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Showing 21 - 30 of 104 results for "Permanent Disablement"

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... women live with the same level of financial security," it said. When it comes to lodging a claim for total permanent disablement (TPD) insurance, the current default system of insurance provision, 55% of respondents said they would claim or even consider ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... premiums for income protection reduced by 13%, while rates for default and voluntary death and total and permanent disablement (TPD) cover were lower by about 16%. TPD cover, for example, for members aged up to 30 years old now pay 68 cents for every ...

ASIC updates breach reporting rules

KARREN VERGARA  |  FRIDAY, 20 OCT 2023
... letter issued to a superannuation fund member confirms the account balance but fails to include a total and permanent disablement benefit amount that has been approved. The payment made to the member includes this amount and the omission was not made ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... weekly reduction, setting their rate to $4.44. Additionally, from 1 May 2023, the criteria for total and permanent disablement assessment was simplified from seven definitions to three clearer ones. One change was the introduction of the 'unlikely to ...

ClearView enhances ClearChoice products

CASSANDRA BALDINI  |  MONDAY, 27 MAR 2023
... policies with a 90-day waiting period. This is on top of the existing 30- and 60-day waiting periods. Total and permanent disablement cover will also be extended to age 70, with a change in definition at age 65. ClearView explained the enhancements coincide ...

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
... is making a raft of changes to its insurance offering, including a change to the definition of total and permanent disablement (TPD), impacting members who file a claim. CareSuper said its insurer MetLife has made the definition change. Under the current ...

Maritime Super reappoints MLC Life as group insurer

ANDREW MCKEAN  |  THURSDAY, 18 AUG 2022
... MLC Life Insurance will continue providing Maritime Super's members with cover for death, total and permanent disablement as well as income protection. Maritime Super chief executive Peter Robertson said: "We are delighted to recommit with MLC Life ...

Statewide Super increases premiums

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
... a house) to apply to increase their insurance cover. The changes will also separate death and total and permanent disablement coverage into two categories. And the age at which the amount of unitised death and TPD cover will reduce from age 31 to age ...

Cbus changes insurance premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 AUG 2021
The industry superannuation fund has informed members the premiums they pay for death and total and permanent disablement cover is changing. Cbus has issued new premium prices across its manual, electech, non-manual and professional categories which ...

QSuper makes changes ahead of merger

ELIZABETH MCARTHUR  |  THURSDAY, 13 MAY 2021
... to remove 'activities of daily living' or 'home duties' from its definition of total and permanent disablement. This is in-line with recommendations made to funds and insurers by ASIC. "The significant event notice covers changes deemed ...