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TAL Launches Health Sense – up to 15% discount

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 19...

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AIA Vitality increases discount to 12.5%

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 up...

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Nippon Life purchases 80% of MLC

Japan’s largest life insurance company, Nippon Life, has entered into a deal with National Australia Bank to buy 80% of the MLC life insurance business for $2.4 billion. NAB will retain the remaining 20% of the business. The new partnership is expected to take effect in...

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TAL & Zurich win top Canstar Awards

Every year Canstar produces their Star Ratings Report for the Life insurance industry.  It is a mammoth research project comparing the policies offered by 13 insurance companies for term life, trauma, TPD and income protection cover. The results for 2015 have TAL and Zurich taking the...

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AIA named ANZIIF Life Company of the Year

Winners of the 12th Annual Australian Insurance Industry Awards have been announced by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF). AIA Australia received the award for Life Insurance Company of the Year, making this the third time in the last four years...

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Children are top reason for buying insurance

A recent study has shown that the main trigger for taking out life insurance is having children. The survey of 1500 Australians conducted by Asteron Life asked consumers to nominate life events which would prompt them to take out life insurance or income protection.  The results...

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New Redundancy Insurance Policy Launched

A new standalone redundancy policy has been launched to fill a gap left by traditional income protection and loan protection policies. Recent analysis by the Weekend Australian on 25th April 2015 revealed 1.2 million Australian workers did not expect to be with their current employer in...

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