ING Product Updates

Aug 5, 2010 - xLife

Here are a few of the key improvements that ING Insurance have made that may benefit you.

Future insurability

You can now increase your coverage at every third policy anniversary
This increase includes those with up to 50% medical loadings on their policies

You can increase your coverage without any additional medical questioning. We all know that we are more prone to health issues the older we get, so this option offers greater protection.

Trauma insurance

the 90 day qualifying period begins when application is received, not when it completes
ING now allows or can offer a cancer exclusion on their trauma insurance policy which will give you a 20% discount off your premiums

The change on the start of the qualifying period means that it is now possible to be eligible for benefits which require a 90 day period much faster.

The cancer exclusion discount is great news for those who have suffered from cancer but still value the rest of their trauma insurance policy. The discount applies when all cancer definitions are excluded from the trauma insurance policy.

Miners

Thanks to ING, those working in the mining, oil and gas industries now have alternative options when taking out income protection insurance. This is great news for Aussie miners as personal insurance has previously been difficult to obtain.

ING has stated that income protection insurance coverage is now available for:

54 mining occupations
10 occupations under INGâ€™s Special Risk contract

Some of the Mining, Oil & Gas Occupations now eligible for income protection insurance with ING include the following:

Mining industry - Auto electrician
Mining industry - Bogger operator
Mining/Oil & Gas industry - Boilermaker/welder
Mining/Oil & Gas industry - Chemical engineer (office only)
Mining/Oil & Gas industry - Chemical engineerÂ - other (non hazardous materials)
Mining/Oil & Gas industry - Chemical engineerÂ - (hazardous materials)
Oil & Gas industry - Derrickmen
Oil & Gas industry - Crane operator
Mining/Oil & Gas industry - Engineer - office only (degree qualified)
Mining/Oil & Gas industry - Engineer - site visits (degree qualified)
Mining/Oil & Gas industry - Diesel mechanic
Mining/Oil & Gas industry - Draftsperson (degree qualified)
Mining/Oil & Gas industry - Draftsperson (other)
Mining industry - Dragline operator
Oil & Gas industry - Driller operator
Oil & Gas industry - Tool pusher
Mining industry - Dump Truck Operator
Mining/Oil & Gas industry - Electrician
Mining/Oil & Gas industry - Electronic technician
Mining industry - Excavator operator
Mining/Oil & Gas industry - Exploration manager - office only (degree qualified)
Mining/Oil & Gas industry - Field assistant - geological
Mining industry - Jumbo operator
Mining industry - Pit technician
Mining/Oil & Gas industry - Geologist (office only)
Mining/Oil & Gas industry - Geologist (fieldwork)
Mining/Oil & Gas industry - Plant operator
Mining/Oil & Gas industry - Industrial chemist (non hazardous materials)
Mining/Oil & Gas industry - Industrial chemistÂ (hazardous materials)
Mining/Oil & Gas industry - Instrument technician
Mining/Oil & Gas industry - Laboratory technician
Mining/Oil & Gas industry - Labourer
Mining industry - Longwall co-ordinator (office only)
Mining industry - Longwall co-ordinator (fieldwork)
Mining/Oil & Gas industry - Maintenance Planner (office only)
Mining/Oil & Gas industry - Maintenance supervisor (no manual work)
Mining/Oil & Gas industry - Maintenance superintendent (no manual)
Mining/Oil & Gas industry - Mechanical fitter
Mining industry - MetallurgistÂ - degree qualified (office only)
Mining industry - Metallurgist (fieldwork)
Mining industry - Mill operator
Mining industry - Mill superintendant
Mining industry - Mine deputy (degree qualified)
Mining industry - Mine deputy (other)
Mining industry - Mine manager (degree qualified)
Oil & Gas industry - Pipeline - machine operator
Oil & Gas industry - Pipeline supervisor
Mining/Oil & Gas industry - Surveyor (office only)
Mining/Oil & Gas industry - Surveyor (fieldwork)
Mining industry - Carpenter
Mining industry - Plumber
Oil & Gas industry - Welder - qualified (not pipeline)
Oil & Gas industry - Welder - pipeline, or not qualified
Mining/Oil & Gas industry - Mobile Plant - Supervisor (no manual )
Mining/Oil & Gas industry - O.H.& S. Manager (office only and degree qualified)
Mining/Oil & Gas industry - O.H. & S. Manager (office only, not degree qualified)
Mining/Oil & Gas industry - OH&S Manager/Officer (fieldwork)
Mining/Oil & Gas industry - Clerical
Mining industry - Quarry manager (office only and degree qualified)
Mining industry -Â Quarry manager (office only and not degree qualified)
Mining industry - Quarry worker, no explosives
Mining/Oil & Gas industry - Rescue /recovery team workers
Mining/Oil & Gas industry - Shift supervisor
Mining industry - Train driver
Mining/Oil & Gas industry - Truck driver
Mining industry - Assayer
Oil & Gas industry - chef or kitchen worker

To get the latest news on policy upgrades and updates contact an xLife adviser on 1300135205.