Several industry players are acting to raise awareness of the potential loss of insurance cover through super for some Australians under the government’s “Protecting Your Superannuation” laws due to take effect on 1st July 2019. The legislative changes will remove the automatic life insurance and total...
Zurich have introduced their own health and wellness program called LiveWell. Free membership will be offered to all who apply for a new Zurich insurance policy. Existing policyholders who apply for an increase or add a new cover may also be eligible. Similar to AIA Vitality, Zurich...
A poll of more than a thousand Australians indicates that people would rather discuss past relationships with their partner than how to manage finances in the event of their death. The research was conducted by Pure Profile for new insurer, Integrity Life. The results showed the...
After completing their acquisition of the Asteron life insurance business from Suncorp on 28th February 2019, TAL have decided to discontinue the Asteron brand. TAL conducted a review across both its businesses to determine how they could best serve their customers and be sustainable over the...
TAL have announced the launch of Health Sense Plus to provide an incentive for existing TAL policyholders to undertake preventative health checks. TAL already provide Health Sense discounts of between 5% to 15% to new applicants who meet their BMI (Body Mass Index) criteria. Health Sense...
In an open letter to all life insurers and friendly societies, the Australian Prudential Regulatory Authority (APRA) has expressed its concerns about the industry’s failure to design and price sustainable income protection policies. In addition to being concerned by the financial losses experienced by insurers in...
APRA and ASIC have combined to release claims data for individual life insurance companies. This follows the earlier release of industry wide claim statistics. For the first time consumers are able to see how a particular life insurance company has performed in handling claims and disputes....
TAL have received the prestigious 2018 Insurance Company of the Year Award from Strategic Insight and the Association of Financial Advisers (AFA). This is the second consecutive year that TAL have won the top award, and the fifth time in the award’s 13 year history. TAL...
The same four insurers who announced premium relief to drought affected farmers in NSW and Queensland have stepped up again to offer premium waivers to the victims of the devastating floods in far North Queensland. The insurers, Zurich, AIA, TAL and OnePath, are offering the following assistance: ...
Analysis of hundreds of reviews left on the Insurance Watch website over the last 12 months has revealed that consumers want more communication, innovation and faster payment of claims from their insurers. The reviews were provided by current Life insurance, TPD, Trauma and Income Protection insurance...