Resolution Life Australasia and Asteron Life New Zealand (Asteron Life) are pleased to announce that Resolution Life has entered into an agreement with Suncorp Group to purchase 100% of the Asteron Life business. Resolution Life Australasia is part .
The PDB is paid at the rate of 90% of wages in the form of monthly payment depending upon the extent of loss of earning capacity as certified by a Medical Board. The DB is paid at the rate of 90% of wage in the form of monthly payment to the dependants of a deceased Insured person in cases where death occurs due to employment injury or occupational hazards, the statement said.
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