OnePath has added OneCare insurance to its wholesale platform, Oasis Asset Management, to allow advisers to offer clients both retail and traditional group insurance options in super.
Ross Bowden, general manager of OnePath’s superannuation and investment division, said the move would enhance advisers’ provision of appropriate risk products to their clients and improve flexibility to meet investor needs.
“There has been a strong demand from dealer groups for Oasis to integrate a competitive retail insurance offering onto the ‘badged’ superannuation wrap,” he said.
Mark Pankhurst, head of superannuation and investment platforms, said the new offering provided a comprehensive range of award-winning insurance cover.
“When clients apply for OneCare insurance through the wrap platform, the benefits include processing all new applications online, which makes managing clients’ insurance cases faster and easier,” he said.
“This is a fully integrated insurance solution on the wrap. This means premiums are collected from members’ accounts and their premiums are tax deductible within their super fund,” he said.
