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Showing 101 - 110 of 455 results for "group insurance"

Legalsuper appoints executive, increases premiums

JAMIE WILLIAMSON  |  MONDAY, 14 SEP 2020
... independent review of the increases proposed by OnePath to ensure a robust process. Proebstl flagged that its group insurance mandate will likely be put to tender down the line following a review of its insured benefit design. The last time a thorough ...

Industry fund hikes premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 9 SEP 2020
... rates will remain competitive," Intrust said. Income protection premiums will not change, the fund said. Intrust's group insurance is provided by AIA Australia and has been for the last 12 months. Prior to this, the mandate sat with Hannover Life Re ...

Hostplus ups income protection premiums by 73%

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... "The introduction of these reforms has resulted in a significant decrease in the number of members covered by our group insurance policy," the fund said. "Considering the reforms, changes to membership demographics and an increase in disability claim ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
... default settings for insurance coverage is a key component of a trustee's responsibilities in relation to group insurance, she said. "Trustees should ensure that members are not disadvantaged due to disengagement or inertia," Press said. "I strongly ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... "shunted" into a form of limited insurance coverage. These consumers that find themselves with limited cover in group insurance policies and being assessed against ADLs are likely to be paying the same premiums as their full time, permanently employed ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... needs to focus on creating awareness for its members as it is faced with negative sentiment, specifically around group insurance, the FSC Life Insurance Summit has heard. KPMG, on behalf of the Financial Services Council (FSC), revealed there was more ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... handing a 16-year-old the car keys and a slab of beer," she said. She added that she particularly wants to see the group insurance sector innovate to make sure consumers are getting value from the policies they pay for out of their retirement savings. ...

Research slams ADL definition

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... 94% of people who were already unemployed when making a claim had to meet the ADL definitions. In the sample of group insurance policies looked at by Super Consumers Australia, 56% included terms that require unemployed people to claim under a restrictive ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
Westpac's BT super has awarded a group insurance mandate, switching members away from Westpac Life Insurance Services. AIA Australia has been appointed as the new group insurer, with the change coming into effect from 1 July 2020. The change will impact ...

Life insurance activity rises: MetLife

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... Additionally, more than half (52%) are keen to receive information regarding life insurance inside their super. Head of group insurance at MetLife Australia James Carey said the spike in interest in super and insurance was understandable, given the ongoing ...