Search Results | Showing 1 - 10 of 11 results for "DII" |
| | | ... for the 12 months ending December 2025, down 1.2% from 118,605 in the previous year. Together disability income insurance (DII) and total and permanent disablement (TPD) accounted for 88% of all disputes made on claims. Both categories made up 64% of ... |
| | | | Disability income insurance (DII) continues to be a bugbear for the life insurance industry and is the most highly disputed product among advised, non-advised and group insurance customers, APRA statistics show. In 2024, total DII disputes reached 1987 ... |
| | | | ... superannuation led to $1.7 billion in death benefits and $3 billion in TPD payments in 2023-24. Disability income insurance (DII) also saw a decline post-reforms, though the drop was less pronounced than for death and TPD insurance. Still, coverage remains ... |
| | | | ... factors." Claims paid ratios by cover type had significant variances between products. The claims paid ratios for TPD and DII increased considerably over time, in contrast, the ratio for accidents fell significantly in 2019 before stabilising at a paltry ... |
| | | | ... published by APRA and ASIC included death, total and permanent disability (TPD), trauma, and disability income insurance (DII) among others. It listed their admittance rates and claims paid out ratios for four channels (individual advised, individual ... |
| | | | ... "This is a valuable contribution that will help the profession identify and tackle some of the issues that are impacting the DII market." The report said the sector needs simpler products, a change to definitions, and a review of the benefits to encourage ... |
| | | | ... unsustainable practices. "Life companies have collectively lost around $3.4 billion over the past five years through the sale of DII to individuals (rather than through superannuation). APRA wrote to the industry in May requesting urgent action to address ... |
| | | | ... as compared to a profit of $1.3 billion. "All risk products deteriorated, particularly Individual Lump Sum and Individual DII. This deterioration is mainly driven by loss recognition caused by persistent adverse claims experience," the report states. ... |
| | | | Disability income insurance (DII) continues to be a loss-making venture for life insurers as the prudential regulator undertakes a comprehensive review of its sustainability, pricing and the actual benefits delivered to policyholders. Otherwise known ... |
| | | | ... Control announced that Chinese individuals would be permitted to buy stocks traded on the Hong Kong stock exchange through the DII scheme, the Hang Seng rose by 40 per cent. Global analysts were also rubbing their hands together in anticipation of the ... |
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