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Showing 1 - 10 of 75 results for "TPD Insurance"

Super funds prime distributor of death, TPD cover

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
... super fund group insurance means it is the overwhelmingly most important channel for how Australians get death and TPD insurance cover," Rainmaker said. Notwithstanding the super fund pandemic affect, if long-run trends continue, Rainmaker projects that ...

FSCP issues slap on the wrist to adviser

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... and existing provider up to the maximum amount allowed without underwriting. "Although the clients held life and TPD insurance in their existing superannuation fund, the relevant provider failed to consider their existing insurance or conduct an insurance-needs ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... weekly cost of its default insurance cover, prompted by fewer than expected claims in previous years. For death and TPD insurance, members engaged in blue-collar or manual work will experience a weekly drop of 44 cents to $10.76. White-collar or non-manual ...

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
... as unlikely to ever engage in any occupation. Meanwhile, CareSuper said the maximum eligibility age for death and TPD insurance cover will be extended to provide longer coverage. Under the new policy, individuals can have death cover until they reach ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... individual disability income insurance claims follows ASIC's 2019 Report 633 Holes in the safety net a review of TPD insurance claims (REP633) and follow up 2021 Report 696 TPD insurance: Progress made but gaps remain (REP696), which examined claims ...

APRA, ASIC publish life claims and disputes data

ANDREW MCKEAN  |  WEDNESDAY, 20 APR 2022
... significantly in 2019 before stabilising at a paltry 20%. Moreover, despite the increase in claims paid ratios for TPD insurance, it had the longest average claims process duration; funeral insurance had the shortest time frame. The report claimed the ...

Cbus, Media Super set merger date

JAMIE WILLIAMSON  |  WEDNESDAY, 23 FEB 2022
... cover with Cbus, underwritten by TAL. "Overall, for a member that was in the MySuper option and also had death and TPD insurance they would be paying $539, broken down into $439 on their super balance and $100 for their insurance premiums," Rainmaker ...

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 ...
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