Life Insurer AIA moving to new premises

  Life insurer AIA has leased 7000 square metres over three levels in the iconic 509 St Kilda Road in Melbourne. The lease will give naming rights to AIA, the building previous tenants were fellow life insurers MLC. AIA will relocate from their current HQ on Bourke Street in Docklands AIA were CANSTAR Winners – Outstanding Value Insurance Term Life 2013, CANSTAR Winner- Outstanding Value Insurance Trauma Cover, The

Life Insurer TAL enhances Accelerated Protection offering

  Life Insurer TAL has announced enhancements to it’s award-winning Accelerated Protection With an estimated 70% of all life insurance purchased through superannuation, the focus of this upgrade has been about providing greater accessibility and flexibility for customers when insurance is purchased through superannuation. Greg Johnson, TAL Life’s General Manager Marketing and Retail Product said the improvements reflect feedback from both advisers and customers. “When upgrading our products, we look beyond the product itself and at

Life Insurer AIA reports a profit growth

Life Insurer AIA reported a profit growth of 34% with new premium increasing to $1,649 million. AIA recently announced changes to its Priority Protection product suite Under the new enhancements, AIA Australia has introduced TPD eligibility for those working part-time hours, that is, at least 15 hours per week. In line with this, AIA Australia has increased eligibility for IP by reducing the number of part time hours needed to be worked, down

Comminsure New Life Insurance Software Platform Released

Insurance arm of Australian banking giant Commonwealth bank, have launched a new high tech online self service platform for its members. CommInsure’s Wholesale Life Division have developed a new online software designed by Sydney based software company Axe group, to create an online application and underwriting platform. The platform has been specifically designed for the insurance and superannuation market. CommInsure’s two largest industry super funds CareSuper and Hesta have approximately 900,000 members who will be able to enjoy the benefits and convenience

Macquarie Life Active recognised for innovation

Macquarie Life Active has been awarded the 2011 Innovation Excellence Award for Financial Services by CANSTAR CANNEX. A Macquarie Life spokesperson said this life insurer was recognised for turning ‘the life insurance sector upside down’ through its ‘cleverly-thought-out strategy.’ These CANSTAR CANNEX awards recognise and encourage excellence in new products and services which aim to make life easier for life insurance customers. Macquarie Life Active was acknowledged for opening up life insurance to many more people

AXA updates insurance products

Insurer AXA Australia has updated it’s already award winning insurance product AXA Elevate, to address longevity by focusing on income protection and trauma plans. AXA Head of Individual Life Insurance Stephen Rosengren said upgrades to income protection; life, trauma and TPD products mean AXA can offer clients an even more comprehensive and competitive insurance solution. Rosengren said, “As we have seen with the development of our North products, the need to address

Asteron on a winning streak

Asteron is celebrating being named CoreData 2010 Life Company of the Year for the second year in a row. This prestigious award was based on a survey of more than 840 advisers, financial planners and risk/insurance specialists. It studied advisers’ overall satisfaction levels with their main and secondary life risk provider based on 11 core areas of service delivery. The CoreData study looked at risk/insurance providers who offered products such as

More insurance options from CommInsure

In response to feedback from advisers and research, CommInsure has launched a range of exciting new insurance product features and services. Enhancements include: 1) Increase total and permanent disablement (TPD) limits to $5 million – CommInsure now offers up to $5 million in TPD benefits. Combined with the permanent disablement option in CommInsure’s income protection products, clients could receive up to a maximum benefit payout of $8 million (generally tax free outside of super) if they suffer any of the 19

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