Scheme) click the link for further information.

Our complaints procedure:

Occasionaly we may decline a claim or not meet your expected reimbursement levels. Most queries can be dealt with through a friendly phonecall - here is our formal complaints procedure: Click Here

 

 
 
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