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Life Insurance

Disability cover in super falling short, MLC says

11 March 2024

MLC Life Insurance has called for changes to default disability cover offered via superannuation after research showed current arrangements do not provide the protection people need...

New PI insurance targets advisers 

11 March 2024

A Lloyd’s-backed professional indemnity cover designed for financial advisers has launched under a partnership between Adviser Ratings and insurtech Numerisk...

Suncorp NZ life profit hit by discount rate

26 February 2024

Suncorp New Zealand’s life business suffered a 12.5% decline in half-year net profit to $NZ14 million ($13.1 million), the business announced today...

Insurer ordered to reinvestigate melanoma claim

26 February 2024

Resolution Life Australasia must reassess a melanoma patient’s trauma claim after a dispute ruling found that it carried out a “deficient” investigation into whether the man’s illness met terms covered by its policy...

ANZ misled client on cancer exclusions 

19 February 2024

A complainant has won her dispute with the company that arranged a reinstated trauma policy after the Australian Financial Complaints Authority ruled she was misled over coverage terms and exclusions for cancer...