Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 68 results for "TPD Insurance"

Occupational exclusions under scrutiny

KARREN VERGARA  |  FRIDAY, 3 SEP 2021
... come with no surprises. "This review will look at the prevalence of occupational exclusions on default life and TPD insurance offerings within MySuper products to form a view of whether occupational exclusions in relation to default life and TPD insurance ...

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
... flagging concerns including declining claim rates, withdrawn claims and poor claims-processing times. ASIC's Report 696 TPD Insurance: Progress made but gaps remain outlines the areas that need improvement from the nine life insurers that were identified ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... distribution of products. Templates are available for life insurance; income protection insurance; trauma insurance; TPD insurance; superannuation master trusts (choice products); superannuation wraps; funds management (covering ETPs and LICs); and managed ...

LGIAsuper overhauls insurance, closes product

ELIZA BAVIN  |  MONDAY, 22 MAR 2021
... will see their TPD cover premium increase from $1.32 to $1.52 weekly per unit. White collar members will have their TPD insurance premium increased from $1.02 to $1.17 weekly per unit of cover. Lastly, professional members TPD insurance premiums will ...

Research slams ADL definition

ELIZABETH MCARTHUR  |  MONDAY, 13 JUL 2020
... Consumers Australia found that unemployed people and those working limited hours are the most likely to have to claim TPD insurance under ADL definitions. In fact, the research found 94% of people who were already unemployed when making a claim had to ...

Super advocate takes FSC to task over TPD tests

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
... in October 2019, which revealed significant industry-wide problems with the design and claims handling process of TPD insurance. O'Halloran cited the report's finding that claims made under these tests were five times less likely to succeed. ...

Cbus overhauls insurance offering

JAMIE WILLIAMSON  |  MONDAY, 2 MAR 2020
Cbus is changing the way it calculates insurance premiums, with members set to pay more for death and TPD insurance cover. From April 1, Cbus members' insurance premiums will be based on their age in a move designed to more closely reflect what it costs ...

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
... it took over as the default insurer for the fund as APRA made it compulsory for super funds to provide death and TPD insurance as a part of their MySuper offering. "We have had a strong relationship with the team at MLC Life Insurance, who have worked ...

ASIC eyes claims handling

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... with TPD come down to overly restrictive definitions. "We're concerned about unfair and restricted definitions in TPD insurance. This typically affects less secure, part-time and casually employed people the most, they end up with second-rate coverage," ...

Industry fund changes insurer

KANIKA SOOD  |  FRIDAY, 8 NOV 2019
... 35-39 age (roughly). "The same rationale has been applied to our TPD offering, that younger members do not claim on TPD Insurance and older members are likely to not need as much TPD insurance as they approach their retirement," the fund said. The changes ...
PAGE:
1
PREVIOUS
NEXT