TAL has rolled out a range of redesigned retail income protection solutions.

The life insurer says the revamped product line has been developed following an extensive review and back-testing on more than ten years of historical income protection claims.

It also took in findings from research conducted with more than 1500 customers, advisers and licensees.

“The result is a range of product solutions that are tailored to customer needs, featuring revised definitions aligned to sound insurance principles, which balance value and affordability while ensuring the right benefits are paid when they are needed most,” the insurer said.

TAL Group CEO and MD Brett Clark says the insurer’s commitment to advisers and customers was the focus in the development of the products,

“Income protection insurance is a critical tool used by Australians to protect their most important asset, their ability to earn an income, and it is essential that, as an industry, we get these products right for them,” Mr Clark said.

“TAL’s ambition is that our customers understand and value the protection they have and are confident we will be there when they need us most, and central to achieving that is offering easily understood, good value products which meet customers’ individual needs.”