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Showing 31 - 40 of 570 results for "Income Protection"

ART makes sweeping changes to corporate super plans

ELIZA BAVIN  |  MONDAY, 23 JUN 2025
... Superannuation Scheme members will see changes to premiums for death, total & permanent disability (TPD) and income protection rates. The change will vary based on a members' gender and age. Members under the age of 50 will receive a small reduction ...

TAL partners to expand access to affordable insurance

MATTHEW WAI  |  MONDAY, 16 JUN 2025
... options for workers not currently eligible for other types of cover, paying benefits of $100-$300 per day for income protection and up to $150,000 for life insurance, TAL said. It will be offered directly to consumers through a range of organisations ...

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
... the quality of assessing claims, AFCA said. In the 2024 financial year, AFCA received 1468 complaints about income protection insurance or IDII in total during 2023-24. Of those, 938 related to group superannuation and 530 came from retail insurance. ...

Life insurance premiums edge lower

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... falling to $1.11 billion. This includes policies covering death, total and permanent disability (TPD), trauma, and income protection. Within that segment, lump sum new business fell 11.2% year-on-year to $809 million. However, new lump sum sales edged ...

AFCA highlights 'pattern of delays' in super

ELIZA BAVIN  |  TUESDAY, 29 APR 2025
... one case, a system error in a super fund's insurance cancellation process led to the erroneous cancellation of Income Protection insurance for members when they left their employment. This issue affected over 1500 members and resulted in remediation ...

DII drives life insurance disputes: APRA

KARREN VERGARA  |  THURSDAY, 17 APR 2025
... its sustainability, profitability, pricing and actual benefits delivered to policyholders. Otherwise known as income protection insurance, DII replaces policyholders' income in the event they are unable to work due to illness or injury. APRA said ...

Insurance in super remains a mystery to millions of Australians

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... Productivity Commission, a low-income, blue-collar worker paying for death, total and permanent disability (TPD), and income protection insurance could retire with $85,000 - or 14% less - than if they had no insurance. In an extreme case, the retirement ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... underwriters, because he'd lost all trust in the people he was dealing with at Rest. Although they said the income protection claimant process would be expedited, those words rang hollow to him. The case manager at TAL was "incredible," he said, immediately ...

TAL changes underwriting limits

KARREN VERGARA  |  MONDAY, 14 OCT 2024
... underwriting limits that reduces medical test requirements for new life, total and permanent disability (TPD), and income protection insurance applications. For life and TPD, customers aged 49 and younger can apply for up to $2 million in cover without ...

Australian Food Super picks TAL for group insurance

JAMIE WILLIAMSON  |  TUESDAY, 1 OCT 2024
... mandate sits with TAL. Australian Food Super offers life insurance, total and permanent disablement (TPD), and income protection cover. In July, TAL took over the mandate for income protection, which was previously offered by Windsor Income Protection ...