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Life Insurance

Challenger achieves 'record' life sales

20 February 2023

Challenger’s key life business – its biggest division by earnings – posted “record” sales of $5.5 billion in the December half, up 11% from a year earlier...

Perth financial planner wins Gwen Fletcher award

20 February 2023

The Financial Planning Association has announced Jessica Dean of Perth-based Globe Financial Planning as recipient of the Gwen Fletcher Memorial Award for the 2022 summer semester...

MetLife makes changes to life products

13 February 2023

MetLife has introduced changes that it says would make it “easier and faster” for customers in Australia to purchase life insurance...

Insurer ordered to pay 'further interest' after delaying TPD compensation

13 February 2023

A complainant whose total and permanent disability benefit payments were held up has partially won a dispute after the Australian Financial Complaints Authority ruled the insurer must pay “further interest” on top of what it has already agreed to pay to compensate for the delay...

Letter calls for 'holistic' response to Levy advice review

06 February 2023

The Federal Government has a rare opportunity to deliver significant reforms and should take a holistic approach in responding to a suite of recommendations in the Quality of Advice review, industry groups say in a joint letter to Financial Services Minister Stephen Jones...

APRA puts individual DII providers on notice

06 February 2023

The prudential regulator has listed individual disability income insurance as among its supervision priorities, after expressing concerns at the end of last year over the product line’s financial state...

TAL expands adviser education program

06 February 2023

TAL has announced it will introduce 20 new courses as part of this year’s program for its adviser education platform, the TAL Risk Academy...

Pensioner loses funeral premium dispute

30 January 2023

A pensioner who disputed her insurer’s decision to decline her request for a refund of her funeral insurance premiums has failed to persuade the Australian Financial Complaints Authority to reverse the outcome...