ING Australia has increased availability of Any and Own Occupation TPD cover for professionals to $5 million.
The insurer advises this increased level of TPD cover is available to white collar and professional occupations only.
The previous maximum TPD cover on offer to the professional sector under Any and Own Occupation definitions was $3 million.
In a statement announcing this initiative, Gerard Kerr, Head of Product Marketing for Life Risk said: “Insurers have a responsibility to make life insurance products accessible, relevant and compelling.”
… In recent years, the demand for higher sums insured has increased significantly
“In recent years, the demand for higher sums insured has increased significantly. This increase is a direct result of adviser feedback,” siad Mr Kerr.
The new maximum cover limit came into effect from 22 March 2010.
