Advisers will have access to new online applications as well as product enhancements in the latest upgrade of Asgard’s Personal Protection Package.
Head of product, Kelly Power, said Asgard’s partnership with AIA Australia has meant advisers can gain access to a comprehensive and more efficient insurance product.
Power said one of the main features of the upgrade has been the addition of Mortgage Acceptance Cover, which offers life and/or total and permanent disability (TPD) cover of up to $500,000 for clients who apply within 30 days of receiving their home loan approval.
“This means eligible clients will be able to get all the features and benefits of the life and/or TPD insurance cover quickly and simply, with no underwriting, no premium loading,” she said.
Other additions to the offering include takeover terms of up to $2 million for life and TPD cover, with a $20,000 monthly benefit for income protection and salary continuance, as well as increasing the maximum cover limit to $60,000 a month for income protection and salary continuance.
Advisers will also have access to a more efficient online application process that is integrated with AdviserNet, including an instant quote tool that generates a range of insurance options and premiums, as well as improved tracking tools.
