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Showing 141 - 150 of 455 results for "group insurance"

Unfair contract terms extended to insurance

KARREN VERGARA  |  FRIDAY, 2 AUG 2019
... regime. For example, death benefit nominees under a life insurance policy or individuals covered under certain group insurance policies can likely bring actions under the UCT in relation to contracts covered by the regime, the explanatory memorandum ...

Member interests delay recommended

HARRISON WORLEY  |  WEDNESDAY, 24 JUL 2019
... inquiry a major opportunity to "protect the interests of the nation's most vulnerable people and the integrity of group insurance", and slammed the implementation delay. "The industry is already going through major changes to implementing Protecting ...

Super body opposes member interests bill

HARRISON WORLEY  |  MONDAY, 22 JUL 2019
... protection and life cover as "totally unacceptable" given most Australian's only hold those policies through group insurance. Also taking the opportunity to smash the bill's proposed implementation deadline, WIS said rushing through the bill ...

Advice associations weigh in on member interests bill

HARRISON WORLEY  |  FRIDAY, 19 JUL 2019
... positing that Australia suffers from an underinsurance problem which it said was in some ways mitigated by the group insurance system. According to the FPA, some insurance coverage is necessary for young Australians, such as total and permanent disability ...

CFS hires executive manager of insurance

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... executive manager of insurance from AIA Australia. Baneesha Narang joins CFS after working as a technical manager of group insurance at AIA Australia for over eight years. Prior to that, she was an assistant product manager at AMP and portfolio manager ...

NFP funds dominate group insurance market

KARREN VERGARA  |  THURSDAY, 18 JUL 2019
While not-for-profit funds continue to hold the lions' share of the group insurance market, new research reveals corporate fund members are more likely to take-up default insurance. After examining insurance options available via 220 products, Rainmaker's ...

Reform implementation timeframe too short: AustralianSuper

HARRISON WORLEY  |  WEDNESDAY, 17 JUL 2019
... "high-risk" occupations, and Mine Super added they were often ineligible for retail cover and uninsurable beyond group insurance. "An overwhelming majority of Mine Super members are employed in high-risk occupations. More than half of all members are ...

QSuper lowers balanced fund fees

KARREN VERGARA  |  TUESDAY, 2 JUL 2019
... Members invested in QSuper's default balanced option will benefit from lower investment fees. In addition to the group insurance policy changes the $72 billion super fund introduced on July 1, investment fee changes have been rolled out. Investment fees ...

Super fund introduces further group insurance changes

KARREN VERGARA  |  MONDAY, 1 JUL 2019
A $15 billion superannuation fund is making several changes to its group insurance offering in addition to the July 1 changes, which will see some members pay more for cover. CareSuper is moving from a unit-based cover for standard death and TPD insurance ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
The PYS package, effective today, has forced the sector to consider changes to fee structures and group insurance premiums. With the package set to cap the amount of fees that can be charged to low-balance members and divert low-balance accounts deemed ...