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Showing 231 - 240 of 994 results for "Premiums"

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... to its insurance offering and announced the closure of its Lifecycle product. Having maintained its level of insurance premiums charged to members since July 2015, LGIA said an increase in claims has forced fees to increase. "Due to recent government ...

Synchron demands clarity from insurers

ELIZABETH MCARTHUR  |  THURSDAY, 18 MAR 2021
... that change ownership - for example from inside to outside super and the other way round, a change from level to stepped premiums and even simple typo corrections to a policy, will mean the policy has to be rewritten, which under the new regime means ...

AustralianSuper introduces insurance changes

KARREN VERGARA  |  WEDNESDAY, 17 MAR 2021
AustralianSuper and its insurer TAL are making several changes to insurance premiums that will amend work-cover ratings and see some members pay lower premiums. Following its annual insurance review, Australia's largest superannuation fund, which ...

Foresight Analytics acquires research firm

ANNABELLE DICKSON  |  MONDAY, 15 MAR 2021
... managed accounts and exchange traded products. It can also create benchmark portfolios/indices for calculation of debt risk premiums. Foresight Analytics founding director Jay Kumar said the complementary services will provide significant value to clients ...

APRA calls out poor group insurance practices

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... resulting in poor outcomes for members, and fearing that history is repeating itself. Between 2012 and 2016, the cost of premiums reduced and benefits increased significantly, while insurers took large hits to their bottom line. Consequently, insurers ...

ASIC takes Statewide Super to court

JAMIE WILLIAMSON  |  THURSDAY, 4 MAR 2021
Just days after taking action against Rest, ASIC has alleged Statewide Super charged insurance premiums to members who didn't hold group cover. ASIC has commenced Federal Court proceedings against the South Australia-based industry superannuation ...

Cost of living eroding super: ASFA

KARREN VERGARA  |  THURSDAY, 4 MAR 2021
... year to live a comfortable retirement. Singles need $44,224 per year. Many retirees had to pay more for health insurance premiums, which increased from 1 October 2020 by around 3%. About 2.2 million Australians aged over 65 have private health insurance ...

Industry fund ups life insurance premiums

JAMIE WILLIAMSON  |  MONDAY, 1 MAR 2021
Members of a $6.7 billion industry superannuation fund will soon see their group insurance premiums rise. LUCRF Super has informed members the cost of death and total and permanent disability, and death only cover as provided by OnePath will go up on ...

Aon, WTW merger will reduce competition: ACCC

ELIZA BAVIN  |  FRIDAY, 19 FEB 2021
... from the markets for commercial risk broking to large customers or those with more complex and/or high-value insurance premiums; reinsurance broking; and employee benefits broking in Australia" ACCC commissioner Stephen Ridgeway said. The regulator said ...

MTAA Super increases premiums amid merger

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... fund MTAA Super, which is due to merge with Tasplan and become Spirit Super on 1 April 2021, has flagged that insurance premiums will be increasing for members. MTAA said that the insurance costs for many members will increase due to government reforms ...