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Showing 31 - 40 of 574 results for "income protection"

Hostplus extends MetLife partnership

MATTHEW WAI  |  MONDAY, 14 JUL 2025
... Hostplus currently provides more than 865,000 members with Death, Total and Permanent Disablement (TPD), and Income Protection insurance through the partnership. Group insurance is available to all eligible Hostplus members. Hostplus chief executive ...

Mental illness payouts balloon over $2.2bn: CALI

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
... claims nearly doubles the amount recorded five years ago. Further, mental ill health is also driving one in five income protection claims, with payouts totalling $887 million in 2024, CALI said. CALI noted the trend is especially significant among younger ...

AMP hit with multiple court filings

ELIZA BAVIN  |  THURSDAY, 3 JUL 2025
... AMP's superannuation funds for life insurance (death only cover, total and permanent disablement cover and income protection cover) during the period 2019 to 2024," AMP said. AMP confirmed it intends to defend the proceedings. Separately, a further ...

ClearView welcomes underwriting head

MATTHEW WAI  |  MONDAY, 30 JUN 2025
... or no mandatory medical requirements. There's also a new structured tiering system for Life, TPD, Trauma, Income Protection, and Business Expenses cover based on age and benefit amount, which ClearView said would prove more efficient for advisers. ...

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 ...