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Life Insurance

AFA hopes Government is listening to FOFA criticism

06 February 2012

The Association of Financial Advisers hopes the Federal Government will look at the evidence given to the Parliamentary Joint Committee hearings on the Future of Financial Advice bills to improve them…

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…

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…

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…

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…

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…