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Showing 1 - 10 of 462 results for "Group insurance"

Australian Food Super picks TAL for group insurance

JAMIE WILLIAMSON  |  TUESDAY, 1 OCT 2024
The $3 billion industry superannuation fund has transitioned its group insurance arrangements to TAL. It marks the end of a five-year mandate with AIA, which took over as the fund's group life insurer in September 2019 from MetLife. Effective September ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... total amount of cover for an individual - including that being applied for and any other existing cover, like group insurance, met certain thresholds. For instance, insurers can use results where the total amount of lump sum death cover is greater than ...

Group insurance cheaper by 25%: Rainmaker

KARREN VERGARA  |  MONDAY, 15 JUL 2024
Group insurance continues to be cheaper than life insurance purchased directly with an insurer by as much as 25%, new research from Rainmaker Information shows. The latest Rainmaker Benchmarking report finds that cost savings for group insurance members ...

AIA Australia releases new member insurance portal

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
AIA Australia has launched a new member insurance portal that enables group insurance customers to track their claims throughout the lifecycle. The portal promises real-time updates on claim statuses. It also offers features such as instant document ...

AustralianSuper bears brunt of complaints: AFCA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... complaints for the period. The lion's share (52%) related to account administration, followed by issues relating to group insurance (35.7%). A minority related to death benefits (11.5%) and pensions (0.89%). Victims of Dixon Advisory continued to ...

Hostplus rejigs Maritime Super insurance

ANDREW MCKEAN  |  WEDNESDAY, 5 JUN 2024
... in the 2023 financial year, the Australian Financial Complaints Authority received over 2500 complaints about group insurance through superannuation and noted in its annual review that complaints about delays relating to insurance have more than doubled ...

MIESF adjusts insurance premiums

ANDREW MCKEAN  |  MONDAY, 3 JUN 2024
... legislative reforms, the global pandemic, and changes in economic and social factors have had a "considerable impact on group insurance," resulting in higher premiums. This increase, however, is part of a broader trend. TAL Life research indicates that ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... through injury or illness which is increasingly common in today's environment." Meanwhile, MLC Life Insurance chief group insurance officer Mark Puli said Australians revealed a clear preference for income stream alternatives to lump sum payments in ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
The Association of Superannuation Funds of Australia (ASFA) has reported a sharp decline in group insurance coverage, pointing the finger at recent reforms. ASFA research indicates that the implementation of the Protecting Your Super (PYS) and Putting ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... fund, Rest has at all times focussed on the best financial interests of members," the spokesperson said. "Rest's group insurance cover is and has always been designed to meet the needs of our members." Rest's spokesperson added that offering default ...
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