08 August 2019 — Life Insurance News 0

AMP Life Insurance sale to go ahead on revised terms

AMP have reached revised terms with Resolution Life for the sale of their life insurance business. The original sale agreement stalled in July when it was blocked by the New Zealand regulator. The Reserve Bank of New Zealand was unhappy that AMP’s New Zealand assets were...

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18 July 2019 — Life Insurance News 0

ASIC considers ban on unsolicited telephone sales of CCI and life insurance

ASIC has released a consultation paper seeking feedback on a proposal to ban unsolicited telephone sales of life insurance (including funeral insurance) and Consumer Credit Insurance (CCI). This follows a report from ASIC earlier this month which identified that CCI policies represented poor value and were...

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10 June 2019 — Life Insurance News 0

Warnings about loss of insurance cover in super after July 1st changes

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...

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27 May 2019 — Life Insurance News 0

Zurich launches LiveWell for new policyholders

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...

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14 May 2019 — Life Insurance News 0

Discussing death in top three “taboo” topics survey reveals

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...

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07 May 2019 — Life Insurance News 0

Asteron Brand to be discarded after TAL acquisition

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...

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03 May 2019 — Life Insurance News 0

TAL launches Health Sense Plus for existing policyholders

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...

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02 May 2019 — Life Insurance News 0

Rising Income Protection costs cause APRA to warn insurers

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...

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