Underwriting agency Canopy Insurance says it has negotiated enhanced terms with insurers for its income protection offering.

As reported by insuranceNEWS.com.au, Canopy launched late last year with its Lifestyle Assurance Package, which bundles income protection, death and critical injury cover.

The agency says the enhanced terms enable it to offer institutional-level rates and benefits across its entire portfolio, benefiting large groups but also individual clients.

“This strategic pricing adjustment underscores Canopy’s commitment to affordability and value in personal income protection,” Head of Canopy Insurance Michael Tran said.

He says the “competitive rates” are a direct response to cost-of-living pressures.

“Our strong partnerships with brokers and insurers have been instrumental in reaching this milestone. Brokers partnered with Canopy Insurance will now be able to extend these exceptional rates to their clients, supported by our dedicated marketing team and an intuitive broker portal.

“This initiative not only enhances the services brokers can offer but also strengthens the financial protection available to individuals against income loss from illness or injury.

“This is more than just a rate reduction; it’s about leveling the playing field, allowing individuals the financial security once reserved for larger corporate clients.”

Canopy Insurance is an authorised representative of Windsor Income Protection and the Lifestyle Assurance Package is backed by Lloyd’s underwriters.

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