Search ResultsShowing 1 - 10 of 100+ results for "TPD"
Industry fund previews new insurance offering
JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... line with the new cover. There will be no change to members' cover until March 31 and, from April 1, the level of life and TPD cover will remain the same. In addition to several other changes, new life event cover will be introduced, allowing members ...
Industry fund appoints new group insurer, ups indirect fee
JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2019
... Hannover Life Re. The mandate change was effective September 28, with AIA now providing Intrust's members with death and TPD cover. Intrust Super chief executive Brendan O'Farrell told Financial Standard it was AIA's attention to detail and ...
Retail fund renews insurer, cuts premiums
KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
... has renewed OnePath Life for three years starting December 1. The mandate is for death, total and permanent disablement (TPD) and income protection (IP) cover. The fund is managed by Mercer and operates as a sub-plan of the Mercer Super Trust. It had ...
ASIC eyes claims handling
ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... and the claims handling processes of insurers are well within ASIC's sights. Following the release of an ASIC review into TPD which found significant, industry wide problems with product design and claims handling the regulator has reaffirmed its focus ...
Super fund bumps up premiums
JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
... industry superannuation fund. As of this month, First Super and its group insurer MetLife have bumped up the cost of death, TPD and voluntary income protection cover. According to the fund, the increase is a fixed percentage increase dependent on age ...
MLC Life wins group insurance mandate
JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2019
... insurer for Generali Employee Benefits (GEB) for its multi-national clients. The insurer will provide group cover for death, TPD and income protection, and access to its Best Doctors and Mental Health Navigator programs. "MLC Life Insurance is delighted ...
Cbus enters corporate super
JAMIE WILLIAMSON  |  WEDNESDAY, 13 NOV 2019
... insurance cover will automatically receive the cover they are eligible for and fixed cover equal to any additional death or TPD cover they already held. They will also be entitled to automatic income protection cover where applicable. Again similar to ...
Industry fund changes insurer
KANIKA SOOD  |  FRIDAY, 8 NOV 2019
... period of life when financial commitments are typically the highest (young children, mortgages etc)," it said. Similarly, the TPD cover is going down for younger and older members, except for the 35-39 age (roughly). "The same rationale has been applied ...
Industry fund hikes insurance premiums
JAMIE WILLIAMSON  |  WEDNESDAY, 30 OCT 2019
... the rise to increased claims and the Protecting Your Super reforms. A 45-year-old member with $220,000 in basic death and TPD cover will now pay 58% more for insurance, with their premiums jumping from $4.51 a week to $7.12. This includes a 12% administration ...
TPD riddled with issues: ASIC
ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... pay for the cover can't rely on it when they need it the most. "Over 12 million Australian workers automatically pay for TPD cover through their superannuation to provide financial protection when they are so sick or injured that they can never work ...
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