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Showing 81 - 90 of 522 results for "Income Protection"

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
... among the reasons. MTAA Super runs its default superannuation product as single strategy. T asplan raised its income protection premiums by 7.3% as at end of September 2020. MTAA also increased its death and TPD premiums in February 2020, attributing ...

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... subordinated debt of $120 million. In its statement, Nippon Life referenced life insurance industry's spike in income protection claims, COVID-19's impact and high unemployment which put MLC Life's business performance being "stagnant" beyond ...

HESTA hikes group insurance premiums again

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... eligible members automatically receive upon signing up unless they make a choice -- includes two units of the income protection (IP) and two units of death cover. It does not include total permanent disability cover (TPD). For most HESTA members on it ...

MLC Life Insurance raises $650 million

KANIKA SOOD  |  WEDNESDAY, 6 JAN 2021
... of the insurer. The $120 million debt was subscribed to by Nippon alone. "The increase in claims payments of income protection products and others is an industry-wide challenge in Australia. As such, MLC Life has been working to raise premiums and promote ...

AIA to launch income protection product

KARREN VERGARA  |  WEDNESDAY, 16 DEC 2020
AIA Australia is launching a more affordable, simplistic income protection product in early 2021. IP CORE pays a monthly benefit for total or partial disability as a result of injury or sickness that satisfies a material and substantial duties definition. ...

Retail fund ups premiums

ELIZABETH MCARTHUR  |  TUESDAY, 15 DEC 2020
A retail superannuation fund will increase premiums on income protection policies from 2021. Living Super, ING's super offering, will up income protection premiums by 23% from 8 January 2021. "Our focus is to provide a great value product with competitive ...

PPS Mutual transforms underwriting process

ANNABELLE DICKSON  |  TUESDAY, 8 DEC 2020
... mutual insurer has removed the "quick check medical requirement" for prospective members under 35 who are seeking income protection of $15,000 per month. Members of all ages are no longer required to test for Hepatitis B, Hepatitis C and HIV when applying ...

Underinsurance gap worsens: Research

KARREN VERGARA  |  FRIDAY, 20 NOV 2020
... end of 2018. "Although we will see product innovation as insurers respond to APRA's intervention on retail income protection products, it will be challenging to completely reverse this trend," the report read. Rice Warner recommends the life insurance ...

Industry fund names new group insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 NOV 2020
... decrease. There will be different amounts of default death and TPD cover for members under 25 years of age, and income protection (IP) will better align with member salaries - the value of IP units will change to cover a salary of up to $1000 per unit. ...

Super fund increases premiums

KARREN VERGARA  |  WEDNESDAY, 18 NOV 2020
... is changing the cost of insurance across the board at the turn of the New Year. Most QSuper members will see income protection cover go up 31%, while death and total and permanent disability (TPD) cover will increase between 40-45% from 1 January 2021. ...