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

Search Results

Showing 11 - 20 of 74 results for %22MLC Life Cover Super%22

Vision Super increases premiums

ELIZABETH MCARTHUR  |  TUESDAY, 8 DEC 2020
Vision Super and its group insurer MLC Life have increased the cost of insurance premiums by 17.8%. The $10.3 billion industry fund said that MLC Life had determined the 17.8% increase was required to continue to cover the cost of providing insurance ...

New internal audit guide for finance sector

KARREN VERGARA  |  WEDNESDAY, 2 DEC 2020
... includes senior audit executives from major organisations such as AMP's Nicola Rimmer-Hollyman, Westpac's Scott Kiernan, MLC Life's Jon Tyers and Macquarie Group's Richard Knox. The guide covers six principles. The first is that an internal ...

OnePath takes over group insurance mandate

KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
... case." It's been widely reported recently that Shaun Smith, a former AFL player, won a $1.4 million payout from his insurer MLC as a result of suffering a serious concussion during his career. In May, the AFLPA extended its 20-year-long partnership ...

APRA, ASIC release life insurance stats

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... MoneySmart site, the industry average for claims accepted on life insurance through a financial adviser is 80.8%. AMP, CommInsure, MLC and Zurich were all above that average (CommInsure had the highest claims acceptance rate at 89%). Asteron, OnePath ...

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
... insurance mandate from AIA to TAL. In comparison, AIA's inflows fell 47.4% during the year, while MetLife Insurance, MLC Life Insurance, QInsure, Zurich Group and BT/Westpac Group fell 12.2%, 27.5%, 8.9%, 25.9%, and 15.8% respectively. The Rest mandate ...

MS sufferer fights CommInsure definition

ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
... definition of MS that MS patients, neurologists, lawyers and MS Australia disagree with. Integrity Life, NobleOak, Zurich, MLC Life and ClearView all use definitions of MS that refer to lesions, demyelination or white matter as needing to be identified ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... more that can be done," Hume replied. In the next session, TAL chief executive Brett Clark, AIA chief executive Damien Mu and MLC Insurance chief life insurance officer Sean McCormack discussed the life insurance industry's response to COVID-19. The ...

Insurance premiums soar at Qantas Super

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... their insurance cover at any time. The news comes after the fund announced it would be switching group insurers from MLC Life to MetLife. At the time, Qantas Super said the change the change of insurer was intended to minimise any premium increases for ...

Qantas Super awards insurance mandate

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
MLC Life has lost the Qantas Super mandate with the super fund announcing a new mandate. Qantas Super announced MetLife has been awarded the insurance mandate, effective July 1, 2020. The fund said it was pleased to welcome the global insurer, saying ...

Industry fund swaps insurers

KANIKA SOOD  |  WEDNESDAY, 6 MAY 2020
An industry fund is moving from MLC Life to OnePath as its life insurer effective July 1 and has notified members of changes to its offering. Energy Super has chosen OnePath after a rigorous tender process, the fund told members, while notifying them ...