Glen Stevens “RBA is currently happy with the state of Australias economy...”
FAMILIES are paying as much in veterinary bills for sick pets as it would cost them to buy a new car.
Some are plunging into financial stress trying to find the money for surgery and other procedures for their animals that cost as much or more than treatment for humans.
One family was slugged $18,000 [...]
Income Protection Insurance (IPI) is the types of insurance that has the significant intention of facilitating the people who are laid up because of an injuries or illness. The policies that drop within IPI are also referred as Long lasting Wellness Insurance policies. The Income Protection quote was at first launched in Ireland and United [...]
Julia Gillard
DISABILITY groups are “relieved and excited” the government plans to fund the National Disability Insurance Scheme in the budget, a process they say could cost more than $3 billion over the next four years.
This money would cover the $550 million cost of setting up the National Disability Insurance Agency [...]
Australian life insurers are offering competitive premium rates compared to the rest of the world, and premiums are often cheaper through advisers, according to a study released by Clearview Wealth last week.
The study is based on research conducted by RGA Reinsurance Company of Australia and compares life cover premiums based on a particular scenario across [...]
The lack of data on the “churning” of life insurance business raises questions about legislating against the practice, a life insurance dealer group director says. Synchron director Don Trapnell says the group approached four major life insurance companies to obtain statistics on churning, but none was able to furnish any meaningful [...]
Superannuation funds will have to look at tailoring their life insurance offering rather than using a “one size fits all” approach, according to Rice Warner director Richard Weatherhead.
“Insurance needs vary depending on income, social security benefits, family status and the type of cover being offered by the fund,” he told a [...]
MORE than 10 million Australians are now covered by private hospital insurance, the highest rate in a decade.
The new figures have prompted Health Minister Nicola Roxon to push ahead with her plan to means-test the private health insurance rebate.
The quarterly figures, released today by the Private Health Insurance Administration Council, showed 45.3 per cent of [...]
Australian insurer AAMI is closing all 24 of its branches within the next two months due to tight budgets and more customers doing business online.
The insurer says 102 staff will be affected by the decision but it hopes to move up to half of them to call centres.
AAMI is owned by Suncorp, which recently saw [...]
Lifebroker, an insurance broker, has brought out a new an online comparison system – iQuote, which allows mortgage brokers to offer insurance products to their finance customers. The application will offer comparison data for life insurance products and income protection insurance.
Mortgage brokers will be able to connect a piece of software to their websites in [...]
RBA: 50 basis point cut
Non banks can regain market share over the coming year
Guide Dogs Australia enters the insurance market,
Income protection and its Benefits
RBA left rates on hold
Government plans to fund the National Disability Insurance Scheme
Australian life insurers are competitive on life insurance market
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