Insurance News

Most businesses insure their offices, computers, cars, etc, but usually fail to recognise their most important asset - the key people. Thus key person insurance is the most neglected business insurance option in Australia.

Personal insurance became a main type of insurance held by typical Australian families in nowadays. Below you will find the most popular personal insurance offered in Australia.

Research has shown that only 22% of Australians believe that they have adequate life insurance.

People who are self-employed in particular, may be putting themselves at financial risk by not having Income Protection Insurance. If you are the business and you are unable to work, what income is available to you?

There are a number of insurance companies that now offer Life Insurance and Children's Trauma Insurance Cover.

Children's trauma insurance or child cover provides you with a lump sum payment should your child suffer one of a list of specified medical conditions or procedures.

Life insurance companies are obliged to provide clear and concise information about their terms and conditions contained in their life insurance policies, and provide you with a product disclosure statement before a client enters into a contract.

Income Protection Insurance provides a monthly benefit to the person insured in the event that they are unable to work due to sickness, injury or accident.

Income protection insurance can provide you with an income if you are unable to work due to sickness or accident. Many policies will cover up to 75% of your salary.

Income protection policies are very flexible and can be tailored to suit your individual and family circumstances.

Critical Illness Insurance is also known as trauma insurance, and will pay a lump sum if the insured is diagnosed with a medical condition.

Unlike other forms of personal risk insurance, Income Protection Insurance premiums are tax deductible for most taxpayers.

The after tax cost of the cover can therefore be significantly less than the cost of the premium.