CommInsure Insurance Product Updates
Oct 15, 2010
- xLife
CommInsure Insurance have recently introduced a number a policy enhancements. These changes mainly focus on definition improvements, an increase in cover reward, increased TPD limits, and income protection insurance enhancements.
Term life insurance
- Funeral expenses advance payment benefit increased to $30,000
- Guaranteed Future Insurability benefit now includes de facto relationships
Total & Permanent Disability Insurance (TPD Insurance)
- TPD maximum benefit increased to $5M
- Top up discount of 15% introduced on top up cover purchased after the plan has been in-force for 12 months, available early 2011
Trauma Insurance
- Cancer definition revised and partial payment for early stage prostate cancer introduced for Trauma Plus
- Top up discount of 15% introduced on top up cover purchased after the plan has been in force for 12months, available early 2011
- Guaranteed Future Insurability benefit now includes de facto relationships.
Income Protection Insurance
- Day One benefit increased from 75% to 100% of Monthly Income
- Pre-disability income treatment of unpaid leave prior to claim revised
- Post-natal depression exclusion removed and pregnancy qualifying period revised
- Domestic Help Benefit introduced
- Rehabilitation Expense benefit increased to 9 times monthly benefit
- Family Support Benefit increased from 50% to 75% for 3 months
- Lump Sum payment option added to specific injuries benefit
- Accommodation Benefit increased to $350 per day
To get the latest news on policy upgrades and updates contact an xLife adviser today!
Related Links: CommInsure Insurance, Life Insurance, Income Protection Â
