TAL (formerly TOWER Australia) has announced enhancements to its corporate insurance offer.
The insurer has upgraded its Group Life and Group Salary Continuance products and introduced online and telephone based application services for corporate employees.
Also among the enhancements is the introduction of worldwide cover with no restrictions on location or time spent overseas, without the need for prior approval.
Adam Fusca, Head of TAL’s Corporate Stand-Alone business, says the focus for the upgrade was on simplicity and increasing flexibility.
“We removed a lot of the previous administration burdens around pre-notifications and pre-approvals to TAL. We also acknowledge the increase in ‘global’ employees so we increased the flexibility of the product by removing the restrictions on locations and time spent overseas to make it easy for our customers to cover all their employees,” he said.
He added that he was particularly excited about the introduction of online and phone application services that would make providing cover for employees “so much easier”.
TAL advises other enhancements include:
- Death, TPD and GSC cover is available for permanent employees regardless of the number of hours worked each week
- Premiums in respect of underwriting loadings are waived
- TPD continuation option included as a standard benefit
- Interim Cover expanded to include cover for illnesses
- Expansion of the ancillary benefits available under GSC
- Ability to obtain up to $200,000 additional Death/TPD Cover TAL Life Events Cover
