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Annual Life Insurance Claims Pass $9 Billion for First Time

June 6, 2017 The life insurance sector has continued to reach record levels of claims being paid with new data revealing claims payments during 2016 passed the $9 billion mark for the first time. The Risk Store Managing Director, Pete Wincott This level exceeds the $6 billion paid in 2015 and is the 11th consecutive…
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Risk wisdom claims paid statistics

…the daily claim amount paid was more than $26 million and the number of claimants at 108,000 was also a record… The Risk Store’s annual Australian life insurance industry claims paid statistics, highlighted the importance life insurance played in protecting Australian consumers and contributing to society. “Despite the continuing mainstream media scrutiny of the Australian life…
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Income Insurance

"What whould happen if your income stopped suddenly due to an illness or accident" When John took out income protection insurance he didn't imagine it would save his life. Like many people, John thought that income insurance only covered physical illnesses and that the sole focus of his insurance company would be his return to…
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Living Insurance/ Recovery Cover

Medical bills, financial stress have a damaging impact on the  finances   of an  individual or  family in the event of  a critical illness   By Fron Jackson-Webb, Stephen Duckett, Fran Baum and Rob Moodie Posted 14 Sep 2016, 10:19am Australians are living longer than ever but with higher rates of chronic disease, the latest…
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