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MLC switches on digital underwriting

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MLC Life Insurance has launched a digital underwriting platform as part of its $400 million digital infrastructure transformation.

It says the platform uses a pre-assessment tool to provide an underwriting decision in as little as five minutes, tripling the number of clients who are immediately accepted.

MLC expects 25% more customers will no longer require manual underwriting.

The insurer launched an online platform called LifeView for superannuation funds last year.