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Showing 151 - 160 of 566 results for "Income protection"

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 ...

Qantas Super awards insurance mandate

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... for standard/basic cover and voluntary cover from 1 August 2020. The fund added there will also be changes to income protection cover while members are on leave without pay from 1 August 2020. In December last year, Qantas Super said it has mandated ...

Industry fund ups insurance premiums

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... cost $0.69. Currently, the same member would be charged $1.06 for combined cover and 0.62 for death only cover. Income protection cover is also more expensive, with a member turning 45 at their next birthday charged, $131.78 for a 30 day waiting period ...

Is a market turning point around the corner?

HARRISON WORLEY  |  WEDNESDAY, 10 JUN 2020
... require a change in the "current narrow narrative as economies cyclically recover and stimulus switches from income protection to investment". "Given the extreme level of multiple dispersion, tomorrow's market leaders are most likely to be misunderstood ...

Life insurance activity rises: MetLife

ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... Since the outbreak of COVID-19, MetLife said it has experienced a marked increase in enquiries for life and income protection insurance. "While it's encouraging to see so many Australians, particularly those in the younger age bracket, take active steps ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN  |   12:33PM
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA  |   11:56AM
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI  |   11:09AM
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA  |   12:20PM
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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