Fire, natural catastrophes and faulty workmanship top causes of insurance claims for business

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A fire at a busy warehouse leaves a company struggling to replace its buffer stock; a ransomware attack paralyzes a company’s IT systems; the use of industrial adhesives in manufacturing... Read more continue reading

YFYS Review an opportunity to improve protection for women

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MLC Life Insurance welcomes the Government’s announcement of a Treasury review into the operation of the Your Future, Your Super (YFYS) Laws. We strongly encourage Treasury to look at the... Read more continue reading

MLC Life Insurance announces retail insurance product enhancements

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MLC Life Insurance has announced a series of enhancements to its Income Assure and Income Assure+ product range, following feedback from advisers. Considering cost-of-living pressures, customers will now have the option to ‘inflation-proof’ their... Read more continue reading

Australia’s life insurance industry announces formation of new dedicated peak body, the Council of Australian Life Insurers (CALI)

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Australia’s life insurers have announced the formation of a dedicated life insurance industry peak body, to launch later this year. The Council of Australian Life Insurers (CALI) will be the... Read more continue reading

MLC Life Insurance launches Vivo Incentive to reward healthier lives

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MLC Life Insurance is offering a discount on lump sum covers for new retail customers who have a Body Mass Index (BMI) within a specified range. Called Vivo Incentive, eligible... Read more continue reading

Advice Review to determine fate of up to 87% of financial advisers

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Further changes to life insurance commission caps could see up to 87% of financial advisers stop providing standalone risk insurance advice, decimating the life insurance industry and exacerbating the nation’s... Read more continue reading

Getting smarter about TPD – strategies to cut costs and avoid a claim time tax bomb

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TPD: truth, tips, and tax Total and Permanent Disablement TPD cover is one of the most misunderstood types of life insurance cover, decried by many as being complicated, too costly,... Read more continue reading

MLC Life Insurance partners with Insignia Financial to launch digital claims service

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MLC Life Insurance is partnering with Insignia Financial to launch a new claims experience, providing members with greater choice in how they lodge and track their claim, enabling submissions to... Read more continue reading

New research reveals members’ life insurance cover is at risk from regulatory reforms

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Less than six months since the Australian Parliament implemented stapling reforms, new research[1] from MLC Life Insurance reveals a massive 60% of superannuation fund members have never heard of them, potentially leaving... Read more continue reading

MLC Life Insurance partners with TelstraSuper to pilot cancer screening awareness program

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MLC Life Insurance and TelstraSuper are joining forces to pilot a new awareness program prompting members to check their eligibility for early cancer screening tests. Since the beginning of the... Read more continue reading