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Showing 91 - 100 of 256 results for "Insured"

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... support benefit that boosts the benefit up to a 75% income replacement rate for the first six months of claim if the life insured is claiming under the one duty definition and is unable to generate any income," ClearView said. Swanson said the life insurer ...

Group premiums rise 34%

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... 34%. Crescent Wealth said the group insurance policies which cover the fund do not offer opt-out insurance cover and all insured members have applied for cover. "Accordingly, existing members will be deemed to have made an election for insurance and ...

Industry fund bumps up premiums

JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
... new legislation will reduce the number of members who will have automatic default cover. This means there'll be fewer insured members to share the cost of cover, ultimately increasing the cost of cover," VicSuper said. "We always work with our group ...

FSC sheds light on cancer impact

HARRISON WORLEY  |  TUESDAY, 4 FEB 2020
... year to 30 June 2019. Claims made as a result of breast cancer lead the way by far, with 8.82 claims per 100,000 people insured. Next most impactful is prostate cancer, which causes around half the life insurance claims of breast cancer per 100,000 people ...

FPA supports tightening insurance claims

ELIZABETH MCARTHUR  |  MONDAY, 13 JAN 2020
... First, the FPA supports the licencing obligation including a clause saying: "A person who provides financial advice to an insured and who handles and settles an insurance claim on behalf of the insurer." The current claims handling definition captures ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... a minimum of 50 eligible employees. If the number of employees who are members of Cbus Corporate Super drops below 30 insured members, the employer and employees will be transferred into Cbus Industry Super. The new offering will see a member defaulted ...

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
... members. According to the committee, an increase to insurance premiums as a result of the overall risk profile of group insured members shifting in response to the legislation would serve only to demonstrate "the substantial cross-subsidies that are ...

Industry fund to increase premiums

KARREN VERGARA  |  MONDAY, 8 JUL 2019
... approved. Previously, if a claim for TPD was approved after meeting definitions, members were paid 60% of the TPD sum insured, while the remaining 40% would be assessed at a later date. The timeframe for terminal illness insurance benefit payments will ...

Super fund introduces further group insurance changes

KARREN VERGARA  |  MONDAY, 1 JUL 2019
... super fund said. "To recognise this, we have introduced gender-based pricing." Members can apply for an early release of insured death benefits if they suffer from an illness that will lead to death within 12 months. This timeframe will change to 24 ...

Group insured, advised clients better off

HARRISON WORLEY  |  FRIDAY, 28 JUN 2019
A joint-project on life insurance claims and disputes has revealed group insured and advised clients are better off when it comes to life policies. Just the second publication to use the full data set from ASIC and APRA's initiative since its launch ...