Post-budget predictions - Super life insurance premiums expected to jump by 30%
Over the last few days, we’ve read about what the 2018 Federal Budget will mean for all types of Aussies.
Kogan launches life insurance for online shoppers
Savvy online shoppers can add a life insurance policy to their Kogan shopping lists after the popular online retailer extended its reach into the insurance space yesterday.
Could Aussie life insurance customers soon earn a dirt cheap Apple Watch?
That’s exactly what’s happening in the US right now with major insurer, John Hancock offering its life insurance customers the chance to run, lift, swim or cycle their way to a $25 ($32 AUD) Apple Watch.
Under siege: heavily criticised life insurance industry hit by $600 million profit fall
The Australian life insurance industry has received yet more bad news as data released yesterday by the Australian Prudential Regulation Authority revealed profits across the industry decreased by 18.5% for the year to March.
Third of Aussie families unprotected due to high life insurance costs
While over 80% of Australian parents are worried about protecting their families in the event of death or injury, more than a third are opting out of acquiring life insurance because of high prices according to the Real Insurance Family Protection survey.
Life insurance comparison to get easier with new APRA and ASIC project
Australian regulatory bodies APRA and ASIC have begun the pilot phase of a new project which is set to make it simpler for Aussies to compare life insurance companies.
Selfie technology could revamp life insurance industry
Life insurance companies are rethinking the way people apply for policies, and may someday begin using selfies to determine eligibility, reported abcnews.
Coles has quietly stopped selling life insurance
After less than three years Coles has withdrawn from the life insurance market, having pulled its policies off the shelf earlier this year.
ASIC slams banks for life insurance ‘conflict of interest’
The Australian Securities and Investments Commission (ASIC) has criticised banks with in-house financial advisors for favouring their own life insurance products to the detriment of consumers.
ASIC to improve life insurance industry for consumers
Life insurers will work with the government body, ASIC, to improve insurance claim success rates and provide a greater level of transparency for Australian consumers.