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Showing 1 - 10 of 43 results for "Total permanent disability"

Feature: Group insurance | Cold comfort

MATTHEW WAI  |  WEDNESDAY, 22 OCT 2025
... nature of these claims. At TAL alone, in the three years to 2024, total group insurance claims for total permanent disability (TPD) related to mental health grew by 60%, while other causes of claim grew by about 20%. Drivers include greater awareness ...

Public feedback welcomed for Life Code improvements

MATTHEW WAI  |  MONDAY, 20 OCT 2025
... insurers, and how well insurers communicate with customers, especially during claims. The recent rise in total permanent disability (TPD) claims for mental health has positioned the topic as the first of many key considerations in the consultation. Last ...

Explosive rise in claims drives new TPD solution for Acenda

MATTHEW WAI  |  TUESDAY, 30 SEP 2025
Acenda has launched a new insurance benefit, Total Permanent Disability (TPD) Severity, in response to a significant surge in claims, particularly for mental health and musculoskeletal conditions. According to the life insurer, there was a 166% increase ...

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
New group insurance research finds that total permanent disability (TPD) claims are taking much longer to process, while death claims appear to have more efficient processes in place. According to Rainmaker's latest benchmarking data, a total of ...

Aussies underestimate life insurance's importance: Investment Trends

ANDREW MCKEAN  |  TUESDAY, 30 APR 2024
... seek assistance with policy cancellation. "In a market where 800,000 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," ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... statistics, in 2021, approximately 8.6 million Australians had death cover, while around 7.7 million had total permanent disability (TPD) cover, and about 3.9 million had temporary disability income replacement insurance through group insurance arrangements ...

ASFA, Deloitte recommend group insurance changes

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... claims, has a high average payout ratio and is a tax-effective method to access insurance for death and total permanent disability. However, even with insurance in super, Australia has lower levels of insurance than several comparable OECD economies. ...

Life Company of the Year named

ANNABELLE DICKSON  |  THURSDAY, 18 MAR 2021
... Quality Award while TAL's Accelerated Protection Life Insurance Plan took out the award from term life/total permanent disability and MLC's Insurance Critical Illness Plus Plan won for trauma/critical illness. Plan for Life regional managing director ...

HESTA hikes group insurance premiums again

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... includes two units of the income protection (IP) and two units of death cover. It does not include total permanent disability cover (TPD). For most HESTA members on it, overall insurance fees will increase from four cents to 22 cents a week, across all ...

Tasplan raises IP premiums

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
... gross cost minus tax deduction of up to 15% of the premium. Its group insurer for IP, death as well as total permanent disability (TPD) cover is MetLife. Tasplan is due for 1 April 2021 merger with MTAA Super, creating a $22 billion fund. In January ...
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