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Showing 1 - 10 of 519 results for "Income Protection"

Financial services class actions surge

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2024
... data breaches. On 22 December 2023, a class action was filed against Rest alleging it signed new members up for income protection cover by default. A couple of days earlier a class action was filed against IC Markets for consumer harm caused by offering ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
Shine Lawyers filed a class action on behalf of Rest members who may have had income protection premiums wrongfully deducted from their superannuation accounts. The class action alleges that from December 2008 to June 2019, Rest automatically enrolled ...

Vale Jason Milosevski

JAMIE WILLIAMSON  |  TUESDAY, 6 FEB 2024
... He also gave presentations to his adviser network on what he was going through, explaining the important role income protection cover was playing for him and his family during this time, and that trauma and life cover would thereafter, Pillemer said. ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... reduced its insurance premiums six months after it made a round of cuts. On January 1, Qantas Super premiums for income protection reduced by 13%, while rates for default and voluntary death and total and permanent disablement (TPD) cover were lower ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... breaching its duty of utmost good faith by the Federal Court, in a case connected to OnePath Life's avoidance of an income protection policy. The case marks ASIC's first attempt to impose a civil penalty under s13 of the Insurance Contracts Act 1984 ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... answer is that they can. It doesn't seem fair." Most recently, Zurich's OnePath raised premiums for its income protection insurance for the Plus (Series2) policy by 100% over the next two years. "Given an increase in claims volume and length ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
... The time taken to resolve them took 107 days, down from AFCA's five-year average of 114 days. Across products, income protection complaints had the lion's share of total complaints, clocking 523 complaints or 28% of the total. Some 347 policyholders ...

MLC Life unveils retail discounts

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... campaign. Multi-cover discount offers a 10% discount on eligible lump sum covers for customers who bundle with their income protection cover. Vivo Incentive has a 7.5% discount on premiums for customers within a certain BMI of 18.5 and 28.5 (inclusive). ...

TAL launches new look Accelerated Protection range

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... series includes four cover types, being life insurance, total and permanent disability, critical illness, and income protection. It also offers critical illness cover for children. Features of the updated products include long term affordable benefits ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... with MetLife to drop some premiums by 25%. Fees for death and TPD went down by between 14.2% and 24.8%, while income protection premiums reduced by 7.7%. At the time, Spirit Super chief executive Jason Murray said he was delighted to be reducing premiums ...
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