Insurance

TPD a higher hurdle to pass

Tuesday 18th of October 2016

An inquiry by the Australian Securities and Investments Commission (ASIC) has found that some Australian life insurance companies were declining up to 37 per cent of total and permanent disability claims.

Insurance companies said the situation was different in New Zealand.

Graeme Edwards, of AIA, said 96% of his company’s claims had been accepted so far this year, although more TP...

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