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Showing 31 - 40 of 438 results for "TPD"

Brighter Super makes changes to insurance offering

JAMIE WILLIAMSON  |  WEDNESDAY, 21 SEP 2022
... only cover will not change. Currently, those members categorised as 'blue collar' pay $1.52 per unit per week for death and TPD cover. From September 30 this will increase to $1.75. Those in the 'white collar' category will see their premiums rise from ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... review of individual disability income insurance claims follows ASIC's 2019 Report 633 Holes in the safety net a review of TPD insurance claims (REP633) and follow up 2021 Report 696 TPD insurance: Progress made but gaps remain (REP696), which examined ...

ASFA, Deloitte recommend group insurance changes

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... and dependents could see better coverage of around $1.2 trillion, equivalent to 34% of the total sum insured across life, TPD, and IP," the report said. Although default insurance can generate benefits in aggregate terms, current approaches were signalled ...

Cbus announces changes to admin fees, premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... Cbus will shave its administration fees by 25%. However, at the same time, some members will begin paying more for death and TPD. The reduction in the dollar-based administration fee will apply to all Cbus members and all members in the Media Super division ...

APRA, ASIC publish life claims and disputes data

ANDREW MCKEAN  |  WEDNESDAY, 20 APR 2022
... on these factors." Claims paid ratios by cover type had significant variances between products. The claims paid ratios for TPD and DII increased considerably over time, in contrast, the ratio for accidents fell significantly in 2019 before stabilising ...

AustralianSuper drops premiums

JAMIE WILLIAMSON  |  THURSDAY, 14 APR 2022
... decreasing some of its insurance premiums from May end, with members to see an average drop of 11%. From May 28, the cost of death, TPD and income protection will change depending on their cover type and work rating, the fund said. AustralianSuper said ...

TAL wins life company award for 2021

KARREN VERGARA  |  THURSDAY, 17 MAR 2022
... Provider of the Year winner, and also won the Long-Term Income Stream category. MetLife's Protect Life Cover Plan won the Term/TPD category, while PPS Mutual took out the award for Risk Product Innovation. The awards are based on Plan For Life's benchmarking ...

Hostplus, Statewide provide merger details

JAMIE WILLIAMSON  |  THURSDAY, 10 MAR 2022
... 40-year-old member with four units of default cover in the Active occupation category will now pay $12.70 a week for death, TPD and income protection. Previously they paid $12.52. In integrating the insurance arrangements, Hostplus will reduce the insurance ...

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
... that of AMG Super. Under the new arrangement, which is effective April 1, AvSuper members will pay more for their death and TPD cover; the first increase in six years. A 'light blue collar' member with default cover of two units of death and TPD will ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... will see a 2% decrease in insurance premiums. Where a 40-year-old member may have paid $1 a week for $85,294 in death and TPD cover under Media Super's existing arrangements, they will receive $87,000 in cover with Cbus, underwritten by TAL. "Overall ...