insuranceNEWS.com.au - Life Insurance

Lawyers warn of rise in sport concussion claims

Mon, 20 Apr 2026 04:57:15 GMT

Insurers face “evolving implications” as medical understanding of head injuries linked to contact sports improves, Barry Nilsson says...

Customer told to settle overpayment after double dip

Mon, 20 Apr 2026 04:57:06 GMT

An insurer was correct to pause income protection payments once it discovered a policyholder was also receiving compulsory third party benefits, the industry ombudsman has ruled...

Financial services bodies back adviser education overhaul

Mon, 20 Apr 2026 04:56:57 GMT

The federal government’s proposed reform of adviser education requirements has won the backing of the Joint Associations Working Group – a bloc of 11 financial services and advice peak bodies...

Future2 programs ‘making a real difference’

Mon, 20 Apr 2026 04:56:45 GMT

The Future2 Foundation says its annual grant program supported more than 1200 people last year...

Upper house gives final nod to genetic testing law

Mon, 13 Apr 2026 05:04:49 GMT

Life insurers will be banned from using genetic test results for underwriting purposes after the Senate voted to pass legislation implementing the reform...

Industry mental health stance a backwards step, reviewer says

Mon, 13 Apr 2026 04:34:41 GMT

Life insurers’ proposed changes to mental health cover represent “a step back” from the industry’s current commitments, code reviewer Peter Kell says in an interim report...

Crash injuries ‘caused by crime, not epilepsy’

Mon, 13 Apr 2026 04:34:34 GMT

A driver who was jailed after a high-speed car crash has lost a claim dispute that hinged on whether his injuries were caused by an epileptic seizure or criminal activity...

AIA tool ‘overcomes barriers’ to group insurance transfers

Mon, 13 Apr 2026 04:34:23 GMT

AIA has introduced a tool that aims to streamline insurance administration for financial advisers moving clients’ super into a platform account...

TAL backs annual consumer finances index

Mon, 13 Apr 2026 04:34:16 GMT

TAL has partnered with research house McCrindle to study consumers’ financial planning and preparedness...

Court backs $140 million group ‘overcharging’ settlement

Mon, 30 Mar 2026 03:40:35 GMT

The Federal Court has approved a $140 million settlement to a class action alleging overcharging of group insurance premiums...

Zurich revises cover for AFL players amid concussion ‘uncertainty’

Mon, 30 Mar 2026 03:40:27 GMT

Zurich has confirmed changes to its group insurance program for Australian Football League players after media reported it no longer includes head trauma...

AFCA rules out more compensation for widow

Mon, 30 Mar 2026 03:40:18 GMT

TAL and super fund IOOF adequately compensated a widow for delays assessing a terminal illness benefit, the financial services ombudsman has ruled...

Genetic test ban awaits Senate nod

Mon, 30 Mar 2026 03:40:07 GMT

Australia is close to banning the use of genetic test results in life insurance underwriting after proposed laws cleared the House of Representatives last week...

Advisers canvassed on compensation scheme charge

Mon, 30 Mar 2026 03:36:10 GMT

Financial Advice Association Australia has launched a member survey on the impact of Compensation Scheme of Last Resort levies...

FSC names new deputy chair

Mon, 30 Mar 2026 03:35:48 GMT

The Financial Services Council has appointed Challenger CEO Nick Hamilton as deputy chair...

NZ consumer survey finds advice gap

Mon, 30 Mar 2026 03:35:42 GMT

A Financial Markets Authority review of New Zealanders’ access to advice has found “significant opportunity” for improvement...

Treasury consults on adviser education reforms

Mon, 23 Mar 2026 04:00:41 GMT

Federal Treasury has started consulting on its proposed revamp of education requirements for life insurance and other financial advisers...

No going back on cancelled cover, executor told

Mon, 23 Mar 2026 04:00:32 GMT

A life insurance policy cancelled under the Protecting Your Super regime will not be reinstated despite a complaint that the owner did not understand he was losing the cover...

MetLife hails faster underwriting outcomes

Mon, 23 Mar 2026 04:00:20 GMT

MetLife Australia says it has improved turnaround times over the past year after changing its underwriting processes...

Industry raises alarm as Australians turn to bots for advice

Mon, 23 Mar 2026 04:00:00 GMT

Life insurers have made a renewed push for progress on the federal government’s plan for a new class of adviser to offer “simple” advice...