MLC Life Insurance has been reappointed as group insurer for a large industry fund.
A statement from the company says it has been reappointed as Maritime Super’s group insurer effective 1 July 2022 and “…will continue to provide its members with cover for death, total and permanent disablement as well as income protection.”
Maritime Super is the largest industry fund for maritime workers and is one of Australia’s longest-running super funds, supporting members for more than 50 years. The fund has more than 24,000 members, mainly from the seafaring and stevedoring industries, and has almost $6 billion in funds under management.
Peter Robertson, CEO, Maritime Super, says they are delighted to recommit with MLC Life Insurance to provide insurance cover for its members, noting the insurer has have done a great job in providing a tailored insurance offer since the partnership began in 2019.
“We look forward to rolling out their Vivo health, wellness and recovery service, in addition to their new digital claims experience, to members in the second half of this year.”
Mark Puli, Chief Group Insurance Officer, MLC Life Insurance, says the reappointment was an endorsement of the collaborative work done between both partners to support members and improve their insurance experience.
He says they are thrilled Maritime Super has recommitted with MLC Life and the company looks forward to continuing its support for Maritime Super through their planned merger with Hostplus “…to ensure a seamless transition for their members.”
MLC Life Insurance recently launched its Vivo health, wellness and recovery program which is designed to provide support to customers wanting to improve their health and wellbeing throughout all life stages. Members from MLC Life Insurance’s group partners will get access to Vivo over the remainder of this year and into 2023 (see: Health, Wellness and Recovery Service Launched).
Puli ads that the company has “… bold plans to grow our presence in the group insurance market and the re-commitment of partners like Maritime Super is important to support this.”
For the edification of risk specialists, can MLC confirm that they’ve changed the rules in their group cover whereby if a permanent employee took up an offer to become a casual with the same employer, their TPD cover reverted to ADL cover as occurred in Tasmania a few years back.
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