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Showing 101 - 110 of 994 results for "Premiums"

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... retirement savings elsewhere. As part of the merger, CBA Group Super said most members will see a decrease in insurance premiums across death, TPD, and salary continuance cover. Death and TPD premiums are expected to drop by an average of 26%, while ...

Risk sector grows 4%: Research

KARREN VERGARA  |  FRIDAY, 29 SEP 2023
... this sector with $3 billion while AIA Australia has $1.6 billion and 23% market share. Within individual risk lump sum premiums worth $7.9 billion, this category grew 3% year on year, driven by NobleOak (26.3%) to reach $181 million. ClearView (7.5%) ...

MLC Life unveils retail discounts

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... eligible lump sum covers for customers who bundle with their income protection cover. Vivo Incentive has a 7.5% discount on premiums for customers within a certain BMI of 18.5 and 28.5 (inclusive). Income Protection Large Case Discount has between 7% ...

ClearView welcomes chief of staff

CASSANDRA BALDINI  |  MONDAY, 18 SEP 2023
... strategic decision to exclusively focus on the life insurance market had paid off, resulting in growth in both its in-force premiums and new business. As of 30 June 2023, the group said it had $305.9 million in in-force life insurance premiums. It further ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... costs go up, Spirit Super is introducing an insurance administration fee at the end of the month. While their insurance premiums and the amount of cover will remain as is, from September 30 Spirit Super members will start paying an insurance administration ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... decade. In May, AustralianSuper announced it would be refunding close to $70 million in administration fees and insurance premiums to about 100,000 members whose multiple accounts had gone undetected. The average impacted member was to receive $650. ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... $532 million in December 2018 to $267 million in March 2023. Despite the challenges, Integrity Life said its in-force premiums have skyrocketed from $22.2 million in March 2021 to $140.3 million in June 2023. The number of lives insured by Integrity ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
ClearView's decision to target the life insurance market solely is paying off as it grows its in-force premiums during the 2023 financial year and new business pours in. ClearView's new business sales was driven solely by its ClearChoice products suite ...

Super funds prime distributor of death, TPD cover

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
Australians paid an estimated $13 billion in death and TPD premiums last year, more than half of which through superannuation funds, Rainmaker Information says. While the amount paid was up 5.5% per annum over the last decade, this rate of growth has ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
An industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in ...