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Life Insurance

Disagreement over disclosure costs TAL $365,400

6 April 2020

The Australian Financial Complaints Authority has found TAL Life has no grounds to reject a claim for critical illness benefit lodged by a policyholder who had aorta repair and replacement surgery in November 2016...

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COVID-19 puts spotlight on life policy exclusion clauses

6 April 2020

The coronavirus outbreak has underscored once again the importance of understanding exclusion clauses in life policies, according to Finlaysons Lawyers...

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Funeral product obligations rise as exemption ends

6 April 2020

The Australian Securities and Investments Commission has spelled out new obligations for funeral cover providers as Hayne royal commission reforms take effect this month...

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CBA receives further payment from CommInsure divestment

6 April 2020

Commonwealth Bank has received further payment of about $865 million from AIA as part of the sale agreement for its life business CommInsure...

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FSC backs strengthened compliance, enforcement

6 April 2020

The Financial Services Council supports greater compliance and enforcement activities aimed at strengthening the legality and penalty framework of the current unfair contract terms regime...

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