No new CommInsure Protection products business after 31 March
CommInsure protection products will no longer accept new business from 31 March.
AIA Australia announced the closure of new business for the CommInsure products as part of a streamlining of the combined Retail Advised Life Risk business.
AIA Australia and CommInsure Life came together under a Joint Cooperation Agreement in November, last year.
AIA announced today that a key outcome was that CommInsure Protection products would no longer accept new business from 31 March.
It said that to deliver the best of both product sets, AIA Australia had enhanced its Priority Protection product with an involuntary benefit which was a key CommInsure Protection feature.
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