AIA Australia calls for health reforms to improve mental health outcomes

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AIA Australia and New Zealand chief executive Damien Mu yesterday committed the leading life insurer to supporting a sweeping overhaul of Federal legislation to allow life insurers to fund early intervention and treatment for mental health conditions. Speaking at the Inspiring Leaders’ Summit in Sydney today,  Mu said: “The current legislative barriers that restrict life insurers from funding medical treatments for mental health condition represent a breakdown of Australia’s […]

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Tradies first to benefit from ANZ’s predictive underwriting

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ANZ has built a predictive underwriting capability to make the insurance underwriting process faster, accurate and easier for tradespeople. Based on a successful pilot program in Victoria, licensed tradespeople such as plumbers, carpenters, electricians and builders aged between 20 and 40 years of age can now access an underwriting program that uses big data and […]

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TAL partners with Remedy Healthcare to provide added support option for customers on claim with depression or anxiety

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TAL, Australia’s leading life insurance specialist, has announced a new partnership with Remedy Healthcare, a leader in innovative healthcare. The partnership will see TAL introduce Remedy Healthcare’s ‘MindStep’ program to its broader health support services, enabling TAL to offer optional, free-of-charge life coaching services to customers on income protection claims associated with depression or anxiety. […]

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Many Australians deem their house more important than their health

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Many Australians place greater emphasis on home insurance than health or life insurance, according to a comprehensive report on the insurance market by life insurer AIA Australia. This insight comes from AIA Australia’s latest tracking study (conducted by the independent research firm Nature, in December 2017) of a representative sample of 1,000 Australians aged over 18. […]

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Do you have life insurance but no income protection insurance? You’re crazy

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No one likes to pay for insurance, let alone personal insurance. Who wants to think about the consequences if they die, become injured or fall ill and cannot work? Here are some interesting statistics by Rice Warner about the amount of personal insurance cover Australian’s have: 94% of Australians have some level of life cover […]

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Over-prescriptive education could kill life insurance advice

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The Government’s approach to adviser education has the potential to kill life insurance advice, according to Synchron Director, Don Trapnell. “A mass retirement date for life insurance advisers is looming and that date is 31 December 2023,” Mr Trapnell said. “Recent indications are that up to 75 per cent of advisers plan to exit the […]

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AMP says it pays to get a healthy start

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AMP is rewarding people who live a healthy lifestyle with a discount on life insurance premiums. Eligible customers can receive a 10 per cent discount for the first five years on new AMP Elevate Life and Total and Permanent Disability stepped premium policies. This discount can be combined with other offers, including a five per […]

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Five things you wouldn’t expect from a life insurer

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AMP wants to give insurance customers the gift of work this New Year and will use horses, robots and feather dusters to make it happen. Medical evidence shows work is important to recovery from illness or injury. According to the Federal Government’s Comcare (2015), if a person is off work for 20 days the chance […]

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CPD: Trauma and your practice

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Unfortunately, a large number of Australian’s experience traumatic personal injury or illness every day. Many receive lump sum insurance or compensation payments, but are not always able to access financial advice appropriate for, and tailored to, their circumstances. In this article, Zurich explores the incidence of traumatic injury and its far-reaching impact on individuals and […]

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Insurance inside super: Awareness high, but work to do

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Research from MetLife Australia has debunked the perception that people don’t know about insurance inside super, revealing that awareness of this default protection is high, with most working Australians knowing that it exists. However while general awareness of insurance inside super is high, the research also revealed a significant lack of knowledge with many people […]

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