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Showing 61 - 70 of 79 results for "Default insurance"

Industry fund cuts life premiums, renews insurer

KARREN VERGARA  |  FRIDAY, 19 JAN 2018
... recently renewed its long-standing partnership with MetLife to June 2020. The pair struck a deal which sees default insurance premiums for 16 to 21-year-old members drop from $4.82 per week to $2.89 per week, effective 28 October 2017. All MTAA members ...

AustralianSuper launches insurance-free product

KARREN VERGARA  |  WEDNESDAY, 20 DEC 2017
... Award. Disability supported employees, those that work seasonally or less than six months, will benefit from the default insurance-free product, the super fund said. It will be available for new members only. Group executive of membership Rose Kerlin ...

To opt in or out of life insurance: Spot poll

KARREN VERGARA  |  TUESDAY, 3 OCT 2017
... life insurance when joining the fund. Once members reach 25, they will be automatically placed into the fund's default insurance product, unless they express a desire to opt-out. AustralianSuper group executive of membership, Rose Kerlin, said the move ...

AustralianSuper moves to opt-in insurance

EMMA RAPAPORT  |  MONDAY, 18 SEP 2017
... entered - as is current industry practice. Upon reaching 25, members will be automatically placed into the funds default insurance product, unless they express a desire to opt-out. AustralianSuper's group executive of membership, Rose Kerlin, said the ...

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
... saying the reforms "recognise that a simpler process is needed for when people wish to make changes to their default insurance cover, something we support in preserving default insurance as a vital safety net whilst also providing choice." "Education ...

Cbus slashes insurance premiums

EMMA RAPAPORT  |  FRIDAY, 7 JUL 2017
... retirement balances. "Recognising the need to maximise their super savings early, we have moved to reduce their default insurance costs from $7.16 per week to $2.68," Atkin said. "These changes recognise the different needs of our members at different ...

MetLife raises bar on group insurance awareness

KARREN VERGARA  |  MONDAY, 29 MAY 2017
... aware of its value or that they are entitled to it, chief executive Deanne Stewart told Financial Standard. "Default insurance inside super is the most efficient way to provide affordable insurance cover to almost all working Australians, who may not ...

Insurance in super must be maintained: AIA

JAMIE WILLIAMSON  |  WEDNESDAY, 21 DEC 2016
... individual cover. ISWG will focus on improving cost impacts on account balances for consumers; addressing multiple default insurance policies; providing better assistance to customers at claims time and; improving member communications around insurance. ...

Industry fund recovers millions in lost super

JAMIE WILLIAMSON  |  WEDNESDAY, 7 DEC 2016
... consolidating multiple accounts. Furthermore, having super deemed lost means a member could risk losing the default insurance coverage that super comes with." "There's over $11 billion nationally sitting in lost super accounts, and we are very pleased ...

Insurance through super saves $403 million

STAFF WRITER  |  FRIDAY, 29 AUG 2014
... were not covered by insurance through their superannuation fund," ASFA chief executive Pauline Vamos said. "Default insurance has also helped thousands of people deal with financial hardship after an unexpected tragedy. Without it, it's likely many people ...