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Showing 31 - 40 of 100+ results for "Insured"

Industry fund ups insurance premiums

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
... death and total and permanent disablement unitised cover as it tries to manage the tension between more claims and less insured members of the fund. This week ACSRF told members that in order to continue offering a sustainable and equitable insurance ...

Public super fund rejigs offering

KANIKA SOOD  |  WEDNESDAY, 17 JUN 2020
... on your level of cover and current age...For Death and TPD, premiums are expressed as annual rates per $1000 of amount insured. (Number of days in the month/365.25) x (Amount Insured/1000 x Premium Rate)," the fund said in a notice to members. Defence ...

Risk advisers under fire

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
... 45% on retail policies. "It also shows that income protection through super led to just 33.7 disputes per 100,000 people insured, compared to retail income protection policies, which came in at a staggering 150.5 disputes per 100,000 people insured," ...

How PYS changes caused 34% premium hikes

ELIZABETH MCARTHUR  |  THURSDAY, 2 APR 2020
... remove around 30% of members from insurance policies, and in doing so fundamentally change the group of members being insured within each individual superannuation fund across Australia," the spokesperson said. "Removing members from the shared insurance ...

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... support benefit that boosts the benefit up to a 75% income replacement rate for the first six months of claim if the life insured is claiming under the one duty definition and is unable to generate any income," ClearView said. Swanson said the life insurer ...

Group premiums rise 34%

ELIZA BAVIN  |  WEDNESDAY, 4 MAR 2020
... 34%. Crescent Wealth said the group insurance policies which cover the fund do not offer opt-out insurance cover and all insured members have applied for cover. "Accordingly, existing members will be deemed to have made an election for insurance and ...

Industry fund bumps up premiums

JAMIE WILLIAMSON  |  FRIDAY, 14 FEB 2020
... new legislation will reduce the number of members who will have automatic default cover. This means there'll be fewer insured members to share the cost of cover, ultimately increasing the cost of cover," VicSuper said. "We always work with our group ...

FSC sheds light on cancer impact

HARRISON WORLEY  |  TUESDAY, 4 FEB 2020
... year to 30 June 2019. Claims made as a result of breast cancer lead the way by far, with 8.82 claims per 100,000 people insured. Next most impactful is prostate cancer, which causes around half the life insurance claims of breast cancer per 100,000 people ...

FPA supports tightening insurance claims

ELIZABETH MCARTHUR  |  MONDAY, 13 JAN 2020
... First, the FPA supports the licencing obligation including a clause saying: "A person who provides financial advice to an insured and who handles and settles an insurance claim on behalf of the insurer." The current claims handling definition captures ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... a minimum of 50 eligible employees. If the number of employees who are members of Cbus Corporate Super drops below 30 insured members, the employer and employees will be transferred into Cbus Industry Super. The new offering will see a member defaulted ...