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Showing 191 - 200 of 513 results for "TPD"

Retail fund renews insurer, cuts premiums

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
... Super has renewed OnePath 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. ...

ASIC eyes claims handling

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... and the claims handling processes of insurers are well within ASIC's sights. Following the release of an ASIC review into TPD which found significant, industry wide problems with product design and claims handling the regulator has reaffirmed its focus ...

Super fund bumps up premiums

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
... industry superannuation fund. As of this month, First Super and its group insurer MetLife have bumped up the cost of death, TPD and voluntary income protection cover. According to the fund, the increase is a fixed percentage increase dependent on age ...

MLC Life wins group insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
... insurer for Generali Employee Benefits (GEB) for its multi-national clients. The insurer will provide group cover for death, TPD and income protection, and access to its Best Doctors and Mental Health Navigator programs. "MLC Life Insurance is delighted ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... insurance cover will automatically receive the cover they are eligible for and fixed cover equal to any additional death or TPD cover they already held. They will also be entitled to automatic income protection cover where applicable. Again similar to ...

Industry fund changes insurer

KANIKA SOOD  |  FRIDAY, 8 NOV 2019
... period of life when financial commitments are typically the highest (young children, mortgages etc)," it said. Similarly, the TPD cover is going down for younger and older members, except for the 35-39 age (roughly). "The same rationale has been applied ...

Industry fund hikes insurance premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... the rise to increased claims and the Protecting Your Super reforms. A 45-year-old member with $220,000 in basic death and TPD cover will now pay 58% more for insurance, with their premiums jumping from $4.51 a week to $7.12. This includes a 12% administration ...

TPD riddled with issues: ASIC

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... who pay for the cover can't rely on it when they need it the most. "Over 12 million Australian workers automatically pay for TPD cover through their superannuation to provide financial protection when they are so sick or injured that they can never work ...

Mental health tops TPD claims

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
... permanent disability claims have been revealed in new research, and mental health tops the list. Life insurers pay out more on TPD claims caused by mental health conditions than any other kind of condition, according to the latest six-monthly analysis ...

Senate secures members' interest changes

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... recognise that there are cohorts of members who work in at-risk occupations who will benefit from the protection of life and TPD insurance," Scheerlinck said. "Trustees will now need to work through how they will practically implement the dangerous occupation ...