CommInsure Policy Enhancements 2011
CommInsure has announced a number of policy and service enhancements outlined in their new Product Disclosure Statement launched on 20 November 2011.
One of the key policy enhancements includes the introduction of 33 new insurable mining occupations, increasing CommInsure’s mining-specific occupations to more than 40.
CommInsure have also stated that their focus on service improvement has delivered results with 40% of their income protection insurance claims being processed in 48 hours.
Below is a summary of the enhancements made to CommInsure’s insurance policies.
CommInsure Life Insurance
- Higher sums insured for Child Cover, up to $250,000
- More adaptable cover to help when circumstances change with Guaranteed Insurability Option
- More occupations covered within the mining industry
CommInsure Income Protection Insurance
- Extended list of specific injuries for Income Care Plus
- Lower minimum threshold for part-time workers at 20 hours
- More occupations covered within the mining industry
- An extra 33% more for serious medical conditions under the Total Disability Benefit
CommInsure TPD Insurance
- Own occupation TPD Cover Definition Enhancement
- Lower minimum thresholds for part-time workers who would like own occupation definition cover
- Greater flexibility for blue collar workers, with new ‘own occupation’ option on TPD
- New partial TPD benefit
CommInsure Trauma Insurance
- Higher sums insured for Child Cover, up to $250,000
- More adaptable cover to help when circumstances change with Guaranteed Insurability Option
- Enhanced definitions for loss of hearing and partial loss of hearing
- New cancer benefits for Trauma Cover:
- Testicular cancer
- Early stage breast cancer
- New partial cancer benefits for Trauma Plus:
- Early stage ovarian cancer
- Early stage cancer of the fallopian tubes
- Early stage penile cancer
- New pneumonectomy benefit
- Small bowel benefit added to transplant benefits
For more information on CommInsure Life Insurance or these policy enhancement please call an xLife adviser on 1300 135 205.
Source: CommInsure 2011
Related Links: CommInsure Insurance
