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Showing 21 - 30 of 519 results for "Income Protection"

AustralianSuper to decrease premiums

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... AustralianSuper's insured members will receive a premium reduction across death, total and permanent disability, and some income protection policies from May 27. The weekly cost of death cover will drop by an average of 13%, while the cost of TPD will ...

ClearView enhances ClearChoice products

CASSANDRA BALDINI  |  MONDAY, 27 MAR 2023
... insurance product range, ClearView ClearChoice. Among the changes, ClearView is simplifying product names across the income protection (IP) range to increase clarity for both customers and advisers. Clients on the top level of IP cover will now also ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... insurance offerings to members, which is much more user-friendly. She said: "Some also included a death, TPD, and income protection claims guide to help members, that's all good stuff." However, there is still room for improvement. "We do think that ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... enhancing their offerings. Across the funds reviewed, three million accounts had death and TPD cover and 800,000 had income protection cover. Primarily, ASIC looked at whether members were receiving better value from their insurance, whether claims handling ...

Virgin Money Super ups premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... weekly premiums will now be $4.55 for a total cover amount of $176,000. There will be no change to premiums for income protection insurance. There is also no change to the amount of cover offered. "Increasing costs isn't something the trustee does lightly ...

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
... for the extended death cover. The super fund is also increasing the maximum level pre-disability income for income protection cover. The maximum pre-disability income replacement will be increased from 85% to 87% of their pre-disability income, up to ...

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... be younger than men. A MetLife study found that females making cancer-related claims in the areas of death, income protection, terminal illness, TPD and trauma are younger by one to four years on average compared to men. In terms of mental health cases ...

Spirit Super negotiates premium drop

CASSANDRA BALDINI  |  MONDAY, 6 MAR 2023
... agreement, Spirit Super said. Fees for death and TPD cover will be reduced by between 14.2% and 24.8%, while income protection cover will drop by 7.7%. The new agreement with MetLife came into effect yesterday. Spirit Super chief executive Jason Murray ...

PPS Mutual unveils new income protection product

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
PPS Mutual has launched a new income protection (IP) insurance product while bolstering its existing offering. The life insurer's new product, IP Prime 70, will allow professionals to cover up to 70% of their income, depending on their income level. ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... face ASIC in Federal Court over failures while handling a mental health claim. In 2016 a customer took out an income protection policy with OnePath Life through an ANZ financial adviser based in Grafton, New South Wales. OnePath Life was owned by ANZ ...