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MLC Insurance gets upgraded
Tuesday, 6 March 2012 11:40am

MLC Insurance and MLC Insurance (Super) have both received further upgrades to their product line up.

As part of the product upgrade from MLC, the two insurance offers have received five new features including a 12 month Life Cover Buy Back option which allows customers to restore their life insurance benefit in the event of a TPD claim, double benefits which restore a customer's life insurance benefit in the event of a TPD or Critical Illness claim and Type 1 diabetes coverage.

The products will also feature income protection platinum inside super which allow customer access to product features with tax efficiencies and finally a new benefit period of age 70.

Since launching MLC Insurance in October 2011, MLC has completed over 35 updates to its Riskfirst and Illustrator technology.

Duncan West, executive general manager of MLC Insurance, said that MLC was focused on delivering constant and consistent upgrades to its insurance products to allow for more efficiency.

"Advisers using our market leading Riskfirst technology have seen a reduction in turnaround times on new business of up to 70%. MLC's Guarantee of Upgrade philosophy means financial advisers and their clients always have access to up to date insurance cover," said West.

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