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LIFE/RISK
INDUSTRY NEWS
OnePath Life is remediating up to $35 million to over 40,000 customers who were sold life insurance policies over the phone between 2010 and 2016....
INDUSTRY NEWS
Life insurance and group insurance inside superannuation will be exempt from the Government’s deferred sales model. ...
INDUSTRY NEWS
Only one-third of surveyed consumers believe an advised life insurance product is better quality than an unadvised product, according to MetLife....
INDUSTRY NEWS
The bank will sell its life insurance arm to Fidelity Life Assurance Company in its latest step to simplify the business....
INDUSTRY NEWS
As previously announced, Allianz will enter into an exclusive 20-year agreement for the distribution of general insurance products to Westpac’s customers....
INDUSTRY NEWS
Advice affordability is deteriorating and advice fees should be tax deductible, according to ClearView....
INDUSTRY NEWS
The proposed stapling of superannuation funds may leave some members ineligible to claim against their own policy after paying premiums if they are injured or ill while w...
INDUSTRY NEWS
While individual disability income insurance products recorded a loss of $0.3 billion over the year to end March, 2021, this was a $1.1 billion improvement on last year’s...
INDUSTRY NEWS
Life insurers are not yet out of the woods on disability income insurance and should remain under scrutiny by the Australian Prudential Regulation Authority, according to...
INDUSTRY NEWS
MLC Life Insurance has paid only two claims for customers with the COVID-19 virus as Australia manages to see low numbers of cases. ...
INDUSTRY NEWS
The life insurer supports the Government’s plan announced in the Budget to develop a streamlined mechanism to transfer life insurance customers from old legacy products t...
INDUSTRY NEWS
Despite rumours suggesting otherwise, the Financial Services Council says receiving the COVID-19 vaccine will not invalidate life insurance policies....
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Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
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So we are now underwriting criminal scams?...