Cbus moves to TAL
Construction and building industry fund, Cbus, has moved to TAL for its group life insurance offering after the board approved the move following a competitive tender process.
The fund said the move has not resulted in premium increases for members.
Under the move, a professional scale of cover and access to total and permanent disability will be brought in for members until age 70, while the main terms and conditions will be retained so core members can access insurance cover.
Cbus chief executive, David Atkin, said he was pleased with the tender process.
"The process has seen us deliver on our strategy of expanding the fund's offerings for all employees in the construction and building industry through the introduction of a professional scale of cover," he said.
"TAL's systems and services are already primed for innovation, service and technological agility and we are excited about the enabling operational platform they will provide."
The move will be effective from 1 November this year.
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