Opt-in plan has serious flaws for consumers: say critics
30 January 2012
The Federal Government’s opt-in proposals could have serious implications for clients with life insurance policies, the Association of Financial Advisers has warned…
Life Insurance
Life insurers increase assets
30 January 2012
Australian life insurers have lifted their total assets during the 12 months ending June 30 2011 to $235 billion, compared to $234 billion in the 12 months ending December 2010…
Life insurance sales continue to grow
30 January 2012
Life insurance sales have continued to grow, with both inforce annual premiums and new business recording strong results for the 12 months ending September…
Suncorp merges life insurance back office with super
30 January 2012
Suncorp Life has merged the back-office life insurance operation with its superannuation and investment businesses…
Young Australians ignoring life insurance
30 January 2012
Young Australians have the lowest levels of life insurance, with just 36% holding some form of cover…
Good growth for income protection
30 January 2012
Income protection premium inflows were up 11.4% during the 12 months ending September 2011, according to research house Plan For Life…
More TPD cover for Qantas members
30 January 2012
MLC has sealed a deal to provide additional voluntary levels of total and permanent disability cover for Qantas Super members…
Life insurance included in super review
30 January 2012
The suitability and cost of life insurance provided in default superannuation funds is to be reviewed by the Productivity Commission…
FPA wants commissions on some group life sales
12 December 2011
The Financial Planning Association has called for some commissions on life insurance sold within superannuation schemes to be allowed…
Revenue and profits down for life insurers
12 December 2011
Total revenue for Australian life insurers has fallen from $23 billion in the year ending September 30 last year to $15.4 billion in the corresponding period this year…
Insurers to pay for income protection sales success
12 December 2011
The growth in sales of income protection products will cause the life insurance industry some headaches unless they manage claims better, Asteron EM National Sales Mark Vilo says…
Solid growth predicted for life industry
12 December 2011
Group life insurance will grow by 10% a year over the next 15 years, according to new research by Rice Warner Actuaries…
ClearView launches integrated platform
12 December 2011
ClearView has launched a private label platform that incorporates life insurance products and wealth management…
Zurich promotes one of its own
12 December 2011
Zurich Financial Services has promoted one of its NSW life insurance sales team, Stuart Meyers, to become NSW Regional Sales Manager Life…
AIA puts diabetes on critical list
12 December 2011
AIA Australia has responded to the growing incidence of severe diabetes by adding it as a crisis event to its Priority Protection product…
FOFA implementation date not set in concrete
05 December 2011
The Federal Government has given itself an escape clause on the implementation date of the Future of Financial Advice reforms…
FOS concern on consumers not opting in
05 December 2011
The Financial Ombudsman Service has called for the opt-in proposals in the Future of Financial Advice Bill to be modified to deal with clients not responding to renewal notices…
Zurich and OnePath win business stars
05 December 2011
OnePath and Zurich Life Australia have been given a five-star rating by Canstar for the outstanding value of their business life insurance products…
Count CEO goes as takeover approved
05 December 2011
Count Financial CEO Andrew Gale has resigned after both shareholders and the courts approved the Commonwealth Bank’s takeover of the company…
More people buy income protection and health insurance
05 December 2011
More people are taking out income protection and health insurance, according to the latest ANZ Survey of Adult Financial Literacy…