I wonder how many 'donations' OnePath had to make to 'win' this.I have many clients on level premiums with OnePath for 4,5 & 6 years now who are currently getting renewals with 30% + increases in rates on their next renewal.Certainly OnePath are not 'Market leading' in rate increases but more than 30% on existing level premium holders feels steep.* IP, BE & LE Covers above $5,000 p/m have had the large size discount removed which equates to an increase of 8%* Occupation P Professionals Cat had the occupation factor discount reduced which equates to an increase of 7%.* This is noted as being higher for Level premium holders.* Also, a further adjustment of premium rates.(up)* Then CPI increase (if accepted by client) - since they don't offer a 'True' level contract this CPI increase is at date of increase and not date of policy acceptance.Significant increases in cost for many clients and a further strain on one's budget, but dont worry, you're with an 'Award winning insurer'.
In order to give you the best site experience, we need to know what kind of investor you are. Please select the title that best describes you below.
Financial Advisers - Investment
Financial Advisers - SMSFs
Individual Investors with SMSFs
Financial Advisers - Insurance
Accountants and Solicitors
Financial Services Professional