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Zurich’s move to support COVID-19 vaccinations Zurich is giving COVID-19 vaccination protection for life insurance customers at no extra cost Zurich is giving COVID-19 vaccination protection at no extra cost to everyone insured under an eligible life insurance policy. An additional amount will be paid to customers who can claim under their insurance because of … Read more
Income Protection Contract Term Extension Income Protection Contract Term – APRA Gives Insurers One Year Extension The corporate regulator (APRA) has given life insurers another year to find a workable solution around applying maximum five-year terms for income protection insurance contracts. The change expected to come into effect from 1 October 2021 has now been … Read more
Upcoming Changes To Individual Income Protection Policies The Australian Prudential Regulation Authority (APRA) has continued its intervention into the Life Insurance industry due to heavy losses incurred from Income Protection policies. Life insurers have lost a combined $3.4 billion over the past 5 years through the sale of Income Protection products to individuals. One major … Read more
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