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Showing 21 - 30 of 912 results for "Premiums"

MLC Life unveils retail discounts

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
... eligible lump sum covers for customers who bundle with their income protection cover. Vivo Incentive has a 7.5% discount on premiums for customers within a certain BMI of 18.5 and 28.5 (inclusive). Income Protection Large Case Discount has between 7% ...

ClearView welcomes chief of staff

CASSANDRA BALDINI  |  MONDAY, 18 SEP 2023
... strategic decision to exclusively focus on the life insurance market had paid off, resulting in growth in both its in-force premiums and new business. As of 30 June 2023, the group said it had $305.9 million in in-force life insurance premiums. It further ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... costs go up, Spirit Super is introducing an insurance administration fee at the end of the month. While their insurance premiums and the amount of cover will remain as is, from September 30 Spirit Super members will start paying an insurance administration ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... decade. In May, AustralianSuper announced it would be refunding close to $70 million in administration fees and insurance premiums to about 100,000 members whose multiple accounts had gone undetected. The average impacted member was to receive $650. ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... $532 million in December 2018 to $267 million in March 2023. Despite the challenges, Integrity Life said its in-force premiums have skyrocketed from $22.2 million in March 2021 to $140.3 million in June 2023. The number of lives insured by Integrity ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
ClearView's decision to target the life insurance market solely is paying off as it grows its in-force premiums during the 2023 financial year and new business pours in. ClearView's new business sales was driven solely by its ClearChoice products suite ...

Super funds prime distributor of death, TPD cover

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
Australians paid an estimated $13 billion in death and TPD premiums last year, more than half of which through superannuation funds, Rainmaker Information says. While the amount paid was up 5.5% per annum over the last decade, this rate of growth has ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
An industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in ...

Aware Super details new term deposit option

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... Members must maintain the greater of $10,000 or 10% of their account balance invested in another option for fees and premiums to be deducted. In detailing the offering, Aware also outlined the tax benefits, being that interest on term deposits in the ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... banks tinkering with monetary policy and the invasion of Ukraine. Birt said many life policies are written based on step premiums. Despite the current backdrop, step premiums tend to "step up" and increase every year as policyholders age. "So as the ...