insuranceNEWS.com.au - Life Insurance

Zurich loan cover ‘combines life, income protection’

Mon, 15 Sep 2025 04:11:47 GMT

Zurich has launched Home Loan Protection, a cover that automatically adjusts its premiums as an insured’s mortgage is reduced...

AMP reaches deal with insurers after claim row

Mon, 15 Sep 2025 04:11:37 GMT

AMP has received about $44 million from insurance claims to cover historical remediation programs that ended in 2022...

Payout rejected after claimant denied having tests

Mon, 15 Sep 2025 04:11:27 GMT

Hannover Life Re does not have to pay a terminal illness benefit after it showed a policyholder did not answer questions correctly when applying for cover...

FSC hands out industry awards

Mon, 15 Sep 2025 04:11:02 GMT

The Financial Services Council of New Zealand named the winners of its annual excellence awards last week...

Spread compo scheme charge across sectors, advisers say

Mon, 08 Sep 2025 03:22:06 GMT

Financial advisers say a planned special levy to plug a gap in Compensation Scheme of Last Resort funding should be “spread as broadly as possible” across subsectors...

Insurer told to pay interest on delayed TPD payout

Mon, 08 Sep 2025 03:21:53 GMT

The industry ombudsman has overturned decisions by an insurer and superannuation fund trustee after the former took too long to pay a claim...

Minister to address FAAA conference

Mon, 08 Sep 2025 03:20:21 GMT

Daniel Mulino will speak at Financial Advice Association Australia’s annual conference in November...

CALI opens female adviser grant program

Mon, 08 Sep 2025 03:20:10 GMT

The Council of Australian Life Insurers has opened applications for its ReCALIbrate program promoting opportunities for women in financial risk advice...

Key lines, investment income lift industry result

Mon, 01 Sep 2025 04:50:00 GMT

The life industry made an after-tax profit of $360 million in the June quarter, up from $116 million a year earlier, as key products delivered higher earnings...

NZ regulator warns of rise in advice fraud

Mon, 01 Sep 2025 04:49:51 GMT

A financial adviser accused of fraudulently applying for life and health insurance for non-existent people has had his licence cancelled...

ClearView upbeat after repricing legacy products

Mon, 01 Sep 2025 04:49:44 GMT

Life insurer ClearView Wealth expects to do better this financial year after posting a drop in 2024-25 earnings...

CALI flags ‘flow-on effects’ from NSW workers’ comp overhaul

Mon, 01 Sep 2025 04:49:34 GMT

Life insurers have warned of adverse claims impacts under proposed reforms to the NSW workers’ compensation scheme...

Industry on notice after ASIC review

Mon, 25 Aug 2025 04:20:41 GMT

The life industry is under pressure after an Australian Securities and Investments Commission review found “notable deficiencies” in the way products are sold direct to consumers...

Group premiums continue to climb amid challenges

Mon, 25 Aug 2025 04:20:07 GMT

Premiums on group life insurance policies with long-term benefit periods increased 15%-25% on average in the first half, according to a Marsh Australian mid-year market update...

NZ advisers salute code update

Mon, 25 Aug 2025 04:19:52 GMT

Financial Advice New Zealand has hailed the new industry code as a “defining moment in the evolution of our profession”...

Actuaries launch product sustainability guide

Mon, 25 Aug 2025 04:19:44 GMT

The Actuaries Institute has prepared a sustainability guide for life insurance products...

Challenger profits as annuity demand grows

Mon, 25 Aug 2025 04:19:32 GMT

Australian wealth group Challenger has posted a 9% rise in normalised net profit after tax, which totalled $456 million for the year to June 30, in line with earnings guidance...

MetLife backs financial literacy program

Mon, 25 Aug 2025 04:19:19 GMT

The MetLife Foundation has made a $US110,00 ($169,685) contribution to the Financial Basics Community Foundation’s education program for disadvantaged young Australians...

Industry backs demand for action on mental health crisis

Mon, 18 Aug 2025 04:40:04 GMT

Life insurers have joined a mental health advocate in calling for the federal government to deliver on its $1 billion election promise to fund wellbeing initiatives...

Code monitor moves to avoid breach double-ups

Mon, 18 Aug 2025 04:39:55 GMT

The Life Code Compliance Committee has set out its approach to breach reporting after insurers flagged concerns over duplication...