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Showing 21 - 30 of 45 results for "Council of Australian Life Insurers"

Younger Aussies want personalised financial advice: CALI

MATTHEW WAI  |  TUESDAY, 22 JUL 2025
... young Australians want financial advice on life insurance, but only one in 10 receive it. The Council of Australian Life Insurers (CALI) said more Australians between the age of 18 and 34 are considering life insurance due to change in financial circumstances ...

Mental illness payouts balloon over $2.2bn: CALI

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
... paying out over $2.2 billion in mental health claims last year, according to new data from the Council of Australian Life Insurers (CALI). CALI said mental health is now the leading cause of total and permanent disability (TPD) claims, making up almost ...

ASFA publishes new service standards on claims handling

ELIZA BAVIN  |  FRIDAY, 4 JUL 2025
... funds, insurers, administrators and other industry associations the Super Members Council, the Council of Australian Life Insurers and the Financial Services Council. Former chair of the Superannuation Complaints Tribunal Jocelyn Furlan chaired the broad ...

Regulators note advances in life insurers' practices

ANDREW MCKEAN  |  FRIDAY, 6 JUN 2025
... stability." However, all life companies have now adopted the new premium labels developed by the Council of Australian Life Insurers - 'variable premium' replaces 'level premium' and 'variable age-stepped premium' replaces 'stepped premium'. "These new ...

Annuities' capital settings due for change: APRA

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
... importantly, it will provide more Australians with financial confidence in retirement." The Council of Australian Life Insurers (CALI) chief executive Christine Cupitt commented that with Australians living longer, they are spending more time in retirement ...

Life insurers enhance domestic violence response

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
The Council of Australian Life Insurers (CALI) released new best practice guidance on family and domestic violence that sets new benchmarks for life insurers to better understand and engage with victim-survivors. The detailed framework will help Australian ...

Permanent disablement claims for mental health explodes

ANDREW MCKEAN  |  THURSDAY, 5 DEC 2024
... increased by 732% over the past decade, according to a new report by KPMG, commissioned by the Council of Australian Life Insurers (CALI). Although the report noted that mental health claims increased across all age groups, it found that the "substantial ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts." ...

FAAA announces 2024 awards finalists

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
... will be announced at the annual FAAA Congress in Brisbane on November 28. Separately, the Council of Australian Life Insurers (CALI) named its 2024 ReCALIbrate grant recipients. Nicole Bendeich, Calibre Life; Janice Choo, Big Oak Financial Services ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... of genetic test results in underwriting, including Canada in 2017. Responding to the news, Council of Australian Life Insurers chief executive Christine Cupitt said the association fully supports the ban. "Australia's life insurers have never wanted ...