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Showing 41 - 50 of 380 results for "Insurance premiums"

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... retirement savings elsewhere. As part of the merger, CBA Group Super said most members will see a decrease in insurance premiums across death, TPD, and salary continuance cover. Death and TPD premiums are expected to drop by an average of 26%, while ...

ClearView welcomes chief of staff

CASSANDRA BALDINI  |  MONDAY, 18 SEP 2023
... in-force premiums and new business. As of 30 June 2023, the group said it had $305.9 million in in-force life insurance premiums. It further reported a 41% increase in underlying net profit after tax of $36.5 million and a 25% increase in new business ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... costs go up, Spirit Super is introducing an insurance administration fee at the end of the month. While their insurance premiums and the amount of cover will remain as is, from September 30 Spirit Super members will start paying an insurance administration ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... decade. In May, AustralianSuper announced it would be refunding close to $70 million in administration fees and insurance premiums to about 100,000 members whose multiple accounts had gone undetected. The average impacted member was to receive $650. ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
An industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... a definite preference for insurance over banking," he said. "Many Australians are seeing their home and car insurance premiums increase substantially because a lot of capital is coming out of that market and a lot of payments are being made, which means ...

Cbus informs members of premium changes

JAMIE WILLIAMSON  |  TUESDAY, 4 JUL 2023
... will cop a 12c increase per unit of TPD to now total $1.67 a week. The changes follow Cbus increasing most insurance premiums in July last year. It also increased premiums for some of its members in October 2021 and in April 2020. The 2020 increases ...

TelstraSuper introduces new option, drops premiums

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
... members' financial safety net and we have worked closely with insurer, MLC Life Insurance, to provide affordable insurance premiums so that members have more money in their retirement whilst also benefitting from great levels of cover for when they might ...

Rainmaker MySuper index outdoes S&P ASX 200

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... Retail MySuper Index's -0.9%, achieving an outperformance margin of 1.9 percentage points. Meanwhile, group insurance premiums processed through APRA-regulated funds witnessed an uptick of 4% in 2021-22. Although this pushes the total premiums to ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...