Date Time ASIC secures $35 million remediation for OnePath Life customers OnePath Life Pty Ltd (OnePath) is remediating up to $35 million to over 40,000 customers who were sold life insurance policies over the phone between 2010 and 2016. This remediation flows from ASIC intervention and action over the past three years. ASIC took action to stem and remediate harms caused by OnePath’s poor telephone sales practices. Extensive consumer harm resulted from egregious sales practices including: pressure selling tactics (such as promoting a deferral of the first premium payment, and using the cooling off period as an inducement to buy the product), failing to provide information about key policy exclusions, and