TAL to waive premiums for drought affected farmers

28 August 2018
| By Hannah |
image
image
expand image

TAL has announced that it will waive insurance premiums for drought affected farmers in New South Wales and Queensland, effective from 1 September, 2018.

When announcing the waiver, TAL Group chief executive and managing director, Brett Clark, acknowledged the “immense strain” the drought was purring on farmers in the two states.

“We understand that in these challenging circumstances, every dollar counts, and we are proud to support farmers in NSW and Queensland who are impacted by the drought.  We encourage our customers to contact TAL or their financial adviser to access the premium relief package,” Clark said.

“This support will ensure that farmers in drought affected areas and their families can maintain the life insurance cover they need and provide some financial relief during this difficult time.”

The waiver would be available for existing TAL customers holding policies directly with TAL or through a financial adviser who qualify for the Federal Government’s Farm Household Allowance and who live in a drought-declared area in NSW or Queensland. Customers on TAL’s Insuranceline and Alliance partner products would also be eligible.

Eligible farmers could apply for the waiver until the end of this November and it would apply for a period of up to six months.

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. ...

1 year 4 months ago
Kevin Gorman

Super director remuneration ...

1 year 4 months 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 ...

1 year 4 months ago

Future Group is set to take on nearly $1 billion in funds under management (FUM) and welcome more than 100,000 new members following two significant successor fund transf...

3 hours 35 minutes ago

The International Monetary Fund (IMF) has issued a sobering assessment of the global economic landscape in its latest World Economic Outlook, dramatically revised after D...

6 hours ago

Growth from the listed company’s key businesses has propelled Generational Development Group to new milestones in the three months to 31 March....

6 hours 14 minutes ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND