A report released by Adviser Ratings aims to provide consumers with greater information about how different companies handle life insurance claims by ranking each insurer based on their claims performance. The 2016 Adviser Sentiment Life insurance Report covers the claims process for life insurance, income protection,…
After receiving approval from the Federal Court of Australia, Macquarie Life policies have been transferred to Zurich effective 1st October 2016. Zurich now has responsibility for managing existing Macquarie FutureWise, Active and Sumo policies and will continue to issue these policies under the Zurich brand….
Canstar have completed their annual review of policies offered by the largest life insurance companies in Australia. Outstanding Value awards have been given in the product categories of Life, Trauma, TPD, Income Protection and Packaged Life insurance. Overall Outstanding Value Award winners in 2016 were…
At the 13th Australian Insurance Industry Awards hosted by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and the Asia Insurance Review AMP was announced Life Insurance Company of the Year. The judges indicated that the award recognized the focus by AMP…
An international survey commissioned by Zurich has found that Australians tend to underestimate the risk of death, illness or disability compared to consumers in other developed countries and this is reflected in low levels of life insurance cover. The Oxford University study found that 47%…
Zurich Australia Limited has announced that it has agreed to acquire the Macquarie Life insurance business from the Macquarie Group. The transaction, which is subject to regulatory and court approvals, is expected to be completed in the second half of 2016. Under the deal the…
TAL has announced a new program which rewards customers who follow a healthy lifestyle. “Health Sense” provides new customers of TAL’s Accelerated Protection range with discounts if their Body Mass Index (BMI) falls within a defined range. The Health Sense range for BMI is between…
From 1st December 2015 customers who take out Vitality with their life, TPD and trauma insurance will enjoy a 12.5% initial discount on their premiums. This is compared to 7.5% previously. Vitality members will also be entitled to new benefits and rewards. Vitality have teamed…