LIFE INSURANCE

Life/Risk

The conditions attaching to some total and permanent disability insurance products sold inside superannuation made them tantamount to junk, according to consumer group, C...

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Life/Risk

Breast cancer was the most common life insurance cancer claim, double the rate of prostate cancer which was the second most common, according to data....

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Life/Risk

Insurer Clearview has confirmed it will cease the sale of agreed value income protection policies from 31 March....

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Financial planning

The Financial Services Council will treat bushfire victims making claims as vulnerable customers requiring addition support under the FSC Life Insurance Code of Practice....

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Financial planning

Australians who have lost their life insurance policy details in the bushfires can contact the Financial Services Council for help....

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Life/Risk

Legislation surrounding the regulation of claims handling may have insurers and related parties look to fall under a single Australian Financial Services License to ease ...

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Life/Risk

The Australian Securities and Investments Commission’s Federal Court case against major insurer, TAL, will test the circumstances and extent to which life insurers can ga...

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Life/Risk

Major life insurer TAL has been taken to court by the Australian Securities and Investments Commission on charges relating to issues raised during the Royal Commission in...

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Superannuation

The superannuation industry has been urged by the Australian Securities and Investments Commission to focus more on improving life insurance outcomes for its members....

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Life/Risk

Lowers sales through advice channels have helped contribute to life/risk new sales reaching a five year low, according to new data released by Dexx&r....

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Policy & Regulation

Unsolicited cold call sales of direct life insurance and consumer credit insurance are to be banned by the Australian Securities and Investments Commission....

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Life/Risk

The Australian Prudential Regulation Authority has intervened in the disability income insurance market imposing capital requirements on insurers....

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Life/Risk

Life insurers are struggling to sustain profitability in the face of challenging markets and tighter regulation with the Life Insurance Framework also playing a part....

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Life/Risk

Over half of financial advisers say additional caps or the end of life insurance commissions are their greatest concerns, according to a report....

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Life/Risk

Fewer financial planners consider client-related challenges to be significant when it comes to growing insurance advice, according to a report....

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