AIA wins RAC mandate
AIA Australia has this week confirmed a four-year deal with Western Australia’s Royal Automobile Club (RAC) to provide life insurance cover to its 800,000 members and has developed two specific new products.
The company announced that, as part of the agreement, RAC Life Protect and RAC Accident Protect, had been developed to provide life insurance protection with up to 10 per cent bonus cover at no extra cost for RAC members.
The announcement said the arrangement had followed on from recent deals struck with Bendigo Bank and last year’s bancassurance agreement with Citibank.
Commenting on the arrangement, RAC General Manager James Forbes said the organisation believed that life and personal insurances were an important step in supporting the financial health of RAC’s members
Recommended for you
A relevant provider has received a written direction from the Financial Services and Credit Panel after a superannuation rollover resulted in tax bill of over $200,000 for a client.
Estimates for the calendar year 2024 put the advice industry on track for a loss in adviser numbers as exits offset gains from new entrants.
Adviser Ratings shares five ways that financial advice changed in 2024 with an optimistic outlook for 2025, thanks to the Delivering Better Financial Outcomes legislation.
National advice firm Invest Blue has announced several acquisitions, including the purchase of an estate planning and wealth protection business Lambert Group.
