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Showing 1 - 10 of 105 results for "Income protection insurance"

ART inks mandate with Zurich

KARREN VERGARA  |  MONDAY, 14 JUL 2025
... extended its partnership with AIA to 2020 and continue to provide death, total permanent disablement and income protection insurance to Sunsuper members beyond the original July 2016 deadline. ART recently made an array of changes to several corporate ...

Hostplus extends MetLife partnership

MATTHEW WAI  |  MONDAY, 14 JUL 2025
... currently provides more than 865,000 members with Death, Total and Permanent Disablement (TPD), and Income Protection insurance through the partnership. Group insurance is available to all eligible Hostplus members. Hostplus chief executive David Elia ...

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
... quality of assessing claims, AFCA said. In the 2024 financial year, AFCA received 1468 complaints about income protection insurance or IDII in total during 2023-24. Of those, 938 related to group superannuation and 530 came from retail insurance. Delays ...

AFCA highlights 'pattern of delays' in super

ELIZA BAVIN  |  TUESDAY, 29 APR 2025
... system error in a super fund's insurance cancellation process led to the erroneous cancellation of Income Protection insurance for members when they left their employment. This issue affected over 1500 members and resulted in remediation costs of $1,430,426. ...

DII drives life insurance disputes: APRA

KARREN VERGARA  |  THURSDAY, 17 APR 2025
... sustainability, profitability, pricing and actual benefits delivered to policyholders. Otherwise known as income protection insurance, DII replaces policyholders' income in the event they are unable to work due to illness or injury. APRA said DII ...

Insurance in super remains a mystery to millions of Australians

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... Commission, a low-income, blue-collar worker paying for death, total and permanent disability (TPD), and income protection insurance could retire with $85,000 - or 14% less - than if they had no insurance. In an extreme case, the retirement income shortfall ...

TAL changes underwriting limits

KARREN VERGARA  |  MONDAY, 14 OCT 2024
... limits that reduces medical test requirements for new life, total and permanent disability (TPD), and income protection insurance applications. For life and TPD, customers aged 49 and younger can apply for up to $2 million in cover without mandatory ...

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
... Australians are interested in Total Permanent Disability (TPD) insurance, and 1.8 million are considering Income Protection insurance, the impact of a trusted brand cannot be understated," Guiamatsia said. Regarding client satisfaction and client engagement ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... class action alleges that from December 2008 to June 2019, Rest automatically enrolled new members in income protection insurance without their active consent. It also claims that when members didn't make any contribution to their Rest account for ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... that they can. It doesn't seem fair." Most recently, Zurich's OnePath raised premiums for its income protection insurance for the Plus (Series2) policy by 100% over the next two years. "Given an increase in claims volume and length, the small ...
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