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Showing 221 - 230 of 994 results for "Premiums"

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... presented at the event, said the reality is that advisers are no longer able to work with clients that generate smaller premiums. Risk specialists are also concerned about premiums increasing, he said, and they have to work hard to convince clients to ...

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
... Australia, AMP Life, BT Life Insurance, ClearView, MLC Life Insurance, TAL and Zurich, who collectively hold 95% of written premiums, along with ANZIIF and formalises standards by implementing a consistent 'Foundation' requirement. By 2023, all claims ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... 66%). The claims paid ratio is the dollar amount of claims paid out in the reporting period as a percentage of the annual premiums receivable in the same period. The admittance rates for advised individual claims continued to be higher than non-advised ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
... MySuper. The letters omitted material information about the intended benefits of MySuper, such as lower fees and insurance premiums, ASIC said. The letters also failed to disclose that it would be in Hills' interests if members decided to opt out of ...

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
... junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums. The corporate regulator has exposed dodgy sales of add-on insurance products promoted with credit cards and lines of credit ...

Spirit Super drops fees after merger

KANIKA SOOD  |  THURSDAY, 1 APR 2021
... merger, Tasplan switched its MySuper product from lifecycle to single-strategy, and both funds raised their insurance premiums. MTAA increased its group insurance premiums twice; and Tasplan increased its income protection premiums in September 2020 ...

MetLife expands virtual health service

KARREN VERGARA  |  THURSDAY, 1 APR 2021
... way that is tailored for them. MetLife recently announced several product changes in response to concerns about rising premiums. It will now offer a three-year rate guarantee for all lump sum retail products. For the first three years of a new retail ...

Risk inflows stagnant, satisfaction varies

ANNABELLE DICKSON  |  WEDNESDAY, 31 MAR 2021
... Life showed total inflows increased 0.5% to $16.3 billion with just a 0.9% increase in inflows to individual lump sum premiums. Only ClearView (4.6%), Zurich (4.4%), TAL (2.4%) and MLC (1.8%) recording increases in their inflows, while the remainder ...

ClearView bolsters team

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
... focus on delivering contemporary, fit-for-purpose solutions that offer greater certainty and stability of benefits and premiums for customers and advisers." Kulikov joins from Reinsurance Group of America where he was chief risk officer for Australia ...

MetLife announces suite of product changes

ELIZABETH MCARTHUR  |  MONDAY, 29 MAR 2021
MetLife has made a range of product changes, attempting to address concerns about rising premiums. The insurer will now offer a three-year rate guarantee for all lump sum retail products. For the first three years of a new retail policy, MetLife will ...