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Showing 41 - 50 of 512 results for "TPD"

TAL partners to expand access to affordable insurance

MATTHEW WAI  |  MONDAY, 16 JUN 2025
... It comes as Cover Genius estimates one million Australians are underinsured for death and total and permanent disability (TPD), while 3.4 million have no or insufficient income protection, especially among younger Australians. "Cover Genius' data shows ...

TAL scores new super fund mandate

JAMIE WILLIAMSON  |  FRIDAY, 13 JUN 2025
... cover rises from $5 million to unlimited, for terminal illness it doubles from $2.5 million to $5 million, and the maximum for TPD will rise from $2 million to $3 million. Zurich had held the mandate for some time, with it most recently renewed in 2022. ...

GESB to roll out premium changes

JAMIE WILLIAMSON  |  TUESDAY, 10 JUN 2025
... premium waivers for some members. From July 1, certain types of insurance will see premium reductions; GESB offers death, TPD and salary continuance insurance. Premiums for death cover will be reduced. For a 40-year-old male with death cover only, his ...

BUSSQ lowers administration fees

ELIZA BAVIN  |  TUESDAY, 27 MAY 2025
... support the delivery of products and services to members." As a result, all members will see premiums for their death and TPD cover rise. For example, a manual worker with the default four units of both cover types will see their collective premiums ...

Cbus increases insurance premiums

ELIZA BAVIN  |  WEDNESDAY, 14 MAY 2025
Cbus will increase insurance fees for death and total and permanent disability (TPD) cover from July 5. Those aged between 15 and 25 will see their fees remain the same, but those in older age brackets will be paying slightly more each week. For members ...

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
New group insurance research finds that total permanent disability (TPD) claims are taking much longer to process, while death claims appear to have more efficient processes in place. According to Rainmaker's latest benchmarking data, a total of ...

Life insurance premiums edge lower

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
... dropped 18.5% over the year, 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 ...

Insurance in super remains a mystery to millions of Australians

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... modelling by the 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 ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... recently filed a similar case against Cbus. In that case, ASIC alleges about 10,000 members were impacted by delays to death and TPD claims processing, with some waiting more than 12 months for a payout. Meantime, this action against AustralianSuper ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... to opt in for insurance, even after accounting for those with low balances and under-25s. Total and permanent disability (TPD) insurance followed a similar downward trajectory after the reforms, though from a slightly lower base. But the tide is turning ...