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Insurance

Industry fund changes insurer

KANIKA SOOD  |  FRIDAY, 8 NOV 2019
An industry superannuation fund has swapped out Hannover Life as its provider for income protection cover, amid an overhaul of its insurance offering.

The cost of mental illness

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
A new report from the Productivity Commission estimates mental ill-health and suicide is costing Australia up to $180 billion a year, or almost $500 million a day.

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Commonwealth Bank has completed the divestment of its life insurance business to AIA Australia, which includes a 25-year joint co-operation agreement.

OnePath introduces long-term premium projections

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
OnePath Life has launched 10-year premium projections on alteration quotes in a bid to provide greater clarity for financial advisers and their clients.

Growing advice group in commissions fight

ELIZABETH MCARTHUR  |  THURSDAY, 24 OCT 2019
A relatively new advice association has picked up members at a rapid pace as it takes up the fight to retain life insurance commissions.

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
A new paper on the consumer impact of Approved Product Lists (APLs) claims institutionally-aligned Australian Financial Services Licensees (AFSLs) are funneling new clients into in-house products, potentially in breach of Best Interest Duty obligations.

Life industry steps toward trust

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
Two industry groups have partnered to create a new life insurance standards framework.

Integrity Life focuses on SMEs

ELIZA BAVIN  |  TUESDAY, 8 OCT 2019
Integrity Life has launched a combined group insurance offering aimed at small to medium sized businesses with as few as five employees.

Mental health tops TPD claims

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
The underlying causes of total and permanent disability claims have been revealed in new research, and mental health tops the list.

Integrity Life launches lifetime discount offer

ELIZA BAVIN  |  THURSDAY, 19 SEP 2019
Integrity Life has launched an 8% discount for the lifetime of a policy across its lump sum products, designed to ensure sustainable pricing for its life insurance products.