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

Search Results

Showing 21 - 30 of 524 results for "TPD"

NEOS, TAL honoured at Life Insurance Awards

STAFF WRITER  |  FRIDAY, 1 MAY 2026
... time with their clients." Meantime, TAL received the 2026 Life Insurance Award for Innovation in Product, recognised for its TPD Support Option. The TPD Support Option was developed to support customers with complex mental health, chronic fatigue and ...

TPD and disability claims behind 88% of life insurance disputes

RIDDHIMA TALWANI  |  THURSDAY, 30 APR 2026
... down 1.2% from 118,605 in the previous year. Together disability income insurance (DII) and total and permanent disablement (TPD) accounted for 88% of all disputes made on claims. Both categories made up 64% of the total claims made in 2025. Disputed ...

CSC to increase TPD premiums for PSSap members by 43.5%

JAMIE WILLIAMSON  |  THURSDAY, 2 APR 2026
... Commonwealth Superannuation Corporation (CSC) told PSSap members. From May 1, the premiums for Total and Permanent Disablement (TPD) cover are rising a whopping 43.5%. In a statement to Financial Standard, a CSC spokesperson said the superannuation sector ...

Adviser reprimanded over clients' loss of cover

JAMIE WILLIAMSON  |  THURSDAY, 26 MAR 2026
... 2023. The adviser recommended two clients rollover their super balances to a new plan, failing to identify that death and TPD was funded through their super funds. As a result, the clients forfeited their cover. The error was identified a year later ...

First Super switches out group insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 MAR 2026
... which benefits will not be payable in the event of a claim arising from their service, and capping the maximum cover limit for TPD at $2 million, down from $5 million. Commenting, First Super interim chief executive Greg Everett said: "We are delighted ...

Major super reforms cost members $670m in death benefits: ASFA

KARREN VERGARA  |  FRIDAY, 6 MAR 2026
... benefits. Furthermore, some 11,000 individuals each year are missing out on around $1.5 billion in total and permanent disability (TPD) benefits as a direct consequence of the same legislative changes. The government introduced the new rules in 2019 ...

Cbus calls for tax reform on TPD payouts in pre-Budget submission

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2026
Cbus has used its pre-Budget submission to call for clearer, fairer tax settings on total and permanent disability (TPD) insurance payouts for members under 60 years of age. Cbus said such reforms could save workers and their families thousands of dollars ...

CareSuper makes sweeping insurance changes

ELIZA BAVIN  |  WEDNESDAY, 28 JAN 2026
... example, a 43-year-old member with an 'active' occupation rating with default cover of $145,000 for death and $97,000 for TPD would see annual net insurance fees rise from $468.51 to $605.28. Meantime, the super fund will also bring in a 12 month ...

Improvised super tax poses unfair, inequitable outcomes: Industry

MATTHEW WAI  |  TUESDAY, 20 JAN 2026
... across the small superannuation fund sector, the SMSFA said. One of the other concerns is the total permanently disability (TPD) insurance proceeds via super, because like structured settlement contributions these proceeds usually represent large payments ...

TAL enhances TPD offering, support for self-employed customers

MATTHEW WAI  |  TUESDAY, 16 DEC 2025
TAL has introduced a new total and permanent disability (TPD) support option to its flagship retail product and implemented additional support for self-employed customers around income protection. The integrations follow TAL's partnership with SANE ...