Suncorp denies problems but initiates 'comprehensive insuran

Suncorp denies problems but initiates 'comprehensive insurance review'


Suncorp said it had raised the ASIC data with Asteron Life and had been “given comfort the statistics presented were not indicative of the experience of members of the Suncorp Master Trust (SMT)”.
What is more it said it did not believe the current TPD definition for SMT members has been a major concern to membership” with insurance-driven complaint volumes driven by the impacts of Protecting Your Super and Putting Members Interest First changes.
“Members are routinely referred to the disclosure material in fund welcome packs, insurance commencement letters, annual statements, and insurance-change communications. The SMT insurance policies and product disclosure materials include eligibility terms which outline members must be gainfully employed for a minimum of 15 hours or more each week in order to claim against the “occupational” TPD definition,” it said.

Related Keywords

Australia , Australian , Andrew Leigh , Suncorp Master Trust , House Of Representatives Standing Committee On Economics , Australian Prudential Regulation Authority , Investments Commission , Parliamentary Committee , Representatives Standing Committee , Australian Securities , Asteron Life , Protecting Your Super , Putting Members Interest First , ஆஸ்திரேலியா , ஆஸ்திரேலிய , ஆண்ட்ரூ லே , சன்கார்ப் குரு நம்பிக்கை , வீடு ஆஃப் பிரதிநிதிகள் நின்று குழு ஆன் பொருளாதாரம் , ஆஸ்திரேலிய விவேகமான ஒழுங்குமுறை அதிகாரம் , முதலீடுகள் தரகு , பாராளுமன்றம் குழு , பிரதிநிதிகள் நின்று குழு , ஆஸ்திரேலிய பத்திரங்கள் , ப்ரொடெக்டிஂக் உங்கள் அருமை , போடுவது உறுப்பினர்கள் ஆர்வம் முதல் ,

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