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Showing 321 - 330 of 566 results for "Income protection"

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 ...

BT awarded Life Company of the Year

DARREN SNYDER  |  FRIDAY, 4 MAR 2016
... Association of Financial Advisers in Sydney last night. BTFG collected three of 13 awards on offer, also winning the Income Protection Award and Claims Team of the Year. AFA chief executive Brad Fox said the overall award recognises the insurer which ...

Adviser roadshow shines light on modern-day advice

MICHELLE BALTAZAR  |  THURSDAY, 18 FEB 2016
... for the nearest exit. For example, words like 'insurance', 'insurances', 'disability', 'needs analysis' and 'income protection' are all familiar and popular terms - but must be banned from all conversations. Instead, replace the same terms with 'protection' ...

TAL Direct business penalised for advertising

ALEX BURKE  |  WEDNESDAY, 2 DEC 2015
... has been fined by ASIC for false or misleading advertising. Specifically, the advertising suggested that the Income Protection Plus product provided "illness and injury cover up to 85% of income to $10,000 a month" in the case of "Kylie", who had to ...

Zurich restructures retail life insurance

ALEX BURKE  |  FRIDAY, 27 NOV 2015
... commences in July 2016. In addition to reducing premium rates by 6% for under-55s, Zurich has also introduced a new income protection product range; these come with a two-year "rate certainty" guarantee, ensuring a period of stable premium rates on new ...