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Showing 101 - 110 of 440 results for "TPD"

Industry fund swaps insurers

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... Super has chosen OnePath after a rigorous tender process, the fund told members, while notifying them of changes to death and TPD cover. The change builds from September last year when Energy Super transitioned its income protection from MLC to OnePath. ...

AustralianSuper increases premiums

JAMIE WILLIAMSON  |  THURSDAY, 9 APR 2020
... earlier this year and determined the need for premiums to go up. From May 30 death cover will increase by an average of 2.3%; TPD will go up by an average of 17%; and income protection will cost, on average, 19.3% more. "Whilst there is never a good ...

Statewide revises down investment objectives, ups fees

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... Meanwhile, Statewide members will soon be paying cheaper insurance premiums. Death only premiums will reduce by 22.7%, death and TPD by 2.6% and income protection by 1.1%. Statewide's group insurance is provided by MetLife. "A number of months ago ...

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... base premium rates for its stepped and hybrid premium lump sum cover, while also reducing size discounts for lower Life and TPD cover amounts, and for higher Trauma cover amounts. Across its stepped and hybrid income protection products the firm will ...

BT's transition not so super

KANIKA SOOD  |  MONDAY, 9 MAR 2020
... is in line with lower mortality rates and fewer financial dependents for members below 35, and allows for a higher level of TPD cover as the period of disablement would be longer. Member support services clogged The changes coincided with BT pulling ...

Group premiums rise 34%

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... the insurance premiums that members pay," Defence Bank said. Both funds said for members with only death cover, or death and TPD cover, or those with income protection cover will see insurance premiums increase 34%. Crescent Wealth said the group insurance ...

Cbus overhauls insurance offering

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
Cbus is changing the way it calculates insurance premiums, with members set to pay more for death and TPD insurance cover. From April 1, Cbus members' insurance premiums will be based on their age in a move designed to more closely reflect what it costs ...

TAL loses super fund mandate

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
... a reduction in premiums for the majority of members and improvement in a number of policy terms and definitions for death, TPD and income protection cover. "Whilst every effort has been made to reduce premiums for all members, a small number of members ...

Industry fund bumps up premiums

JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
... industry superannuation fund are set to pay higher insurance premiums from April 1, with some paying up to 20% more for death and TPD. VicSuper has notified members their insurance premiums are increasing as a result of the Protecting Your Super and ...

HESTA hikes default insurance cover

KANIKA SOOD  |  THURSDAY, 13 FEB 2020
... income protection (IP) to age 67 and two units of death cover to age 75. It does not include total permanent disability cover (TPD). Effective April, the cost of IP will go up, while the cost of death cover will come down. The net effect spells an increase ...