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Showing 21 - 30 of 512 results for "TPD"

Cbus agrees to pay $23.5m fine

ELIZA BAVIN  |  FRIDAY, 31 OCT 2025
... in November 2024. Court documents filed by ASIC in the Federal Court alleged members were impacted by delays to death and TPD claims processing, some waiting more than 90 days. Cbus apologised to affected members at the time. Following the action being ...

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... nature of these claims. At TAL alone, in the three years to 2024, total group insurance claims for total permanent disability (TPD) related to mental health grew by 60%, while other causes of claim grew by about 20%. Drivers include greater awareness ...

Public feedback welcomed for Life Code improvements

MATTHEW WAI  |  MONDAY, 20 OCT 2025
... and how well insurers communicate with customers, especially during claims. The recent rise in total permanent disability (TPD) claims for mental health has positioned the topic as the first of many key considerations in the consultation. Last week ...

Australian Ethical aligns Christian Super members' cover

ELIZA BAVIN  |  WEDNESDAY, 15 OCT 2025
... December 1, Australian Ethical announced. From 1 December 2025 automatic default death and total and permanent disablement (TPD) cover will move to a new age-based scale. In addition, default cover will increase from three units to four units, however ...

Insurers design framework for dealing with mental health claims

MATTHEW WAI  |  MONDAY, 13 OCT 2025
... circumstances in relation to mental health conditions. Addressing the worrying trend, one of CALI's members, Acenda, recently launched TPD Severity to offer more flexibility around TPD options. "TPD Severity is a modern solution to a modern problem ...

Australian Food Super to transition to age-based premiums

MATTHEW WAI  |  TUESDAY, 7 OCT 2025
... categorised as either manual workers or office workers. For manual workers of all ages, the annual premium to date for life, TPD and income protection cover, was $530.40. From November 1, members between the ages of 33 and 45 will only pay $455. However ...

Explosive rise in claims drives new TPD solution for Acenda

MATTHEW WAI  |  TUESDAY, 30 SEP 2025
Acenda has launched a new insurance benefit, Total Permanent Disability (TPD) Severity, in response to a significant surge in claims, particularly for mental health and musculoskeletal conditions. According to the life insurer, there was a 166% increase ...

Rest pays $40k over misleading statements

JAMIE WILLIAMSON  |  MONDAY, 29 SEP 2025
... Rest made false or misleading representations in annual statements and emails to members, indicating they had active death or TPD cover in place when they should not have. More than 2000 members who had previously cancelled, chosen not to receive, lost ...

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
... faced severe delays while some were left waiting more than 12 months for a payout. According to court documents, some 7713 TPD claims were impacted, 4366 of which took more than 12 months to be resolved and only 830 were resolved within 90 days. About ...

NGS Super moves to make admin fees more equitable

JAMIE WILLIAMSON  |  THURSDAY, 11 SEP 2025
... changes will be the deduction of premiums shifting to monthly rather than weekly, and the maximum eligibility age for new TPD cover for most members dropping to 64.