ASIC and APRA concerned about premium increases
In a joint letter to all life insurance companies , APRA and ASIC have laid out concerns…
ASIC says insurers need to improve handling of income protection claims
An ASIC review of income protection claims has found more work is needed by insurers to ensure…
Claims acceptance rates improve in 2021
Life insurance claims statistics for 2021 released by APRA show an overall improvement in claims acceptance rates…
BT Life Insurance to be closed to new business
TAL has announced that they will be closing the BT Protection Plan range to new sales when…
TAL named Life Company of the Year for fifth year in a row
The 2021 AFA/Plan for Life awards for excellence have been announced, with TAL taking the honours for…
Coronavirus and Life Insurance
How does Coronavirus (COVID-19) affect Life Insurance policies? Updated 1st December 2021 The novel coronavirus, or COVID-19…
TAL buys Westpac Life, issuer of BT Life Insurance policies
Australia’s largest life insurer is set to get bigger. TAL Purchases Westpac Life Insurance Services Limited Today…
MLC reveals COVID-19 insurance claims paid
In Australia, deaths from COVID-19 have totaled 910 to date. The vast majority, or 93%, of these,…
Life insurance claims data released for 2020
APRA and ASIC have released their life insurance claims data for 2020. This means that claim acceptance…