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Showing 151 - 160 of 570 results for "Income Protection"

Tasplan raises IP premiums

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
The cost of income protection cover via Tasplan will go up by 7.3% at the end of September. Tasplan attributed the increase to the trio of recent legislative reforms, current economic environment and increase in insurance benefits being paid to members. ...

Australian Ethical rejigs insurance

ANNABELLE DICKSON  |  TUESDAY, 15 SEP 2020
... changes to default death and total permanent disability (TPD) cover and fixed cover which includes death, TPD and income protection. The default death and TPD cover which was previously provided as three units under a unitised scale will move to an age-based ...

Industry fund hikes premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 9 SEP 2020
... value for many years, and so, despite the increase, we expect our 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 ...

Super fund expands investment exclusions

ELIZA BAVIN  |  FRIDAY, 4 SEP 2020
... said. Additionally, the fund said it has removed the pandemic exclusion that was included in death, TPD and income protection cover. "Our insurer previously had the right to invoke a clause to exclude the payment of death benefits in certain circumstances ...

Hostplus ups income protection premiums by 73%

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... insurance premiums for Hostplus members will increase from 1 October 2020. Salary continuance will also be renamed income protection at the start of October. The biggest increase will hit those with non-default salary continuance policies with a 'to ...

Law firm slams insurer mental health policies

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... sceptical about the industry saying it could not afford to accept increased total and permanent disability and income protection claims, and the proposal allowing people to be better supported. "Insurers already make it as difficult as possible for people ...

AMP, BT and CBA to face class action

ELIZABETH MCARTHUR  |  FRIDAY, 31 JUL 2020
... commenced against AMP Life Limited. Shine is alleging that BT and CBA also sold customers overpriced in-house life, income protection and total and permanent disability insurance but so far proceedings have only been filed against AMP. "We argue all ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... million covers, 90% of lodged claims were paid and the highest cause of claim was mental health at 25%. For income protection/disability income there were 5.8 million covers in force, 95% of lodged claims were paid and the highest cause of claim was ...

FSC reveals life insurance data

ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
Cancer is still the biggest killer of both men and women, while women are more likely to claim income protection for mental health reasons, according to the Financial Services Council. The FSC said it is using Life Insurance Awareness week as an opportunity ...

Super fund COVID-19 requirements to remain

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... Protecting Your Super reforms. For the monthly reports, APRA clarified the monthly benefit is to be reported for income protection insurance claims rather than the value of the claim and that the claim duration refers to the time period between receipt ...