The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has named AIA as the 2012 Life Insurance Company of the Year. The award was presented at a gala ceremony in Sydney which honoured the achievements within the Australian insurance market.In accepting the award...
Superannuation regulations have been introduced imposing additional obligations on trustees of SMSFs effective from 7th August 2012. Trustees are now required to consider whether their fund should take out insurance policies for its members. This must be documented in either the fund's investment strategy or...
ASIC has advised that as part of its broader review of advertising of financial services and products it is specifically monitoring funeral insurance marketing for misleading or deceptive practices.Research conducted by ASIC has shown that some consumers do not understand the difference between prepaid funeral...
While Australians are generally healthy, the latest national report card on health from the Australian Institute of Health and Welfare (AIHW) warned that there are several areas where Australia compares less favourably to other developed countries.Australia has relatively high death rates from heart disease, diabetes...
A new website has been launched by the Mental Health Council of Australia (MHCA) and Beyond Blue to provide assistance to Australians who have experienced a mental illness to understand their rights and responsibilities when accessing insurance or making a claim.The website is called www.mentalhealthandinsurance.org.au...
Traditionally income protection policies have only been available to those working full time (usually more than 20 hours a week) in recognised occupations. This has meant that usually no cover has been available for the partner who has chosen to stay home to look after...
TAL (formerly known as Tower Australia) has been named the winner of the 2011 Plan for Life/AFA Life Company of the Year Award for the second year in a row. The award is based on the performance of each insurer against certain key criteria and...
CommInsure have released the results of a report they commissioned to collect the latest insurance statistics available, including data about consumer attitudes and behaviour.The report confirms the perennial and worsening state of our nation's underinsurance problem. Some of the key findings were:Australians are currently underinsured...