CommInsure has announced the launch of a range of enhancements to its products and services, developed in direct response to market research and feedback from advisers.
The enhancements include a partnership between CommInsure and Colonial First State’s FirstChoice and FirstWrap platforms allowing customers to pay for their Total Care Plan Super insurance premiums through rolled over superannuation monies from selected funds.
Tim Browne, CommInsure’s General Manager, Retail Advice, said: “… Rollovers into our Total Care Plan Super product are automatic and the advantage is that the premiums don’t impact the client’s immediate cash flow.
Other product enhancements include:
- Introduction of a new renewal reward, which offers customers who roll over super funds to Total Care Plan Super a reward of up to 15% upon renewal, applied to the following year’s premium
- Increased TPD cover limit to $5 million
- Improved Prostate Cancer definition, including payment of a full trauma benefit on diagnosis of prostate cancer at stage TNM T1c
- Removal of the Post Natal Depression exclusion under income protection
- CommInsure’s Income Care Super is now available within its Total Care Plan Super (previously, income protection in super was only possible under a self-managed superannuation fund owned ordinary policy)
Along with the product improvements, CommInsure is introducing a number of service enhancements:
- More flexibility when quoting on and applying for, stand alone products, designed to save advisers time and effort
- 40 enhancements to CommInsure’s WriteAway underwriting rules engine
- Introduction of RealTime Health, a a new online resource for advisers and their clients, with hundreds of patient and carer stories on a range of common medical conditions
- Introduction of Life Facts Profiler, a service that pools statistics for disease, traumatic events and life expectancy relevant to the client’s circumstances. This service is intended to support an adviser’s recommendations showing clients their susceptibility to risk, based on the collective data of others with similar profiles.
These enhancements will be launched to the market at a series of national events throughout October. Advisers can learn more about the enhancements by visiting the CommInsure Adviser Site.
