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Showing 11 - 20 of 43 results for "Total permanent disability"

Australian Ethical rejigs insurance

ANNABELLE DICKSON  |  TUESDAY, 15 SEP 2020
... fund has issued a significant event notice to its members outlining the changes to default death and total permanent disability (TPD) cover and fixed cover which includes death, TPD and income protection. The default death and TPD cover which was previously ...

ERS sees Cbus members forfeit TPD cover

ANNABELLE DICKSON  |  FRIDAY, 11 SEP 2020
... detrimental to many Cbus members, having withdrawn their entire balance and seeing the cancellation of their total permanent disability insurance. Speaking at the House of Representatives Standing Committee on Economics Cbus chief executive Justin Arter ...

FSC reveals life insurance data

ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
... accounting for 20%, whereas for women it's the third most common cause at 7% of female deaths. For total permanent disability (TPD) claims, mental health disorders top the list for both men and women at 24% and 27% respectively. Similarly, accidents ...

Public super fund rejigs offering

KANIKA SOOD  |  WEDNESDAY, 17 JUN 2020
... at least 12 continuous months. As a result, the fund has added default insurance cover for death and total permanent disability (TPD) cover for members who meet four conditions: discharged from service on or after July 6 (including 12 continuous months ...

HESTA hikes default insurance cover

KANIKA SOOD  |  THURSDAY, 13 FEB 2020
... of the income protection (IP) to age 67 and two units of death cover to age 75. It does not include total permanent disability cover (TPD). Effective April, the cost of IP will go up, while the cost of death cover will come down. The net effect spells ...

QSuper member drags board to court, loses

KANIKA SOOD  |  WEDNESDAY, 12 FEB 2020
... Tribunal. Chapman alleged that the SCT's decision to uphold QSuper trustees' decision on his total permanent disability (TPD) benefit interest involved "errors of law". In the judgment handed down yesterday, the court dismissed Chapman's ...

Group insured, advised clients better off

HARRISON WORLEY  |  FRIDAY, 28 JUN 2019
... death claims were admitted on 96% of occasions, while non-advised death claims sat at 88%. Similarly, total permanent disability admittance rates came in at 87% for advised clients, and just 59% for those without an adviser. Trauma admittance rates were ...

Super figures point to NSW victory

HARRISON WORLEY  |  WEDNESDAY, 5 JUN 2019
... fast start, the Queenslanders fight back to take the next two categories: average fees and death and total permanent disability default premiums. When it comes to fees, NSW are a bit behind. On average, a $50,000 balance will attract an annual fee of ...

BT overhauls life cover limits and definitions

JAMIE WILLIAMSON  |  WEDNESDAY, 29 AUG 2018
... homemakers. Previously capped at $3 million, 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 ...

Disability income insurance an ongoing concern: APRA

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
... cross-subsidisation, APRA said, meaning DII is subsidised by other business lines, such as lump sum death and total permanent disability insurance. "The reinsurers have indicated they would like to reduce cross-subsidies as much as possible, and it appears ...