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Showing 331 - 340 of 573 results for "Income protection"

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 ...

PROFILE: REI Super chief executive Mal Smith

DARREN SNYDER, LAURA MILLAN  |  WEDNESDAY, 4 NOV 2015
... remuneration is commission driven. This means that their remuneration bounces around a bit. So we have put in place an income protection arrangement with our insurer that allows us to average the remuneration for the last three years to try to smooth ...

Sunsuper renews AIA mandate

ALEX BURKE  |  TUESDAY, 3 NOV 2015
... with AIA Australia to 2020. As a result, AIA will continue to provide death, total permanent disablement and income protection insurance to Sunsuper members beyond the original July 2016 deadline. Explaining the decision, Sunsuper chief executive Scott ...

MLC offers insurance rollover to external funds

ALEX BURKE  |  MONDAY, 2 NOV 2015
... annual premium discount, enduring authority, automated annual premium payments and an "up to 20%" discount on income protection premiums. The function is available for MLC Insurance (Super), MLC Protection (Life Super) and MLC Protection (Income Protection ...