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nib: Health Insurance

nib health insurance gives you faster access to private specialists, surgery, and diagnostics — without the public wait list.

2000
Founded in NZ
International
nib Holdings (Australia)

nib New Zealand's health insurance covers the cost of private surgical procedures, specialist consultations, and diagnostic tests, reducing reliance on public hospital waiting lists and enabling members to access private care when they need it.

How the cover works

When a member requires a medical procedure, specialist visit, or diagnostic test that is covered under their nib policy, nib reimburses the eligible costs up to the limits specified in their policy. nib health insurance allows members to choose their private surgeon or specialist and access private hospitals and facilities, rather than waiting for treatment in the public health system.

Product options

nib offers health insurance for individuals, couples, and families in New Zealand. Cover levels vary by product tier and selected options. Standard surgical and specialist cover is available across nib's product range. Enhanced product tiers may include cover for non-PHARMAC subsidised medications, dental care, optical care, and other health services. A CompareNow adviser can detail the current nib product options available and compare them against other NZ health insurance products.

Who it is for

nib health insurance is designed for New Zealanders who want the ability to access private healthcare when they need surgery, specialist diagnosis, or medical treatment. It is suited to individuals and families who want to protect themselves from public system waiting times and the financial burden of private medical costs.

Claims and health engagement

In the first half of FY26 (July to December 2025), nib New Zealand paid $174.1 million in healthcare claims, a 9% increase on the previous corresponding period. nib supported 15,700 members through proactive health engagement programmes during the same period. nib's proactive health focus is designed to help members identify and address health concerns early, potentially reducing the need for more significant interventions later.

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Easy to understand, easy to decide.

Common questions about nib health insurance

Will my premiums go up each year?

It depends on what policy you select. Traditional stepped premiums do increase each year on your policy anniversary. Level premiums do not increase with your age for a specified period of time.

Am I locked into the cover for a certain period?

No. If you cancel your policy in the first 14 days your premiums will be refunded. After the 14 day free look period you are able to cancel your cover at any time.

How can I pay my premiums?

You can choose your method of payment you prefer e.g., Credit card, monthly Direct Debit or Cheque.

Do I have to pay on fortnightly basis?

No. You can choose your payment frequency i.e. weekly, fortnightly, monthly or on an annual basis.

Are medical tests required?

In most cases no medical tests are required. Each application is considered on an individual basis. If you are required to undergo any medical test they will be paid for by the insurance provider and at no cost to you.

Can I apply directly with the insurance providers for cheaper cost?

No. Most insurance providers prefer to work through intermediaries like us rather than dealing directly. We don’t mark up policies. In fact, we guarantee your premium is the same as going direct.

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