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Showing 91 - 100 of 522 results for "Income Protection"

Club Plus announces insurance changes

ELIZABETH MCARTHUR  |  MONDAY, 16 NOV 2020
... insurer OnePath. From 1 January 2021, members will see premiums on death, total and permanent disability and income protection cover reduce. Club Plus is also removing the insurance administration charge for insured members. The reductions are different ...

Sunsuper ups TPD premiums

KARREN VERGARA  |  WEDNESDAY, 11 NOV 2020
... get insurance. Many members will also see premium reductions, especially for death cover and, in some cases, income protection cover, chief financial officer Jason Sommer said. "As a profit-for-members fund, we only increase insurance premiums as a last ...

Insurers must shape up on mental health: TAL

ELIZABETH MCARTHUR  |  THURSDAY, 5 NOV 2020
... types. For TPD the average amount paid for mental health claims is almost 65% higher than the other claim. In income protection, mental health claims are 70% larger than other claim types. The higher claims cost could be due to differences in occupation ...

Life insurers recognised for innovation

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... the TPD Award (My Protection Plan - TPD Option Rider), the Customer Service Award for Life Companies and the Income Protection Award (My Protection Plan - IP Cover). TAL took home the Term Life Award (Lifetime Protection). The new Debt Insurance Award ...

Legacy AMP Life policyholders take premium hit

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
Some retail AMP Life customers received a steep premium increase on their income protection policies recently. Customers in a legacy product from the life insurer were notified by letter or email that following a review of premiums, they would be paying ...

QInsure ramps up claims technology

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
... which integrated and automated the workflow for claims across life, total and permanent disability (TPD), and income protection. Some of the functionalities included calculating payments automatically. Another is the Financial Services Council's ...

ClearView seeks to raise at least $40m

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... market conditions this year. The material life insurance industry suffered losses of around $1.23 billion on income protection portfolios in the year to 30 June 2020. In addition, ClearView said it expects COVID-19 impacts will further drive a decline ...

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... proposed merger with Cbus, Media Super has announced an increase in insurance premiums for default and non-default income protection. The premiums will increase from 1 December 2020 and will apply to members who receive automatic default income protection ...

Level premiums to remain

ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
... that low interest rates puts pricing pressure on level premiums and how it works within a five-year piece with income protection needs to be worked through. "It's certainly not straightforward, it's more complicated. But it would be strange to ...

Hostplus freezes premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... recently increased premiums on various types of cover. In August, Hostplus increased the premiums on optional income protection insurance for a small pool of its members by 73.7%.