Income Protection News
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.
AIA Australia has announced an increase to their Income Protection, Disability Income and Business Expenses premiums in 2013.
TAL, 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
MLC Insurance and ING Insurance have both increased their maximum income protection 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.