Tower

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TAL completes brand enhancement

TAL  formerly know as TOWER insurance, have officially announced the brand transition between their Retail Life and Investment sectors as well as an appointment of a new head of Group Life Product development team. Acquired by Japanese company Dai-Ichi Life Company in June 2011, TAL have made incremental and beneficial changes to ensure the company’s position in the market continues to grow. To mark the occasion of the updates and changes, Life Insurance

Life insurance worries with stronger super

Underinsurance for life protection has fallen in Australia but changes suggested in the area of automatic superannuation consolidation may have a major negative effect. TAL (formerly TOWER Australia) Managing Director Jim Minto said care was needed with the introduction of automatic super consolidation to protect individual life insurance cover. Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t

TOWER responds to FoFA advice concerns

The Future of  Financial Advice (FoFA) reforms were a firm step forward for Australians consumers. This is according to TOWER Australia’s Managing Director Jim Minto. However, Minto cautioned that there were still certain design elements the financial services industry needed to contribute to, to secure the best outcomes for all stakeholders. Minto said, “TOWER Australia has been expressing concern since 2003 that FSR (Financial Services Reform) has partly failed in that it denied access to advice to many Australians. It is pleasing

Vero explains how it handles the floods

Amid all the media and public comments about flood insurance following the devastating floods in Queensland and Victoria, Vero Insurance has explained how it handles insurance in a flood situation. Vero’s Executive General Manager Andrew Mair said, “The floods have been devastating for many of our brokers and we’re looking at a number of ways to helpthem and their clients. Like most insurers, at Vero we’ve had plenty of practice over the past

TOWER and Dai-ichi agree Key Offer Terms

TOWER has announced Dai-ichi had offered to acquire all of the issued shares in TOWER that it does not already own for $4.00 cash per share (the “Offer”). Dai-ichi currently owns 29.0% of TOWER. Please note Quotesonline Insurance News is an information service provided by third parties Insure247 Pty Ltd doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on information

Life insurance on the move with i-technology

Life insurer Tower has launched an application that allows tech-savvy financial advisers to get instant life insurance quotes on the move. The Accelerated iQuote life insurance app can be used by owners of iPhones and iPads, enabling them to give customers quotes right there and then. “As iQuote is fully integrated, once the customer has agreed to proceed with the cover, the quote details are automatically uploaded onto our Accelerated Protection Online platform,

Free TOWER Life Insurance upgrade

Tower has demonstrated its ongoing commitment to improving life insurance products by offering a free upgrade for existing policy holders. The upgrade provides members with 14 improvements to Tower’s Accelerated Protection.  Tower states that “These improvements automatically apply to existing Accelerated Protection policy holders (PDS dated 10 August 2010) and to all policies issued from 28 April 2010. For further details about the improved terms and conditions, contact your financial adviser.)  TAL’s Head of Product and Marketing –

Premium growth for Tower

Insurancenews.com reports that “TAL’s appointment to the AustralianSuper fund from November 1 has proved a boon for the life insurer, with total risk inforce premium up 33% on the previous opening quarter to $946.3 million.” Arrange an Insurance Quote Here Please note Quotesonline Insurance News is an information service provided by third parties Insure 247 Australia doesn’t warrants the accuracy of any information contained there in, readers should make their own enquiry’s before relying on

Japanese Life Insurer gains approval to increase stake in Tower Life Insurance

Japanese life insurer Dai-ichi Mutual Life Insurance Co has recieved APRA and Foreign Investment Review Boards approval to increase its stake in Australian Life Insurer TAL Group although Dai-ichi said it currently had no intention of increasing its stake (Dai-ichi currently holds 28% of Tower)   Life Insurance Quotes Please note Quotesonline Insurance News is an information service provided by third parties Insure 247

Who is the Life Insurance Company of the Year?

    CommInsure has recently received the 2009 Platinum Award and named Life Company of the Year at the Plan For Life/AFA Life Company of the Year Awards. The other finalists competing for the Platinum Award were Asteron and TOWER Australia. Besides the top honours, CommInsure scooped further awards at the event, winning the Service Quality Award, Trauma Insurance Award and Investment Bond of the Year. The 2009 winners

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