Search Results | Showing 1 - 10 of 68 results for "Disability Income" |
| | | ... came to 117,219 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 ... |
| | | | ... end of 2023 when they collectively made $443 million in net losses. For product lines, revenue for individual disability income insurance (IDII) steadily increased over the 12 months to June to $1 billion. Group disability income insurance reported revenue ... |
| | | | ... a bump in changes to liabilities for incurred claims of $475 million. Across different products, individual disability income insurance (IDII), at the superannuation and ordinary business level, made $1.1 billion in revenues in the March quarter, holding ... |
| | | | ... The attrition rate for individual lump sum policies rose to 10.5% in December, up from 10.1% a year earlier. Disability income insurance new business slumped 33.3% over the year to $301 million, down from $451 million recorded in the year to December ... |
| | | | 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 ... |
| | | | ... cover through 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 ... |
| | | | ... $30,000 per month. Income protection benefits have been improved so that, instead of receiving 50-75% of your pre-disability income in the event of total disability, members will now receive up to 90% of their pre-disability income or the insured amount ... |
| | | | ... profit in FY23, down from $1.2 billion in FY22, largely driven by reduced retail profitability in lump sum and disability income products. Non-risk products posted a $700 million profit, up from a $600 million loss the previous fiscal year. KPMG actuarial ... |
| | | | ... made several updates to ClearChoice. Clients on the top level of IP cover, for example, are paid 70% of pre-disability income until their cover expires or through to age 65. Clearview Life is now prohibited from engaging in retail product distribution ... |
| | | | ... levy funding, from $20 million to $20.4 million. APRA will focus on the long-term sustainability of individual disability income insurance and improving decision-making through data support. In contrast, levy funding for general insurance dropped from ... |
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