Search Results | Showing 1 - 10 of 61 results for "Disability Income" |
| | ... 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 ... |
| | | ... cover, while around 7.7 million had total permanent disability (TPD) cover, and about 3.9 million had temporary disability income replacement insurance through group insurance arrangements in superannuation. The total value of insurance cover amounts ... |
| | | ... clarity for both customers and advisers. Clients on the top level of IP cover will now also be paid 70% of pre-disability income until their cover expires, meaning 70% of clients can continue through to age 65. In addition, the Income Support Booster ... |
| | | ... they will not be eligible 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 ... |
| | | There may well be a light at the end of the individual disability income insurance (IDII) tunnel, but there's still a way to travel before the end is reached, according to APRA. Analysis of data to September 2022 shows IDII enjoyed a run of favourable ... |
| | | An ASIC review of individual disability income insurance claims has determined that more work is needed by insurers to ensure customers are protected from unfair practices. ASIC has longstanding concerns about the potential consumer harm resulting from ... |
| | | ... the AFA called it a nonsensical suggestion. APRA data shows that there are 5.2 million Australians who have disability income insurance, the AFA cited. "This means that 38.5% out of 13.5 million working Australians have disability income insurance. A ... |
| | | APRA has suspended its work on individual disability income insurance, which was causing huge losses to insurance companies, expressing disappointment in the industry's response. The regulator first announced it was intervening on IDII products in 2019 ... |
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