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

Search Results

Showing 21 - 30 of 437 results for "TPD"

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... actions of 15 trustees in relation to 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 ...

Virgin Money Super ups premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
Virgin Money Super is increasing insurance premiums on death and TPD cover from April 22. Members have been notified that premium rates per week, per unit of death only cover will increase from $0.41 to $0.55. For death and TPD will increase from $0.67 ...

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
... 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 ...

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... 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, the average age for ...

Spirit Super negotiates premium drop

CASSANDRA BALDINI  |  MONDAY, 6 MAR 2023
... to some premiums. Members will save about $51 million over the life of the 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 ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... Underinsurance in Australia 2020, Rice Warner estimated the total cost to the government in social security payments for death and TPD underinsurance to be $600 million per year. MetLife Australia chief of staff, strategy and external affairs Wendy Tse ...

Advising through disability implications

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... adviser cost conversation in challenging moments. "It's useful for a couple of reasons. I got burnt out by some nasty TPD claims so I learnt from that process." Hayes said the first 10 hours of any claim will be at her expense. "If it goes over 10 ...

Insurance, retirement product excellence recognised

CHLOE WALKER  |  FRIDAY, 28 OCT 2022
... Excellence Award, also taking home the Term Life Award, Trauma Rider Award and Innovation Product Award. NobleOak Life received the TPD Award, Income Protection Award, Customer Service Award and Innovation - Distribution Award. HCF Life received the ...

NGS Super increases death, TPD premiums

JAMIE WILLIAMSON  |  THURSDAY, 6 OCT 2022
... total and permanent disability insurance premiums following an increase in claims in recent years. Premiums for death and TPD will increase for most members from November 9. A 30-year-old member with a sum life/terminal illness sum insured of $570,000 ...

Brighter Super makes changes to insurance offering

JAMIE WILLIAMSON  |  WEDNESDAY, 21 SEP 2022
... only cover will not change. Currently, those members categorised as 'blue collar' pay $1.52 per unit per week for death and TPD cover. From September 30 this will increase to $1.75. Those in the 'white collar' category will see their premiums rise from ...