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Life policyholder decline attributed to PYS, PMIF

The life insurance sector has stabilised but the long-term claims outlook remains uncertain due to the extent of anti-selective outcomes that have risen from the opt-in changes for superannuation members under 25, according to KPMG. ....

Briallen Cummings , David Kells , Hayne Royal Commission , Protecting Your Super , Putting Members Interest First , Life Insurance ,

Life insurance market stabilises despite Covid: KPMG annual sector review

Australia’s life insurance sector stabilised in the 12 months to 30 June 2021, with overall premium income rising by 2.4 percent to $17.7bn, KPMG’s ....

Briallen Cummings , David Kells , While The Hayne Commission , Group Insurance , Group Salary Continuance , Individual Disability Income , Gross Claims , Gross Premiums , Sector Lead , Protecting Your Super , Putting Members Interest First , Disability Income , Individual Disability Income Insurance , Permanent Disability , Distribution Obligations , Hayne Commission , Life Insurance , Statutory Funds , Risk Products , Non Risk Product , Retail Disability Income , Prescribed Capital Amount , Supervisory Adjustments ,

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. ....

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 , 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 ,