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A common question we are receiving is ‘are we covered if we suffer a side-effect from the Covid-19 vaccine?’ Seven of Australia’s largest life insurers are joining forces in support of Australia’s Covid-19 vaccine program. The insurers involved are: AIA Australia ClearView MetLife MLC Life Insurance Resolution Life (acquired AMP Life in July 2020) TAL … Read more
No More Agreed Value Income Protection Policies In April 2020, we saw a major change hit the Life Insurance Industry. The Australian Prudential Regulation Authority (APRA) decided to intervene after $3.4 billion plus of losses imposed by insurers from Income Protection products over the proceeding 5 years. APRA’s concerns were over the sustainability of Income … Read more
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