Suncorp New Zealand has announced an extended parental leave offering for its employees with the addition of a financial baby prep program meant to help expecting parents prepare themselves financially when their child arrives.
The insurer is the first in Aotearoa to offer such a program, provided through its financial wellness platform, Crayon. Suncorp NZ is offering this course free to employees as part of their parental leave benefit.
In a news release, Suncorp NZ executive general manager for people and culture Catherine Dixon said that the insurer wants to empower its employees to make informed decisions before and during important life events, such as starting a family.
“We really pride ourselves on fostering overall wellbeing, both in the workplace and at home,” Dixon said. “Caring for others is one of the values at Suncorp New Zealand and we are committed to supporting our people during this time. We want our people to feel ready to step into parenthood and this course will give them the tools and resources needed to create a solid financial foundation for their growing whānau.”
The financial antenatal course is a comprehensive online program focusing on equipping new parents with the necessary financial knowledge and skills to navigate the challenges and responsibilities that come with starting a family. It covers a wide range of topics, including income estimation changes during parental leave, budgeting for baby-related expenses, and managing family finances for both short and long-term goals.
Earlier this month, the insurer renewed its reinsurance program for the fiscal year of 2024.
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