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Showing 1 - 10 of 149 results for "Underinsurance"

TAL partners to expand access to affordable insurance

MATTHEW WAI  |  MONDAY, 16 JUN 2025
... 55% last year. Despite a growing appetite for life insurance, there is a lack of understanding and therefore rife underinsurance. TAL group chief executive and managing director Fiona Macgregor believes life insurance cover should be tailored and simplified ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
... test results in underwriting life insurance policies, looking to address concerns around discriminatory practices, underinsurance, and a growing aversion among Australians to seeking possibly life-saving genetic testing. In 2019, a moratorium was introduced ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
... of some 5000 Australian workers. The report finds that younger workers (aged 18-34 years) are facing significant underinsurance challenges due to lower home ownership rates and pivoting towards accumulated superannuation savings for retirement. Meanwhile ...

A third of Aussies want life insurance advice: Research

CHLOE WALKER  |  THURSDAY, 7 DEC 2023
... they obtain it at a younger age (25%). "There is a clear unmet financial advice need in Australia and a growing underinsurance problem that is leaving people unprotected when times get tough," Cupitt said. "Almost one in two Australians say the main ...

HESTA pushes for gig worker super entitlements

ANDREW MCKEAN  |  MONDAY, 29 MAY 2023
... proportion of Australian workers who do not have life insurance cover. In turn, this would increase the degree of underinsurance in the Australian community and the consequential burden on the social security system," an ASFA report said. More recently ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
... level of protection from people falsely claiming when they have a known medical issue," it added. With the growing underinsurance challenges in Australia, HCF Life said it feels it is in the best interests of consumers to have direct access to affordable ...

Poor financial literacy worsens underinsurance problem

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
Australia's poor level of financial literacy is potentially making the underinsurance problem worse and puts women further behind, according to MetLife. The life insurer looked at the impact of financial literacy on Australians' financial health ...

QAR could see 12% increase in insured Aussies

CHLOE WALKER  |  THURSDAY, 20 OCT 2022
... policies and new business, even with these changes in place, it is expected to take at least 10 years to address the underinsurance gap, it said. In response to the research, FSC chief executive Blake Briggs said that the government has a rare opportunity ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... working," the association said. "This statistic alone is enough to demonstrate that Australia has a problem with underinsurance." The AFA concluded by saying it welcomed the Quality of Advice Review consultation process and the open debate on how to ...

AIST, MetLife tackle underinsurance issue

KARREN VERGARA  |  TUESDAY, 8 FEB 2022
... Superannuation Trustees have joined forces to raise awareness about the importance of group insurance in a bid to tackle the underinsurance problem. AIST chief executive Eva Scheerlinck told Financial Standard that this partnership will ensure profit-to-member ...
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