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Showing 741 - 750 of 2274 results for "Premium"

Retail fund renews insurer, cuts premiums

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
... Mercer Super Trust. It had about $670 million in assets under management in June. Virgin has also informed its members that premium rates will come down for all cover types. Weekly premiums for death (including terminal illness) cover will reduce by ...

ASIC eyes claims handling

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
Total and permanent disability insurance and the claims handling processes of insurers are well within ASIC's sights. Following the release of an ASIC review into TPD which found significant, industry wide problems with product design and claims handling ...

Super fund bumps up premiums

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
Insurance premiums have risen by up to 21% for members of an industry superannuation fund. As of this month, First Super and its group insurer MetLife have bumped up the cost of death, TPD and voluntary income protection cover. According to the fund ...

Waiting periods cost 214% on premiums: Research

ELIZA BAVIN  |  FRIDAY, 15 NOV 2019
... choose to have 90-day waiting periods your premiums can be two thirds less. That's a huge difference in terms of the premium for the cover you are paying, especially if you take out insurance for many years." Ross said there is a good reason for ...

Default insurance likely to go: Silk

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
AustralianSuper chief executive Ian Silk has predicted a decline in the important of insurance in superannuation, including its ousting as a default portion of the system. Appearing as part of a panel discussion about the future of super at the ASFA ...

High claims acceptance among insurers: Report

ELIZA BAVIN  |  THURSDAY, 14 NOV 2019
... associated with the policy compared to Group products. As these costs will make up a larger proportion of the overall premium income, the claims payments will be a correspondingly lower percentage." The report said insurers are not accepting as many ...

TAL launching new product

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
... its kind in Australia. The product is designed to protect people with diabetes and will include offers of life insurance premium reductions for customers who demonstrate that they are managing their health condition. The product builds on the already ...

Cbus enters corporate super

JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
The $54 billion industry superannuation fund is dipping its toes into the world of corporate super, launching a new offering this week. Cbus officially launched its Cbus Corporate Super product on Monday for those who wish to join the fund via their ...

Industry fund changes insurer

KANIKA SOOD  |  FRIDAY, 8 NOV 2019
... switch income protection cover to Chubb. The old IP cover was calculated on a fixed cost per unit basis. Members paid a premium of $1.28 per week, to get a default cover of up to $2550 for a month for two years in times of illness or injury. They could ...

Pengana to acquire stake in US firm

ELIZA BAVIN  |  THURSDAY, 7 NOV 2019
... two parties. Pengana said the acquisition presents an opportunity for it to take an ownership stake in a "synergistic premium funds management business" which has growth opportunities and a sophisticated investor base. Pengana founder Russel Pillemer ...