A report commissioned by the Financial Services Council (FSC) earlier this year found the level of disability underinsurance (income protection and TPD) in Australia had reached over $300 billion per year, with 35% of Australians not even having any cover at all.
We have put together a blog of the most common questions we get on income protection. Click on the question that is most relevant to you.
The price of Green Slips in NSW is set to fall by as much as 15% after the state government announced proposed changes to the compulsory insurance policy.
Insurance giant AIA Australia has announced an increase to their premiums for 2013. The 7% increase will only affect Income Protection, Disability Income and Business Expenses policies.
TAL Insurance, previously known as Tower Insurance Australia, has recently launched a new product which increases income protection insurance benefit payments by nearly 95% for critical illnesses.
When looking into life insurance and TPD, there are two huge misconceptions that exist in regards to TPD insurance that many Australians still believe. It is important to clarify these misconceptions so that you can make an informed decision when buying personal insurance.
MLC Insurance and ING Insurance have both increased their maximum income protection insurance cover limits to $60,000 per month. Initially launched by MLC with effect from 3 May 2010, the insurer says its higher cover limit recognises there is a growing need for more flexible income protection solutions.