{"id":8495,"date":"2010-11-15T18:56:53","date_gmt":"2010-11-15T07:56:53","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=8495"},"modified":"2020-02-06T08:12:59","modified_gmt":"2020-02-05T21:12:59","slug":"mlc-november-2010-product-update","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2010\/11\/15\/mlc-november-2010-product-update\/","title":{"rendered":"MLC November 2010 Product Update"},"content":{"rendered":"<p>MLC has released a minor update to its risk products range, taking effect from 12 November 2010.<\/p>\n<p><!--more-->Applying to the insurer&#8217;s Personal Protection Portfolio and Life Cover Super products, the changes include:<\/p>\n<ul>\n<li>Increase in maximum sum insured available for TPD to $5 million (<em>previous maximum was $3 million<\/em>).\u00a0 Applies to white collar professional occupations (AAA, ACT &amp; ML).<\/li>\n<li>The minimum CPI increase for Life Cover, TPD and Critical Illness has increased to 5% (<em>previously 3%<\/em>).\u00a0 Designed to provide an opportunity for clients to have a larger increase in the sum insured without the need for further underwriting, whilst also allowing\u00a0the option to decline the\u00a0offer.<\/li>\n<li>Enhancements to Income Protection Replacement Ratios, leading to higher maximum cover levels for high income earners<\/li>\n<\/ul>\n<p>Other than a CPI-based policy fee increase, MLC advises there have been no premium rates changes for this update, which will not require a new PDS.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MLC has released a minor update to its risk products range, taking effect from 12 November 2010.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-8495","post","type-post","status-publish","format-standard","category-products"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/8495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=8495"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/8495\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=8495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=8495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=8495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}