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Showing 51 - 60 of 512 results for "TPD"

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... time of their life unnecessarily." Following that, Glezer said they faced delays with the total and permanent disability (TPD) claim. Rest informed him that TPD claims typically take up to 180 days to process. Glezer said Rest "played back and forth ...

AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... delays in processing insurance claims, alleging members were impacted by delays to death and total and permanent disability (TPD) claims, with some waiting more than 90 days. Court documents showed that nearly 8000 TPD claims were impacted, with 4366 ...

Permanent disablement claims for mental health explodes

ANDREW MCKEAN  |  THURSDAY, 5 DEC 2024
Total and permanent disability (TPD) claims because of mental health for Australians aged 30 to 40 increased by 732% over the past decade, according to a new report by KPMG, commissioned by the Council of Australian Life Insurers (CALI). Although the ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... just this month for the same issue. Court documents filed by ASIC alleged Cbus members were impacted by delays to death and TPD claims processing, some waiting more than 12 months. Speaking at the ASFA conference this week, ASIC warned all super trustees ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... expand its remit in member services failures. The case of industry super fund Cbus' recent failings in paying death and TPD benefits was one example of how effective ASIC's enforcement has been. "But certainly, member services failures go well ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... proceedings against Cbus in the Federal Court yesterday over delays in processing insurance claims. ASIC alleges some 7713 TPD were impacted, 4366 of which took more than 12 months to be resolved and only 830 were resolved within 90 days. Financial Standard ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... members. Court documents were filed by ASIC in the Federal Court today, alleging members were impacted by delays to death and TPD claims processing, some waiting more than 90 days. Financial Standard understands that about 7500 member claims have been ...

Super complaints rise in FY24: AFCA

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... rollovers and withdrawals, errors in investment switches, and difficulties with online services," AFCA said. Complaints around TPD insurance rose 26%, totalling 1245 cases. AFCA said these complaints included eligibility disputes, delays in decision-making ...

TAL changes underwriting limits

KARREN VERGARA  |  MONDAY, 14 OCT 2024
... several changes to underwriting limits that reduces medical test requirements for new life, total and permanent disability (TPD), and income protection insurance applications. For life and TPD, customers aged 49 and younger can apply for up to $2 million ...

Brighter Super increases retirement bonus

JAMIE WILLIAMSON  |  THURSDAY, 10 OCT 2024
... a tax deductions forms. Claims processing for low-value death benefit claims has also been simplified, and the process for TPD claims has also been enhanced.