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Showing 181 - 190 of 513 results for "TPD"

TAL loses super fund mandate

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
... a reduction in premiums for the majority of members and improvement in a number of policy terms and definitions for death, TPD and income protection cover. "Whilst every effort has been made to reduce premiums for all members, a small number of members ...

Industry fund bumps up premiums

JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
... industry superannuation fund are set to pay higher insurance premiums from April 1, with some paying up to 20% more for death and TPD. VicSuper has notified members their insurance premiums are increasing as a result of the Protecting Your Super and ...

HESTA hikes default insurance cover

KANIKA SOOD  |  THURSDAY, 13 FEB 2020
... income protection (IP) to age 67 and two units of death cover to age 75. It does not include total permanent disability cover (TPD). Effective April, the cost of IP will go up, while the cost of death cover will come down. The net effect spells an increase ...

QSuper member drags board to court, loses

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... out. Queensland resident Daniel Chapman went to the Federal Court wanting QSuper to pay him a greater interest on a delayed TPD benefit -- an appeal that had already been thrown out by the Superannuation Complaints Tribunal. Chapman alleged that the ...

AMP faces fresh class action

ALLY SELBY  |  WEDNESDAY, 12 FEB 2020
... their personal insurances." The class action is open to anyone who obtained an AMP Flexible Lifetime Policy (including death, TPD, trauma, income protection and business protection insurance) from 2013 onwards from AMP Financial Planning, Charter Financial ...

New super fund targets millennials

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... 1.63%). As for insurance, Rainmaker analysis found a 40-year-old male would be paying $900.55 annually for a standard Death & TPD cover of $310,000. For the same cover a female would be paying premiums of $734.39 annually. This means that for every $1 ...

Industry fund ups fees ahead of merger

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... the cost of insurance," the fund said. Members between the ages of 27 and 55 will see the cost per week of their death and TPD cover increase from $7.47 to $9.06. In November last year, MTAA and Tasplan announced the merger would go ahead to create a ...

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
... November 2013, it took over as the default insurer for the fund as APRA made it compulsory for super funds to provide death and TPD insurance as a part of their MySuper offering. "We have had a strong relationship with the team at MLC Life Insurance ...

Industry fund previews new insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... line with the new cover. There will be no change to members' cover until March 31 and, from April 1, the level of life and TPD cover will remain the same. In addition to several other changes, new life event cover will be introduced, allowing members ...

Industry fund appoints new group insurer, ups indirect fee

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2019
... Hannover Life Re. The mandate change was effective September 28, with AIA now providing Intrust's members with death and TPD cover. Intrust Super chief executive Brendan O'Farrell told Financial Standard it was AIA's attention to detail and ...