Results released today from a survey conducted by TAL of more than 1200 Australians has revealed that the vast majority don't believe they have adequate insurance.TAL have created an Australian Financial Protection Index as a way of measuring people's perceptions of their cover. The Index...
Insurance Watch Managing Director Wally Ripper has hit out at the costs of direct life insurance in an article in Asset Magazine, Australian Financial Review."The direct route tends to be more expensive, up to double the price, because there are embedded costs such as advertising,”...
AIA want to make sure you are prepared for the future. That's why this Christmas season AIA are offering 5% cash back on your first year's TPD premium. TPD or Total and Permanent Disability cover protects you against an injury or illness which leaves you...
In March 2011 AMP and AXA merged to form the new AMP, which would be Australia's largest life insurance company and a leading wealth management company. As part of the agreement with AXA's parent company in France there was a contractual obligation to stop using...
Canstar Cannex have announced this year's winners of their Five Star Outstanding Value awards for 2012. Last year's winners OnePath and AIA have again taken out the Overall awards - for OnePath this is the fifth year in a row. Canstar Cannex claim that "the...
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...