POWERED BY MOMENTUM MEDIA
MLC introduces new features to insurance offerings
MLC has improved its MLC Insurance (Super) and MLC Insurance products with a number of developments that the company says deliver on its promise to provide regular, ongoing upgrades to customers.
New and existing MLC customers can take advantage of tax efficiencies through MLC's income protection platinum inside super, as well as utilise new options that provide increased protection in the event of a TPD claim.
MLC also now offers type 1 diabetes cover and a new benefit period for customers up to age 70.
"When we launched MLC Insurance in October 2011 we promised regular upgrades and faster turnaround times, and we are delivering on both of these promises," said MLC's executive general manager Duncan West.
Recent updates to MLC's Riskfirst and Illustrator technology are designed to cut down on turnaround times for new MLC Insurance business and have resulted in a 70 per cent reduction, West said.
AUTHOR
Recommended for you
The insurance company has joined this year’s awards as a principal partner.
The $135 billion fund has transitioned away from TAL Life Insurance following an “extensive tender process”.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
