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

Search Results

Showing 291 - 300 of 513 results for "TPD"

Life insurers must be more transparent: AFA

KERRIE SYDEE  |  FRIDAY, 10 JUN 2016
... Study, three of the largest life insurance companies have allowed an independent assessment of their life insurance, trauma, TPD and income protection claimants from the last 12 months, with the results showing claimants who have a financial adviser ...

Unintended consequences unearthed in super changes

MARK SMITH  |  FRIDAY, 10 JUN 2016
... cap on funds entering the pension phase, at the latest Challenger Financial Standard Technical Services Forum in Sydney. In TPD insurance scenario testing the forum's attendees unearthed an unintended consequence of the cap which could lead to the government ...

ANZ rings in insurance updates

DARREN SNYDER  |  MONDAY, 23 MAY 2016
... financial advisers and their clients. From today customers at OneCare who have combined death and total and permanent disability (TPD) cover for more than $1.5 million will receive a 10% policy discount. ANZ Wealth Australia managing director Alexis ...

IOOF announces group insurance mandate

ALEX BURKE  |  MONDAY, 23 MAY 2016
... Warner; in a statement, IOOF said this process led to "significant premium rate reductions" clients with death (and death-plus-TPD) cover and income protection cover. Commenting on the decision, IOOF head of product Chris Weldon said: "We continually ...

Life insurance balancing APRA priorities with increased profit

ALEX BURKE  |  WEDNESDAY, 18 MAY 2016
... There was improvement in results for individual (non-super) disability income insurance and group lump sum business (death and TPD business through super). Operating expenses have remained relatively stable. In the year to March 2016, there was a 0.4% ...

Life insurers paid $6.9bn in claims in 2015

MARK SMITH  |  WEDNESDAY, 11 MAY 2016
... billion was paid out in term insurance claims, $1.7 billion in income protection/BEX insurance, just under $1.6 billion in TPD claims and $710 million for trauma claims. The leading causes of claims were cancer, heart disease, mental health, musculoskeletal-related ...

TAL launches online policy upgrade service

ALEX BURKE  |  WEDNESDAY, 4 MAY 2016
TAL has launched an online service to allow paperless upgrades of life, TPD and critical illness insurance policies. The Cover Upgrade Express service is designed to simplify circumstances where policies might be upgraded, such as, in TAL general manager ...

APRA counts life insurance losses

KERRIE SYDEE  |  FRIDAY, 29 APR 2016
... submission argued that weak profitability has been driven by the mispricing of risk, particularly from 'higher than expected' TPD claims from group risk insurers and individual disability insurance. APRA noted that underwriting and pricing practices ...

Sunsuper overhauls TPD cover

DARREN SNYDER  |  TUESDAY, 26 APR 2016
Sunsuper has overhauled its total and permanent disability (TPD) insurance cover in a move that will see an average premium reduction of 15% for more than 90% of its one million members. The new product, TPD Assist, will remove waiting periods for the ...

Up to 2.4m super members affected by CommInsure scandal

MARK SMITH  |  THURSDAY, 10 MAR 2016
... not all of the members of funds using the insurer will have a policy, up to 2.4 million superannuation members could hold TPD or income protection insurance through their funds. The researcher estimates CommInsure has a roughly 20% share of the group ...