Contact us: 1800 111 456Freecall Australia
 

News

Life Insurance News

0

MLC reveals COVID-19 insurance claims paid

In Australia, deaths from COVID-19 have totalled 910 to date. The vast majority, or 93%, of these, were in persons aged over 70.However, the total COVID-19 cases suffered in Australia has been much larger at over 30,000, and of these only 13% were aged over 70.Interestingly,...

Read More

0

Life insurance claims data released for 2020

APRA and ASIC have released their life insurance claims data for 2020.  This means that claim acceptance rates and average claim processing times are now available on an aggregate and individual company basis for the last three years. Claims Paying TrendsThe same methodology has been used...

Read More

0

AFCA provides details of Life Insurance complaints

The Australian Financial Complaints Authority (AFCA) has released a detailed breakdown of the complaints received up to 30th June 2020.The data can be found on the AFCA Datacube, an online comparative reporting tool, which shows how financial organisations are performing in handling complaints. The tool...

Read More

0

Life insurance industry acts to provide bushfire relief

The life insurance industry has mobilized to help those impacted by bushfires across Australia. A range of measures and initiatives have been announced: 1. Premium and Fee Waivers Premium waivers for up to 3 months have been offered to those affected by bushfires (including volunteers experiencing hardship)...

Read More