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Showing 71 - 80 of 566 results for "Income Protection"

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... enhancing their offerings. Across the funds reviewed, three million accounts had death and TPD cover and 800,000 had income protection cover. Primarily, ASIC looked at whether members were receiving better value from their insurance, whether claims handling ...

Virgin Money Super ups premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... weekly premiums will now be $4.55 for a total cover amount of $176,000. There will be no change to premiums for income protection insurance. There is also no change to the amount of cover offered. "Increasing costs isn't something the trustee does lightly ...

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
... for the extended death cover. The super fund is also increasing the maximum level pre-disability income for income protection cover. The maximum pre-disability income replacement will be increased from 85% to 87% of their pre-disability income, up to ...

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... be younger than men. A MetLife study found that females making cancer-related claims in the areas of death, income protection, terminal illness, TPD and trauma are younger by one to four years on average compared to men. In terms of mental health cases ...

Spirit Super negotiates premium drop

CASSANDRA BALDINI  |  MONDAY, 6 MAR 2023
... agreement, Spirit Super said. Fees for death and TPD cover will be reduced by between 14.2% and 24.8%, while income protection cover will drop by 7.7%. The new agreement with MetLife came into effect yesterday. Spirit Super chief executive Jason Murray ...

PPS Mutual unveils new income protection product

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
PPS Mutual has launched a new income protection (IP) insurance product while bolstering its existing offering. The life insurer's new product, IP Prime 70, will allow professionals to cover up to 70% of their income, depending on their income level. ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... face ASIC in Federal Court over failures while handling a mental health claim. In 2016 a customer took out an income protection policy with OnePath Life through an ANZ financial adviser based in Grafton, New South Wales. OnePath Life was owned by ANZ ...

MLC Life updates retail insurance product range

CASSANDRA BALDINI  |  MONDAY, 31 OCT 2022
... to Australians," he said. Income Assure and Income Assure+ launched in October last year and aim to provide income protection insurance with a range of cover options to suit specific needs and budgets, making it easier for advisers to help clients protect ...

Insurance, retirement product excellence recognised

CHLOE WALKER  |  FRIDAY, 28 OCT 2022
... the Term Life Award, Trauma Rider Award and Innovation Product Award. NobleOak Life received the TPD Award, Income Protection Award, Customer Service Award and Innovation - Distribution Award. HCF Life received the Trauma Standalone Award and Accidental ...

ClearView expands distribution team

CHLOE WALKER  |  THURSDAY, 20 OCT 2022
... strategy Kathryn Williamson said that changing economic conditions, alongside a wave of new life insurance and income protection products recently hitting the market, has meant advisers need extra support to understand changes and how they may impact ...