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Showing 231 - 240 of 513 results for "TPD"

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... superannuation trustees, which included 11 life insurance providers. From the outset, there was "a very high level of variation" in TPD definitions used in the insurance products offered through the super funds. These variations make it difficult for ...

BT overhauls life cover limits and definitions

JAMIE WILLIAMSON  |  WEDNESDAY, 29 AUG 2018
... farmers will now be able to access up to $5 million in total permanent disability cover. Meanwhile, the amount of Term Life and TPD cover made available to homemakers has increased to $2.5 million and the limit on living insurance has been raised to ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... insurance in superannuation announced in the 2018/19 budget are implemented, KPMG warned. The profitability of products such as TPD, trauma and disability income, continue to be an issue. Claims management initiatives alone are unlikely to be sufficient ...

Same insurance cover, different price: Research

KARREN VERGARA  |  TUESDAY, 3 JUL 2018
... contracted a major illness would only have to prove that they can no longer perform their regular job. But in most current TPD policies, to successfully claim against these policies they will now have to prove they can no longer perform any job aligned ...

ASIC takes civil action against AMP

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
... The practice allowed planners to receive higher commissions than normal by advising clients to cancel their existing life, TPD, trauma and income protection insurance policies. By advising clients to take out new replacement policies instead, planners ...

Efficiency and transparency drive client satisfaction during life claims: Beddoes

HARRISON WORLEY  |  THURSDAY, 21 JUN 2018
... assessment, payment, claims staff and ongoing claims management. The report tracks the experience of customers with a paid TPD, trauma or income protection claim against the core aspects. Five-hundred recent claims customers who took out a policy through ...

Super State of Origin: Who wins?

DARREN SNYDER  |  WEDNESDAY, 6 JUN 2018
... product between the two states. On average, a 25-year-old will pay more per week for Death and Total and Permanent Disablement (TPD) insurance in a NSW superannuation fund. Again NSW has the most expensive and cheapest MySuper product when it comes to ...

Life insurance data improving: Regulators

HARRISON WORLEY  |  FRIDAY, 25 MAY 2018
... individual non-advised cover in every instance. Individual non-advised claimants suffered particularly lower admittance in TPD cover, registering 67% while group was admitted at an 84% rate, with individual-advised reaching 86%. Death cover achieved ...

Life insurers should fund medical rehabilitation: MLC

KANIKA SOOD  |  MONDAY, 21 MAY 2018
... through income protection (IP) products (including Group Salary Continuance products) and Total and Permanent Disability (TPD) products, MLC said in its submission. MLC Life Insurance chief claims officer Natalie Cameron said the change could benefit ...

Industry fund simplifies super access

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... balances. The two entities have worked together since 1988. In November 2017 the super fund reduced the rate of life insurance and TPD premiums by 7%, locked in for three years. It previously did the same for income protection cover.