In October last year ASIC called on life insurers to address what it termed a “problem with the design” of total and permanent disability
(TPD) insurance.
That problem was the activities of daily living (ADLs) definition. When claims were assessed under this narrow definition, 60% were declined.
The re...
After much advocacy by ClaimRight and others, AIA and Asgard have updated their definitions to be more inclusive. The definition below is a positive leap forward, but we still need to see a broading expansion in line with the WHO definitions.
This is published by Asgard/ AIA
According to Yahoo! Finance, eligible participants should have already received a letter from Services Australia in November 2021.
"Only those who had a debt raised using the income-average scheme and who had made payments towards the debt, and those who had overpaid such a debt, will be e...
When processing an insurance claim within your superannuation fund, people often question whether or not they need a lawyer to process it for them.
Want to know the answer to the most common question we get asked?
The short answer: Usually, no.
