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Showing 1 - 10 of 858 results for "Death"

Mercer rolls out new corporate super plan

ANDREW MCKEAN  |  THURSDAY, 2 MAY 2024
... been designed to be simple and easy to implement, he said. It provides flexible insurance options, including five types of death and total and permanent disablement coverage, as well as salary continuance insurance. It also offers various investment ...

AustralianSuper announces insurance changes

ELIZA BAVIN  |  WEDNESDAY, 1 MAY 2024
... limited to, applications to: start basic (default) cover early (before their super account balance reaches $6000) transfer Death and/or Total & Permanent Disablement (TPD) cover from another super fund or insurer increase Death and/or TPD cover due to ...

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
... highlighted that life insurance claims processing takes an average of 7.3 days within super and 5.1 days outside of it, while death benefit claims average around 10 days. Guiamatsia emphasised the need for a more proactive approach saying that policyholders ...

UniSuper selects new group insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 APR 2024
... from an enhanced offering, the fund said. UniSuper said its default insurance offering has been improved to provide greater death and total and permanent disablement (TPD) cover at the life stages members most likely need it and less cover when they're ...

Billionaire receives death penalty for embezzlement

KARREN VERGARA  |  FRIDAY, 12 APR 2024
A Vietnamese billionaire property developer has been sentenced to death for embezzling US$12.5 billion - the country's largest case of financial fraud, several reports show. The People's Court of Ho Chi Minh City yesterday handed down the death ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... complaints appropriately both at the IDR and external dispute resolution (EDR) level and consistently delayed processing death benefits and insurance claims. Once AFCA raised the issue with the fund, the trustee blamed its administrator for failing to ...

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... for insurance cover in ART". Some examples of difference in cover include AvSuper members who have any amount of unitised death and total and permanent disablement (TPD) on the transfer date will become fixed cover in ART. ART's fixed TPD cover tapers ...

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... consumers to access low-fee accounts, and how superannuation trustees deliver important member services, such as how they handle death benefits claims," Longo said. "We will continue to work to ensure the financial system works for all Australians." ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... Members Interests First (PMIF) policies have contributed to a substantial reduction in superannuation insurance coverage for death benefits; a 36% reduction from June 2018 to June 2023. A comparable decline was observed in the coverage for Total and ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... roundtable discussion last week with Jones, focusing on how the government could expedite the process for insurance claims and death benefits. They also briefed the minister on new initiatives by super funds to improve service delivery. "The entire super ...
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