Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 29 results for "Death claims"

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... often complex, but that super funds have been focused on "unpicking the barriers" to better serve their members. "Death claims in particular are complex, and usually deal with an untimely death. It is complex by nature because there is the insurance ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... impacted, 4366 of which took more than 12 months to be resolved and only 830 were resolved within 90 days. About 3600 death claims were impacted, 1946 of which took more than 12 months to be processed. "Cbus is sorry that delays have been experienced ...

AustralianSuper in talks to extend administration services mandate

ANDREW MCKEAN  |  FRIDAY, 15 DEC 2023
... conditions for ongoing service delivery, particularly as the super fund takes on internalising complex processes such as death claims and member complaints. Notably, AustralianSuper has today flagged that it will insource death claims management with ...

Cbus informs members of premium changes

JAMIE WILLIAMSON  |  TUESDAY, 4 JUL 2023
... 97.6% of all claims made in the three years to December end were paid, including 97% of all TPD claims and 100% of death claims. This came to a total of $849 million paid over the period across 8140 claims. Cbus' group insurance is provided by TAL.

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... also showed that AIA, Hannover Re, MetLife, MLC, Qinsure, RLA, TAL, and Zurich had a high percentage of finalised death claims, ranging from 90% to 98%, with an average duration of around one month. On the other hand, for total and permanent disability ...

Cbus changes insurance premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 AUG 2021
... changes to Sole Trader members next year. In the three years to June end, on average 96% of TPD claims and 100% of death claims were paid, according to the fund.

FSC reveals life insurance data

ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
... between men and women and across all three product lines the messages are clear." The data revealed the top cause of death claims for both men and women is cancer, however for men it accounts for 39% of all death claims and for women it accounts for ...

What people really think about life commissions

ELIZABETH MCARTHUR  |  TUESDAY, 21 JAN 2020
... insurance company would actually pay out. But, ASIC data shows on life policies bought through financial advisers 96% of death claims are paid out, 95% of income protection claims and 87% of total and permanent disability claims.

SCA drags AMP over claim delays

ALLY SELBY  |  TUESDAY, 10 DEC 2019
... advocate in the superannuation sector lashed out at AMP for falling well behind its competitors. The data revealed death claims on average are finalized in 1.2 months, with 76.3% of claims finalised within two weeks. AMP, on the other hand, took an average ...

Group insured, advised clients better off

HARRISON WORLEY  |  FRIDAY, 28 JUN 2019
... admittance rates for individual advised clients were generally higher than for those without an adviser. Advised client death claims were admitted on 96% of occasions, while non-advised death claims sat at 88%. Similarly, total permanent disability admittance ...