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TAL, iSelect agree on partnership to boost life business

TAL and comparator iSelect have joined forces to strengthen their life insurance offerings, the two companies have confirmed.

iSelect says the partnership with TAL-owned Lifebroker, a life insurance comparator, is part of the “remodelling” plans it has for the business.

“iSelect is remodelling the way we run our life business through a partnership it is developing with Lifebroker to provide fulfilment services,” a spokesman told insuranceNEWS.com.au.

“In partnership with Lifebroker, iSelect plans to continue to offer customers comparison and end-to-end sales across a range of life insurance products from a number of Australia’s leading life insurance providers.”

The comparator says a number of roles may be affected as a result of the changes, but has declined to provide an estimate. A report in the Australian Financial Review says some employees may be transferred over to Lifebroker.

TAL says its comparator arm will provide the back-end fulfillment capability, while iSelect will continue to offer comparison services.

“We believe choice and accessibility of life insurance is important for the Australian community, particularly during these uncertain times,” a spokesman told insuranceNEWS.com.au.