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Showing 321 - 330 of 570 results for "Income Protection"

Super gets reality check on engagement

DARREN SNYDER  |  FRIDAY, 22 JUL 2016
... to a budget on a weekly or fortnightly basis," Kirkland said. "They were very future focused thinking about income protection and life insurance. By the time we got to them they were already off work with children and it was a bit too late to fit super ...

New Spring FG SMSF platform opens

MARK SMITH  |  MONDAY, 27 JUN 2016
... through DomaCom. There is also a range of SMSF member personal insurance options from AIA, including life, TPD and income protection. In addition to its standard self-directed offering, Spring FG said mysuper247 trustees and members would have access ...

Life insurers must be more transparent: AFA

KERRIE SYDEE  |  FRIDAY, 10 JUN 2016
... 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 have a much better experience ...

Group insurers at mercy of a handful of super funds

MARK SMITH  |  TUESDAY, 7 JUN 2016
The role of superannuation funds as a distribution mechanism for life and income protection insurance continues to grow in the Australian market, according to new analysis by Rainmaker, which says the dominance of a few funds as gatekeepers could leave ...

ANZ rings in insurance updates

DARREN SNYDER  |  MONDAY, 23 MAY 2016
... three insurance products. Replacing ANZ's several direct products will be suites under ANZ Life insurance, ANZ Income Protection and ANZ Recover Well. As part of its wider health and wellness program ANZ Wealth has also launched Remedy Health, a partnership ...

IOOF announces group insurance mandate

ALEX BURKE  |  MONDAY, 23 MAY 2016
... 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 strive to provide improvements and ...

AMP holds assets despite Genesys exodus

ALEX BURKE  |  THURSDAY, 12 MAY 2016
... AMP's insurance business took a hit during the quarter, with claims losses of $18 million, mostly in retail income protection. Total annual premium in-force was down 1% to $1.9 billion. In a statement about its wealth protection business, AMP said: "While ...

Life insurers paid $6.9bn in claims in 2015

MARK SMITH  |  WEDNESDAY, 11 MAY 2016
... other non-mainstream life insurers. Almost $2.9 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 ...

Up to 2.4m super members affected by CommInsure scandal

MARK SMITH  |  THURSDAY, 10 MAR 2016
... 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 insurance market. ...

Narev apologetic in face of CommInsure allegations

MARK SMITH  |  MONDAY, 7 MAR 2016
... CommInsure collects about $2.5 billion in insurance premiums per year. In 2015 it paid out $850 million of life and income protection payments to 22,000 people and their families. Last year, the Financial Ombudsman Service reported that the likelihood ...