Monthly Archives: August 2018
OnePath Offers Premium Waiver For Drought Affected Communities
OnePath will waive life insurance premiums for two months for farmers, and those in rural and regional towns who provide services to the farming community, effective immediately.
The premium waiver will apply for OnePath customers...
ASIC Raises Concerns Over Lapses, Claims in Direct Insurance Market
ASIC has expressed concerns over the high cancellation rates of direct life insurance, as well as the lower levels of accepted claims, prompting it to move to end outbound sales calls and pressure selling...
BT to Guarantee Premium Rates For Two Years
BT will apply a rate guarantee on all new policies within its Protection Plans product suite for two years from the policy commencement date.
The guarantee will apply from 28 August 2018 to stepped and...
Practice Sales Spike Over LIF and Education Concerns
The number of life insurance advice businesses for sale has spiked, according to a financial advice business broker, who claims the increase is a result of the impact of Life Insurance Framework (LIF) and...
TAL Waives Premiums For Drought Struck Farmers
TAL will offer a six-month premium waiver to drought affected farmers in New South Wales and Queensland who qualify for Federal Government assistance.
The waiver offer will be available to existing TAL customers who hold...
MetLife Australia Launches Claims Platform
MetLife Australia has released a digital life insurance claims platform which it has launched with a public offer industry fund in South Australia.
The platform will allow fund members to scan and upload documents from...
Royal Commission to Call on Insurers to Provide Evidence
Four major life insurers have been slated to appear before the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry which will take place from 10 September.
The Commission announced that it...
O’Dwyer Moves Out of Financial Services Portfolio
The Federal Government has yet to name a new minister with oversight of the financial services sector after the former Minister, Kelly O’Dywer, was moved into a new role as part of a Cabinet reshuffle.
O’Dwyer...
MLC Life Insurance Boosts Group Life Team
MLC Life Insurance has appointed seven new staffers to its group life insurance team hiring them from its competitors over the recent months.
The appointments have resulted in the formation of a new client solutions...
AMP Names New Chief Executive
AMP has appointed long serving Credit Suisse executive, Francesco De Ferrari, as its new Chief Executive Officer.
He will join AMP after 17 years with Credit Suisse where he was, most recently, the Chief Executive...