CommInsure extends group mandates
CommInsure has reasserted itself in the group insurance space by extending two key mandates from major industry superannuation funds.
The insurer announced this week it had won mandates from both Care Super and Vision Super.
Vision Super had extended an existing relationship with CommInsure to provide a broader suite of insurances, including income protection insurance.
The company said it had extended its relationship with Care Super to seven years and increased levels of total and permanent disability (TPD) cover for younger members while reducing their death cover to address the issue of underinsurance and overinsurance in the younger age group.
AUTHOR
Mike Taylor
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