TAL upgrades corporate insurance

21 July 2011
| By Ashleigh McIntyre |
image
image
expand image

TAL has updated its group life and group salary continuance (GSC) offerings for the standalone corporate market.

The upgrades include removing restrictions on location to allow for worldwide cover without prior approval, as well as the capability of individuals to apply for insurance online.

Head of TAL’s corporate stand-alone business, Adam Fusca, said the “refreshed” product provides leading product terms alone with enhanced clarity around benefits. “We removed a lot of the previous administration burdens around pre-notifications and pre-approvals to TAL,” Fusca said.

“We also acknowledge the increase in ‘global’ employees so we increased the flexibility of the product by removing the restrictions on location and time spent overseas to make it easy for our customers to cover all their employees,” he added.

Other features include the availability of death, total and permanent disability (TPD) and GSC cover to permanent employees regardless of the number of hours worked each week, as well as the waiver of premiums in respect of underwriting loadings.

TPD continuation has also been included as a standard benefit, ancillary benefits under GSC have been expanded and members now have the ability to obtain up to $200,000 extra death/TPD cover under Life Events cover.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

10 months 2 weeks ago
Kevin Gorman

Super director remuneration ...

10 months 3 weeks ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

10 months 3 weeks ago

The fund’s inaugural chief retirement officer is looking to establish a new venture. ...

3 hours ago

The sovereign wealth fund remains cautious of the impact of high inflation as it announces a strong return in its latest update....

21 hours 49 minutes ago

In this latest edition, Anna Shelley, CIO at AMP, shares the fund’s approach to current market conditions and where it continues to uncover key opportunities....

22 hours 53 minutes ago