NIB Holdings Ltd Postpones Premium Increase During COVID-19 Pandemic Call Transcript
Thank you for standing by. And welcome to the nib conference call. (Operator Instructions)
I would now like to hand the conference over to Mr. Mark Fitzgibbon, Managing Director. Please go ahead.
Good morning, all, and thanks for your time this morning. And I hope you're all feeling well.
I just want to give over 3 quick points, and then we just go straight into the Q&A. The first point to be made is, we don't think the premium freeze is the best way to distribute financial support for maximum effect for our members. So together, I don't need a premium freeze whereas there are families who might need much more support. But the encouragement out of care simply became too strong for us to resist the measure. So yesterday, we announced that we'll be deferring 1st of April increase until the 1st of October, and we'll review that situation in the lead up of 1st of October to see how things are faring.
The second point is, you guys have worked through the
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