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Showing 1 - 10 of 38 results for "Total permanent disability"

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 ...

Australian Ethical rejigs insurance

ANNABELLE DICKSON  |  TUESDAY, 15 SEP 2020
... fund has issued a significant event notice to its members outlining the changes to default death and total permanent disability (TPD) cover and fixed cover which includes death, TPD and income protection. The default death and TPD cover which was previously ...

ERS sees Cbus members forfeit TPD cover

ANNABELLE DICKSON  |  FRIDAY, 11 SEP 2020
... detrimental to many Cbus members, having withdrawn their entire balance and seeing the cancellation of their total permanent disability insurance. Speaking at the House of Representatives Standing Committee on Economics Cbus chief executive Justin Arter ...

FSC reveals life insurance data

ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
... accounting for 20%, whereas for women it's the third most common cause at 7% of female deaths. For total permanent disability (TPD) claims, mental health disorders top the list for both men and women at 24% and 27% respectively. Similarly, accidents ...

Public super fund rejigs offering

KANIKA SOOD  |  WEDNESDAY, 17 JUN 2020
... at least 12 continuous months. As a result, the fund has added default insurance cover for death and total permanent disability (TPD) cover for members who meet four conditions: discharged from service on or after July 6 (including 12 continuous months ...

HESTA hikes default insurance cover

KANIKA SOOD  |  THURSDAY, 13 FEB 2020
... of the income protection (IP) to age 67 and two units of death cover to age 75. It does not include total permanent disability cover (TPD). Effective April, the cost of IP will go up, while the cost of death cover will come down. The net effect spells ...
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