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Showing 121 - 130 of 256 results for "Insured"

Small licensees are PI insurance compliant: ASIC

KARREN VERGARA  |  WEDNESDAY, 30 AUG 2017
... this is by having PI insurance cover. PI insurance is not designed to protect consumers directly, rather to protect the insured or the licensee against the risk of financial losses arising from poor quality services such as poor advice or the execution ...

ANZ revamps life insurance offering

KARREN VERGARA  |  FRIDAY, 25 AUG 2017
... policies or might be new. Severity Trauma's three-tiered payment structure provides a customer with 10% of the amount insured on diagnosis, 50% of the amount insured if their condition causes some impairment, and 100% of the amount insured if they suffer ...

Complex operations leaving life customers confused

KARREN VERGARA  |  FRIDAY, 18 AUG 2017
... improving and modernising the life insurance industry, and leaving customers very confused as to exactly what they are insured for, a public hearing found. TAL group chief executive and managing director Brett Clark told the Senate Parliamentary Joint ...

CBA chief executive will stand down

EMMA RAPAPORT  |  MONDAY, 14 AUG 2017
... claim the insurance. CBA is also refunding approximately $586,000 in premiums to about 10,000 customers after it over-insured these customers for Home Loan Protection CCI taken out with a Commonwealth Bank home loan, resulting in the over-charging of ...

AMP prioritises reinsurance, grows advice arm

KARREN VERGARA  |  THURSDAY, 10 AUG 2017
... business will be "much less volatile" following the implementation of the new reinsurance program as "we've effectively insured ourselves against a large portion of potential claims." The wealth protection business delivered operating earnings of $52 ...

AIA announces pricing changes

KARREN VERGARA  |  MONDAY, 7 AUG 2017
... the changes. Existing policyholders will not be impacted, the life insurer said. Under its newly introduced large sum insured discount band, new members with higher amounts of life cover and term cover (between $750,000 and $1 million) will be eligible ...

Advisers must seek alternative estate planning options: Austock

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... Austock continues: "A bond can be structured to achieve intergenerational wealth transfers by using the multiple Life Insured feature, which can allow a bond's legal ownership to continue after the bond owner's death, in the hands of a trustee, executor ...

Review life insurance ahead of super reforms: BT

KARREN VERGARA  |  TUESDAY, 6 JUN 2017
... solutions at any time, with some policies allowing increases to covers periodically such as every three years. The sum insured under the Future Insurability Benefit for instance, can be increased without further medical underwriting when certain life ...

AMP improves life insurance offering

KARREN VERGARA  |  TUESDAY, 6 JUN 2017
... permanent and death (TPD) claim without providing additional medical information. Customers can also apply for a TPD sum insured higher than their life insurance sum insured through their super. This is especially important for people without dependents ...

FSC launches draft APL standard for risk advice

ALEX BURKE  |  THURSDAY, 13 APR 2017
... may involve a trade-off between cost (premium) and the benefit or features of products, including definitions and sums insured required to address the client needs. As a result, the APL should be diverse and not looking solely for risk products that ...