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Insurance

TOWER enhances Accelerate Protection

PRESS RELEASE  |  THURSDAY, 29 APR 2010
TOWER Australia has upgraded its Accelerated Protection risk insurance product and improved its online service.

AXA upgrades insurance in super

PRESS RELEASE  |  WEDNESDAY, 28 APR 2010
AXA Australia has added its financial protection product, Elevate, to the Summit, Generation and iAccess investment platforms.

Planning firm to drop commission-based insurance advice

MICHELLE BALTAZAR  |  WEDNESDAY, 7 APR 2010
It's not going to happen overnight but NAB-owned planning group Godfrey Pembroke has set in motion a strategy that will switch all of its planners out of providing commission-based advice on insurance and mortgages.

Perpetual Select Super to slash insurance premium by 40pc

RUTH LIEW  |  TUESDAY, 6 APR 2010
The $850 million Perpetual Select Super Plan has terminated its insurance mandate with ING Australia and appointed AIA as its new insurer - a move that saw the plan cut premium rates by up to 40 per cent for some members.

Aussies to rely on govt when insurance falls short: survey

RUTH LIEW  |  TUESDAY, 30 MAR 2010
More than two-thirds of Australians are under the illusion that the Federal Government will provide financial support to families if a member dies prematurely - one of the misconceptions driving underinsurance.

MetLife Australia names new chief

PRESS RELEASE  |  MONDAY, 29 MAR 2010
The former chief of ING New Zealand, Marc Lieberman, is the new head of Metlife Insurance in Australia.

BOQ buys St Andrews insurance

COMPANY RELEASE  |  MONDAY, 29 MAR 2010
Bank of Queensland has bought St Andrew's Insurance from the Commonwealth Bank of Australia.

Impaired life annuities post record sales

TOWERS WATSON RELEASE  |  MONDAY, 22 MAR 2010
The demand in the UK for impaired life annuities, which gives eligible consumers higher-than-average pension income, has quadrupled since 2001, new figures show.

Risk commission debate heats up

RUTH LIEW AND ALEX DUNNIN  |  THURSDAY, 18 MAR 2010
The FPA's stance that commissions on risk products should remain has revived the debate on insurance fees and prompted two other industry bodies to have their say.

ING enhances OneCare

PRESS RELEASE  |  MONDAY, 8 MAR 2010
ING Australia has improved its life insurance product, OneCare, that allows policy holders to increase their cover by up to 25 per cent on the amount insured on every third year policy anniversary without a medical check-up.