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Showing 11 - 20 of 256 results for "Insured"

Equip Super rejigs insurance fees, policy terms

KARREN VERGARA  |  WEDNESDAY, 3 SEP 2025
... death, TPD and income protection policies will be removed for accumulation and defined benefit members. From October 1, an insured person who travels to a country listed on the Department of Foreign Affairs and Trade website will be subject to a "do ...

HESTA to lower insurance fees

ELIZA BAVIN  |  TUESDAY, 12 AUG 2025
HESTA it will reduce fees for insured members on their current levels of cover after re-appointing AIA Australia as its insurance partner. HESTA chief executive Debby Blakey said the renewed partnership demonstrated the fund's commitment to providing ...

AMP actions impacted 'hundreds of thousands' of customers: Shine

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... thousands of Australians who it alleges were charged excessive insurance premiums within AMP superannuation funds and insured by AMP Life. The firm alleges that NM Superannuation Pty Limited and AMP Superannuation Limited (the AMP trustees) failed to ...

Australian Ethical drops fees

ELIZA BAVIN  |  FRIDAY, 27 JUN 2025
... administration costs," Australian Ethical said. "We believe that the introduction of the insurance fee that will apply only to insured members, and the resulting reduction in administration fees for all members, is the most equitable way to pay for insurance ...

GESB to roll out premium changes

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... is, depending on members' individual circumstances. A 40-year-old male with TPD only will now pay 0.99c per $1000 amount insured, up from 0.93c. A woman of the same age with the same cover will now pay 0.90c compared to 0.85c pre-July 1. For members ...

BUSSQ lowers administration fees

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
... the benefit of this will no longer be paid to members. "Currently, BUSSQ passes the benefit of this tax deduction on to insured members in the form of reduced premiums. From 1 July 2025, the benefit of any tax deduction available to the fund will be ...

DII drives life insurance disputes: APRA

KARREN VERGARA  |  THURSDAY, 17 APR 2025
... The latest statistics show that advised customers paid a total of $3.2 billion in annual DII premiums for 676,000 lives insured last year. TAL and Zurich Australia possess between 21-22% respectively of the advised market. Some 4.3 million group super ...

Coalition targets 'ambitious' goal of 30k advisers

ELIZA BAVIN  |  TUESDAY, 15 APR 2025
... "Labor has left Australia dangerously unprepared for future economic shocks, leaving Australians under-advised, under-insured, and under-banked," Taylor said. "A Coalition government will rebuild the advice industry and make it a more attractive profession ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... for those with low balances, inactive accounts, or those aged under 25 - taking a sledgehammer to the number of people insured through superannuation for death benefits. Intended to prevent insurance premiums from eroding members' account balances ...

TAL changes underwriting limits

KARREN VERGARA  |  MONDAY, 14 OCT 2024
... mandatory medical tests, up from $12,500 per month. TAL said it has also removed some mandatory tests for larger sums insured to further simplify underwriting. It estimates that for new customers, nearly 45% fewer will need to undertake a mandatory medical ...