Life insurance specialist, AIA Australia has partnered with Australian Group Insurances (AGI) to launch a new insurance solution specifically tailored to address the insurance gap in the Self Managed Super Fund (SMSF) sector.
The SMSF sector is the largest and fastest growing superannuation sector in Australia.* This tailored solution has been developed to specifically meet the needs of this growing sector.
The plan also provides; immediate decisions – for cover up to $500,000 death and TPD; the ability to transfer existing cover; an online application that can be completed in under five minutes, and can also cater for SMSFs that utilise platforms as an administrative tool.
The new product marks AIA Australia’s first targeted offering to the SMSF sector which now represents one third of Australia’s $1.3 trillion superannuation pool.* Damien Mu, Chief Distribution and Marketing Officer at AIA Australia said the SMSF Master Insurance Plan was specifically designed to provide SMSF members access to comprehensive insurance at competitive rates
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