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Showing 121 - 130 of 524 results for "Income Protection"

AustralianSuper increases premiums

JAMIE WILLIAMSON  |  THURSDAY, 9 APR 2020
... go up. From May 30 death cover will increase by an average of 2.3%; TPD will go up by an average of 17%; and income protection will cost, on average, 19.3% more. "Whilst there is never a good time for an increase in costs we do understand that in the ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... future holds. The firm said the pandemic posed an especially difficult set of challenges for those offering income protection products, noting recent APRA profit margin figures - released pre-COVID-19 - show insurers and reinsurers are bleeding worse ...

PMIF sees premiums rise for first time in 12 years

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 APR 2020
... legislation. ESSSuper put insurance premiums on death only and death and total and permanent disability up by 5%. Income protection premiums will remain unchanged for ESSSuper members. "Following a review of our insurance premiums and as a result of ...

Statewide revises down investment objectives, ups fees

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... soon be paying cheaper insurance premiums. Death only premiums will reduce by 22.7%, death and TPD by 2.6% and income protection by 1.1%. Statewide's group insurance is provided by MetLife. "A number of months ago, based on the increasing costs associated­­­ ...

Wealth manager appoints new head of advice

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... administered by ClearView. Earlier this month the firm overhauled the pricing of its LifeSolutions stepped and hybrid income protection products, in a move designed to help it battle what it dubbed "extremely difficult market conditions". Facing higher ...

Industry funds face reality of COVID-19 shutdown

ELIZABETH MCARTHUR  |  WEDNESDAY, 25 MAR 2020
... whether members with income insurance could claim if their employer was forced to close due to the pandemic. "Income protection insurance is not business interruption insurance," Club Plus said. "Income protection insurance protects our members who are ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... under 25 are studying or working in casual roles in hospitality, retail and tourism, and may need to access income protection or make a workers' compensation claim if they find themselves out of work for weeks at a time if they contract the virus." ...

ClearView rated stable

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... ClearView spokesperson said. Late last week the firm overhauled the pricing of its LifeSolutions stepped and hybrid income protection products, in a move designed to help it battle what it dubbed "extremely difficult market conditions".

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... provider to overhaul its pricing. ClearView has revised its pricing across its Life Solutions stepped and hybrid income protection products, as the insurer battles to remain profitable in "extremely difficult market conditions". Facing higher expected ...

Group premiums rise 34%

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... Defence Bank said. Both funds said for members with only death cover, or death and TPD cover, or those with income protection cover will see insurance premiums increase 34%. Crescent Wealth said the group insurance policies which cover the fund do not ...