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

Search Results

Showing 371 - 380 of 566 results for "Income Protection"

AMP platforms soar, SMSFs dawdle

JAMES FERNYHOUGH  |  FRIDAY, 25 OCT 2013
... taking the total number to 9,800. AMP's insurance business - including life, total and permanent disability, income protection and group - took $2.1 billion in premiums, up from $2 billion in the June quarter. As with many group insurers, AMP expects ...

Reporting season reveals insurance black spots

MARK SMITH  |  MONDAY, 26 AUG 2013
... in-force premiums increased 13% in the 12 months to 31 December 2012, adding that specifically within term, income protection and accident insurance, in-force premiums were up 15.1% over the period. In its June 2013 life insurance statistics, the Australian ...

Super funds need to clarify DisabilityCare to members

LAURA MILLAN  |  WEDNESDAY, 14 AUG 2013
... service provision, so it is very important for super funds to remind their members that it won't provide them with income protection support or total and permanent disability lump sums," Volpato said. "They still need these things to protect their income ...

Beazley appoints former TAL BDM

MARK SMITH  |  TUESDAY, 23 JUL 2013
... accident and health, and enterprise bargaining agreement markets in Australia," Beazley Underwriting and Australian Income Protection managing director Noel Nosworthy said. "We are already seeing healthy levels of demand for our life, accident & health ...

ASIC slaps permanent ban on insurance claim manager

MARK SMITH  |  WEDNESDAY, 10 JUL 2013
... services licence. ASIC's investigation found that Loy fabricated and submitted 38 false claims predominantly for income protection claims between 17 June 2010 and 22 May 2012. He received a total of $1,224,936.15 in fraudulent claims. The misappropriated ...

Insurers and super funds tackle costs of mental illness

JAMES FERNYHOUGH  |  FRIDAY, 28 JUN 2013
... Solutions, it was found that Australian group life insurers were paying out more than $160 million per year for income protection and disablement for mental illness-related claims, and more than $100 million on suicide-related claims. It has also been ...

AMP issues profit warning on insurance claims

MARK SMITH  |  MONDAY, 24 JUN 2013
... lapses, and offset by $2 million of other positive experience. Of the claims experience losses, around 50% were income protection. "This reflects the ongoing volatile nature of experience across AMP's insurance portfolio, which has in-force premiums ...

AIA extends IP insurance to target baby boomers

JAMES FERNYHOUGH  |  TUESDAY, 18 JUN 2013
Life insurance company AIA Australia has extended its Income Protection benefit to include workers up to the age of 70, as baby boomers work beyond the traditional retirement age. AIA will also include true level premiums to age 70 for life cover, TPD ...

Direct insurance sales grow on consumer confidence

MARK SMITH  |  WEDNESDAY, 12 JUN 2013
... of the overall risk insurance market compared with 11.9% at 31 December 2011. In-force premium sales on term, income protection and accident insurance were up 15.1%. "Term, income protection and accident insurance business has grown more rapidly than ...

CommInsure improves coverage for RBF members

LAURA MILLAN  |  FRIDAY, 3 MAY 2013
... Retirement Benefit Fund (RBF) CommInsure has made changes to existing death, total permanent disability (TPD) and income protection products for members of RBF's defined contribution scheme, the RBF Tasmanian Accumulation Scheme. The product upgrade ...