Insurance News

More and more Australians understand importance of life insurance in their life. Life Insurance Market in Australia maintains solid and relatively stable upward growth experiencing a further 10.8% increase in annual inflows.

In a bid to be more competitive AXA Australia recently upgraded it's personal insurance products and it has been income protection insurance products that have seen most significant changes.

Daffodil Day is on Friday, 27 August 2010. With this in mind, there is no better time to remember about the importance of critical illness insurance and income protection.

When it comes to taking out life insurance and income protection, Australians are slowly catching up with the rest of the developing world.

Unlike other insurance companies that will offer income protection for footballers with exclusion or a loading, AMP Australia has finally realised the need to offer Income Protection Insurance to amateur footballers without the above clauses.

Should one of your business partners pass away would the remaining partners be able to write out a cheque for their share of equity?

That is why it is advisable for any business that has two or more owners to have business partner insurance.

Tax benefits can be a tricky area which can vary depending on the individual requirements it is therefore best to consult a tax professional. However when buying insurance tax benefits usually considered for 3 situations. 

One of the biggest obstacles for Australians taking life insurance is fear of claims not being paid. In 2009, ING Australia paid over $204 million in life insurance claims to over 2,800 customers.

Based on information from the Australian Institute of Health & Welfare 1 in 3 men and 1 in 4 women will be diagnosed with a malignant cancer before the age of 75.

Currently there is a mortality rate experienced by the population such as injuries, a serious illness or people dying unexpectedly.

Inadequate disclosure of insurance premiums within the superannuation sector has made it close to impossible for consumers to compare premiums.