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Showing 21 - 30 of 440 results for TPD

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... ranging from 90% to 98%, with an average duration of around one month. On the other hand, for total and permanent disability (TPD) claims, Qinsure had the highest percentage of finalised claims (25.4%) within a two-week timeframe, followed by Hannover ...

AustralianSuper to decrease premiums

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
Members of the nation's largest superannuation fund will soon see the cost of their death and TPD cover drop. About 97% of AustralianSuper's insured members will receive a premium reduction across death, total and permanent disability, and some income ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... way they explain insurance offerings to members, which is much more user-friendly. She said: "Some also included a death, TPD, and income protection claims guide to help members, that's all good stuff." However, there is still room for improvement. ...

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 ...