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Showing 1 - 10 of 23 results for "Blue Collar"

AustralianSuper drops premiums

JAMIE WILLIAMSON  |  THURSDAY, 14 APR 2022
... up to age 65 will see the cost of their cover increase as claims have increased. Across all ages and work category (blue collar, white collar and professional), premiums for death cover will drop 4-5% while the cost of TPD will drop by 15%. The cost ...

AvSuper names insurer, premiums rise

JAMIE WILLIAMSON  |  MONDAY, 7 MAR 2022
... effective April 1, AvSuper members will pay more for their death and TPD cover; the first increase in six years. A 'light blue collar' member with default cover of two units of death and TPD will see their premiums rise from $1.70 a week to $2. Premiums ...

Unpaid super tops $5bn per year: ISA

JAMIE WILLIAMSON  |  THURSDAY, 28 OCT 2021
... found that young workers and those on lower incomes are most likely to be underpaid, particularly those working in blue collar industries (40%) or hospitality. Younger workers were also the cohort most likely to withdraw from their accounts under the ...

Christian Super enhances insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 19 OCT 2021
... Christian Super is making, with another being the recategorisation of occupational groups. From November, the 'light blue collar' and 'heavy blue collar' categories will be merged into a single 'blue collar' group, similar to how many other super funds ...

Cbus changes insurance premiums

JAMIE WILLIAMSON  |  FRIDAY, 27 AUG 2021
... negotiate a decrease for others." The fund is also improving its income protection offering, including extending cover to blue collar workers in its manual and electech categories. It's also now offering cover to miners who don't work with explosives ...

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... financial year. LGIA is also changing the names of its occupational risk ratings. Standard risk rating will now be called 'blue collar', low risk will now be referred to as 'white collar' and professional will remain the same. Under the changes the cost ...

AustralianSuper introduces insurance changes

KARREN VERGARA  |  WEDNESDAY, 17 MAR 2021
... $1.56 less per year. Work ratings and pricing will change also from May 29. The Standard work rating will be known as Blue Collar and Low Risk will become White Collar. The Professional work rating will not change. The prudential regulator is slamming ...

LUCRF Super ups premiums for older members

KARREN VERGARA  |  THURSDAY, 13 JUN 2019
... death and TPD insurance by default, members who have not selected their occupation category are assigned to the light blue collar rates. In light of this, a Rainmaker analysis shows actual default cost per week for default death and TPD has not increased ...

Socio-economics dictate insurance needs of young Aussies: Insurer

JAMIE WILLIAMSON  |  THURSDAY, 19 JUL 2018
... the need for life and disability insurance," TAL said. "For example, members of a superannuation fund that supports blue collar workers are more likely to have more comprehensive insurance needs at an earlier age than a fund which supports professional ...

Super insurance maintains active pricing: Research

DARREN SNYDER  |  WEDNESDAY, 5 APR 2017
... waiting period) for a low-risk white collar worker increased by 7% compared to only a 2% increase for higher-risk blue collar workers. While both death and TPD, and income protection changes saw an average increase in cover value, stand-alone death only ...
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