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Showing 231 - 240 of 380 results for "Insurance premiums"

Industry fund reduces insurance premiums

EMMA RAPAPORT  |  TUESDAY, 4 JUL 2017
An industry super fund will reduce its insurance premiums by 6% and has pledged to lock the reductions until 2020. From 1 July 2017, Hostplus members will receive at least a 6% reduction to Death and Total and Permanent Disablement (TPD) premiums. Hostplus ...

Disengaged members vulnerable in super

EMMA RAPAPORT  |  MONDAY, 3 JUL 2017
... were using inappropriate defaults such as treating members as "smokers" for the purpose of calculating their insurance premiums without knowing whether the members smokes or not. ASIC also highlighted a number of key areas for improvement, including ...

Insurer must refund $330k

EMMA RAPAPORT  |  WEDNESDAY, 21 JUN 2017
... expert approved by ASIC, to review its compliance practices and report to ASIC; and Refund more than $330,000 in insurance premiums to more than 500 customers. "Customers should be confident that when they purchase an insurance policy, that they can ...

The changing face of underwriting

JAMIE WILLIAMSON  |  WEDNESDAY, 14 JUN 2017
Facial analytics may play a key role in calculating future life insurance premiums thanks to a North Carolina technology firm claiming its platform returns lifespan estimates more accurate than traditional methods. Lapetus Life Event Solutions recently ...

Kinetic Super improves insurance offering

EMMA RAPAPORT  |  WEDNESDAY, 31 MAY 2017
... generally can't afford or don't want high levels of insurance cover." The insurance switch-off feature acts so that insurance premiums are switched off after a period of account inactivity, if a member's account balance is $6000 or less and they haven't ...

Life insurance market flat: Research

KARREN VERGARA  |  MONDAY, 22 MAY 2017
... Greenstone/Hannover (8%), OnePath Australia (8%) and NAB/MLC (7%). When comparing advised premiums against direct insurance premiums, direct premiums were found to be more expensive across life, trauma and income protection. "The gap between advised ...

Beneficiaries unfamiliar with death benefits

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... members' death benefits (21.5%) was the biggest source of complaints for the SCT, followed by the deduction of insurance premiums (11.5%), and queries about account balances (6%). It resolved 508 of the 562 complaints it received, with 8% of the complaints ...

Asteron Life rewards healthy lifestyles

EMMA RAPAPORT  |  MONDAY, 24 APR 2017
... offers healthy members discounts on shopping, entertainment and travel purchases, and discounts on eligible insurance premiums. TAL Health Sense: Fit for Life provides an automatic discount of 7.5% for clients who fit within a specific BMI range and ...

Industry model costing good advisers

KARREN VERGARA  |  MONDAY, 3 APR 2017
... particularly when all advisers have already had to bear a raft of costs, including increased professional indemnity insurance premiums and costs associated with upgrading fee disclosure statements and incorporating opt-in arrangements." Any further increase ...

Super industry accepts group insurance needs work

DARREN SNYDER  |  THURSDAY, 9 MAR 2017
... trustees and insurers. In its first discussion paper the ISWG specifically looks at account balance erosion due to insurance premiums. It examines how to address the issue of members paying for cover they don't need through having multiple super accounts. ...