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Showing 161 - 170 of 570 results for "Income Protection"

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 ...

Industry fund swaps insurers

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
... changes to death and TPD cover. The change builds from September last year when Energy Super transitioned its income protection from MLC to OnePath. The fund said costs for some members will go up. There are no changes for defined benefit members. "Since ...

Risk advisers under fire

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... group total and permanent disability insurance was 85%, compared to 45% on retail policies. "It also shows that income protection through super led to just 33.7 disputes per 100,000 people insured, compared to retail income protection policies, which ...

AustralianSuper increases premiums

JAMIE WILLIAMSON  |  THURSDAY, 9 APR 2020
... go up. From May 30 death cover will increase by an average of 2.3%; TPD will go up by an average of 17%; and income protection will cost, on average, 19.3% more. "Whilst there is never a good time for an increase in costs we do understand that in the ...

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... future holds. The firm said the pandemic posed an especially difficult set of challenges for those offering income protection products, noting recent APRA profit margin figures - released pre-COVID-19 - show insurers and reinsurers are bleeding worse ...

PMIF sees premiums rise for first time in 12 years

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 APR 2020
... legislation. ESSSuper put insurance premiums on death only and death and total and permanent disability up by 5%. Income protection premiums will remain unchanged for ESSSuper members. "Following a review of our insurance premiums and as a result of ...

Statewide revises down investment objectives, ups fees

ELIZABETH MCARTHUR  |  TUESDAY, 31 MAR 2020
... soon be paying cheaper insurance premiums. Death only premiums will reduce by 22.7%, death and TPD by 2.6% and income protection by 1.1%. Statewide's group insurance is provided by MetLife. "A number of months ago, based on the increasing costs associated­­­ ...