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Life Insurance

MLC Life says cover unaffected by COVID vaccines

17 May 2021

MLC Life Insurance is “strongly encouraging” its customers in Australia to get the COVID-19 vaccine as soon as they are eligible, to protect themselves and the wider community from severe disease...

PPS Mutual drops medical evidence burden

17 May 2021

PPS Mutual has dropped a mandatory medical evidence requirement, simplifying the application process for its members who are on Income Protection benefits and want to add or increase their Life, Total and Permanent Disability or Trauma cover...

Couple wins 'frozen premium' life insurance dispute

10 May 2021

A couple who ended up paying more for their life policies because AMP Financial Planning failed to sign them up for a “frozen premium” plan as discussed has won their complaint against the advisory firm...

AFA announces GM appointments

10 May 2021

The Association of Financial Advisers has appointed Candice Spence as GM Marketing and Cameron Burne as GM Partnerships...

Westpac settles life insurance class action

03 May 2021

Westpac Group says it has reached an agreement with Shine Lawyers to settle a class action relating to premiums for life insurance policies that were sold between 2011 and 2017 “without any admission of liability”...

ALUCA names excellence award contenders

03 May 2021

The Australasian Life Underwriting and Claims Association has announced the finalists for its annual excellence awards across 10 categories...

Treasury consults on draft regulations for super reforms

03 May 2021

Treasury has released for consultation the exposure draft regulations for a raft of proposed reforms to the superannuation system, including a so-called “stapling” measure that aims to save workers from paying unnecessary account fees and group insurance premiums...

ASIC says IOOF commits to remediation action

03 May 2021

IOOF has committed to take remedial action related to licensees Bridges Financial Services and RI Advice Group, the Australian Securities and Investments Commission says...

Bozenna Hinton departs TAL for GM role at MLC Life

03 May 2021

MLC Life Insurance has appointed Bozenna Hinton as its new GM, Product, Pricing & Retail Insurance Proposition, responsible for the insurer’s portfolio, including a new income protection product to be launched later this year...

Latest DII claims paid ratio sparks another APRA warning

26 April 2021

Disability income insurance policies have the highest claims paid ratio for all distribution channels, prompting the prudential regulator to issue another warning about the sustainability of the troubled line...