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

Search Results

Showing 21 - 30 of 259 results for "Insured"

Coalition targets 'ambitious' goal of 30k advisers

ELIZA BAVIN  |  TUESDAY, 15 APR 2025
... "Labor has left Australia dangerously unprepared for future economic shocks, leaving Australians under-advised, under-insured, and under-banked," Taylor said. "A Coalition government will rebuild the advice industry and make it a more attractive profession ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... for those with low balances, inactive accounts, or those aged under 25 - taking a sledgehammer to the number of people insured through superannuation for death benefits. Intended to prevent insurance premiums from eroding members' account balances ...

TAL changes underwriting limits

KARREN VERGARA  |  MONDAY, 14 OCT 2024
... mandatory medical tests, up from $12,500 per month. TAL said it has also removed some mandatory tests for larger sums insured to further simplify underwriting. It estimates that for new customers, nearly 45% fewer will need to undertake a mandatory medical ...

Zurich launches new TPD option

ELIZA BAVIN  |  TUESDAY, 1 OCT 2024
... fit for purpose," Zurich said. Zurich said the new offering is an industry first. The option will pay a lump sum if the insured person needs to pay for carer costs, with a $5 million maximum. It is available for those aged between 15 and 60 years. Zurich ...

Vision Super refreshes premium rates

KARREN VERGARA  |  MONDAY, 30 SEP 2024
... 50-year-old will cost 7.1 cents for the general category and 3.2 cents for professionals based on a weekly charge per $1000 sum insured. A 40-year-old member covered for $400,000, for example, will be charged $7.60 per week or $395.20 annually. For Super ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... total amount of lump sum death cover is greater than $500,000. However, in 2023 APRA statistics show the average sum of insured individual policies of lump sum death cover - excluding group cover - was about $714,000. The government received more than ...

Hostplus adds investment options, makes fee changes

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... cover will pay lower premiums with an average cost saving of 13% across all age groups," it said. "What's more, all insured members will have access to some improved terms and conditions. Even if you don't currently have insurance through your ...

MetLife refreshes two products

KARREN VERGARA  |  WEDNESDAY, 10 JUL 2024
... eligible occupations. The monthly income protection benefit calculation now includes bonuses, meaning policyholders are insured for their bonuses and not just salary. The Own Business option, which is for business owners and covers customers' loss of ...

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... made. By doing so, it's intended that policyholders who might otherwise cancel or lapse their cover due to cost can remain insured. Its services are only available through financial advisers. The group said it has so far received strong support from ...

Hostplus rejigs Maritime Super insurance

ANDREW MCKEAN  |  WEDNESDAY, 5 JUN 2024
Hostplus has updated its insurance terms for its Maritime Super members who joined the fund last year. Hostplus said insured Maritime members will have access to improved terms and conditions thanks to its large and growing membership base, which allows ...