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Showing 1 - 10 of 914 results for "Premiums"

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... This change means that no pensioner or concession card holder will pay more than $7.70 (plus any applicable manufacturer premiums) for up to five years. Aged care workers will also receive a wages boost. The government has committed to funding the Fair ...

ClearView closes ClearChoice Super Rollover, launches trauma options

KARREN VERGARA  |  MONDAY, 13 MAY 2024
... for the HUB24 Super Fund, the complying superannuation fund. "One of the options for paying ClearChoice Super insurance premiums is to rollover money from another complying superannuation fund into the HUB24 Super Fund (Fund)," ClearView said. "To pay ...

Mercer rolls out new corporate super plan

ANDREW MCKEAN  |  THURSDAY, 2 MAY 2024
... past decade. It can accommodate accumulation plans and allows for employer-subsidised administration fees and insurance premiums as an employee benefit. Moreover, it can accept Superannuation Guarantee contributions within five to 15 business days of ...

UniSuper selects new group insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 APR 2024
... age - providing a level of basic protection for each phase of your life..." At the same time, UniSuper is adjusting its premiums based on the likelihood of claims at different ages and also introduced the rates based on members' sex at birth, explaining ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... thought they would recover. However, when told that all claimants returning to work ultimately increases the cost of TPD premiums for all customers, women were less likely to see the current structure as acceptable than men (49% versus 45%). "The current ...

New life insurance regulations rolled out

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... approvals for mergers and transfers. Additionally, the Regulations impose a cap on the interest rates applied to overdue premiums. The Regulations aim to remake and improve the Life Insurance Regulations 1995 before they sunset, removing redundant provisions ...

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 ...

AIA adds to C-suite lineup

CHLOE WALKER  |  WEDNESDAY, 14 FEB 2024
... Australia. It has a 29.5% market share, providing life insurance to 2.35 million policyholders and collecting annual premiums of $606.6 million. The total sum insured under AIA's policies amounts to $495 billion.

iExtend finds interim arrangement to operate

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... found that the life insurance start-up was operating without a licence. iExtend partners with policyholders by paying the premiums of the co-owned cover. Policyholders are able to maintain their cover and receive benefits albeit at a lower level but ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... AustralianSuper members were affected, costing members approximately $69 million in multiple sets of fees and insurance premiums and lost investment earnings on those amounts. "Unintended multiple accounts remain a significant issue for Australian consumers ...
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