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Showing 1 - 10 of 430 results for %22TPD Insurance%22

AvSuper prepares members for merger, fee changes

KARREN VERGARA  |  FRIDAY, 22 MAR 2024
... of difference in cover include AvSuper members who have any amount of unitised death and total and permanent disablement (TPD) on the transfer date will become fixed cover in ART. ART's fixed TPD cover tapers or reduces for older members, while its ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... live with the same level of financial security," it said. When it comes to lodging a claim for total permanent disablement (TPD) insurance, the current default system of insurance provision, 55% of respondents said they would claim or even consider it ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... reduction from June 2018 to June 2023. A comparable decline was observed in the coverage for Total and Permanent Disability (TPD). The previous government's PYS measures, effective from 1 July 2019, aimed to safeguard Australians' superannuation ...

Qantas Super reduces premiums again

KARREN VERGARA  |  TUESDAY, 23 JAN 2024
... premiums for income protection reduced by 13%, while rates for default and voluntary death and total and permanent disablement (TPD) cover were lower by about 16%. TPD cover, for example, for members aged up to 30 years old now pay 68 cents for every ...

Super funds offer merger update

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... elsewhere. As part of the merger, CBA Group Super said most members will see a decrease in insurance premiums across death, TPD, and salary continuance cover. Death and TPD premiums are expected to drop by an average of 26%, while those paid for salary ...

TAL launches new look Accelerated Protection range

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... children. Features of the updated products include long term affordable benefits for a broader range of customers, more tailored TPD pricing and new occupation classes, income protection benefit changes to accommodate more needs, and changes to levels ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... reduced your premiums." In March 2023, Spirit Super negotiated with MetLife to drop some premiums by 25%. Fees for death and TPD went down by between 14.2% and 24.8%, while income protection premiums reduced by 7.7%. At the time, Spirit Super chief executive ...

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 ...
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