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Showing 181 - 190 of 566 results for "Income Protection"

What people really think about life commissions

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... ASIC data shows on life policies bought through financial advisers 96% of death claims are paid out, 95% of income protection claims and 87% of total and permanent disability claims.

Free advice for bushfire victims

ELIZA BAVIN  |  MONDAY, 13 JAN 2020
... loan repayments, a one-off three month waiver form paying AMP life, total and permanent disability, trauma, income protection and business expenses insurance premiums. The package also includes the earl release of superannuation funds to help with expenses ...

MLC Life Insurance under review

ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
Australia's life insurance industry is facing deteriorating profitability in relation to income protection products, according to MLC Life Insurance owner Nippon Life. The Japan-based majority shareholder of MLC Life purchased the business off National ...

TAL loses group insurance mandate

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... Federal Court over a 2014 case highlighted by the Royal Commission last year. ASIC is alleging TAL voided an income protection claim, saying the customer had failed to disclose unrelated prior medical history. The claim was in regards to a diagnosis ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... alleging the insurance giant breached the ASIC Act, Corporations Act and Insurance Contracts Acts in avoiding an income protection claim in 2014. According to ASIC's allegations, a consumer made a claim under their income protection policy in January ...

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
... unique occupations, it can be difficult for some of our members to obtain total and permanent disablement and income protection insurance cover," she said. "Qantas Super's insurance is a key benefit for our members, because it has been designed with ...

Industry fund previews new insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... all members aged between 18 and 70 years. Members will also be able to transfer any existing death, TPD and income protection cover they have into Rest, even if it's not with a super fund. Rest will also change its default income protection benefit period ...

Politician urges Treasurer to protect advisers

ELIZABETH MCARTHUR  |  FRIDAY, 22 NOV 2019
... areas that are relevant to their clients. Steggall requested: "That risk advisers who deal only with life cover, income protection, trauma cover etc. need not participate in areas covered in the new courses such as financial markets, financial products ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... environment life insurers were operating in, and said there was "no simple solution to the very poor experience of income protection business". "The extensive regulatory changes for life companies are impacting the expense line and investment budgets ...

Retail fund renews insurer, cuts premiums

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
... Life for three years starting December 1. The mandate is for death, total and permanent disablement (TPD) and income protection (IP) cover. The fund is managed by Mercer and operates as a sub-plan of the Mercer Super Trust. It had about $670 million ...