TAL Insurance Announces Policy Enhancements 2011

TAL Insurance, previously known as Tower Insurance, has recently announced a raft of policy enhancements for 2011.

The enhancements feature improved definitions for income protection insurance and trauma insurance, as well as a number of technological and process improvements.

The summary below outlines the enhancements made by TAL insurance.

TAL Life Insurance

• Faster Life Insurance Cover buy-back: Exercise Death buy-back sooner – just 12 months from the date of the claim lodgment. Applicable to Total and Permanent Disability insurance and trauma insurance.

TAL Income Protection Insurance

• A combined Total Disability definition: The Total Disability definitions for Income Protection insurance (Premier and Standard) and Business Expense insurance have been combined for greater simplicity. Income Protection Premier claimants will also continue to enjoy the option of working up to 10 hours per week whilst on claim without reducing the benefit payable.
• A more generous Accommodation Benefit: Renamed the ‘Accommodation and Transport Benefit’, this benefit now covers transportation costs. Applicable to Income Protection Premier.
• Agreed value for Total Disability payments: Financial evidence is no longer required during the first three months following the waiting period. Applicable to Business Expense insurance.

TAL Trauma Insurance

• Faster trauma insurance reinstatement: Exercise reinstatement sooner – just 12 months from the date of claim lodgement. Applicable to trauma insurance.
• Improved prostate cancer definition: The definition has been improved to encompass Gleason scores of six and seven. Applicable to Trauma Insurance Standard and Premier.
• Broader cover of Carcinoma in Situ sites: Corpus uteri (the uterus) is now also a covered site. Applicable to Critical Illness Premier.

For more information on the enhancements to TAL’s life insurance policies, contact xLife on 1300 135 205.

Related Links: TAL Insurance, Tower Insurance