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      Insurance News

      HESTA Announces Significant Insurance Fee Reductions and Enhanced Member Protections
      HESTA Announces Significant Insurance Fee Reductions and Enhanced Member Protections
      26 May 2026: Paige Estritori
      HESTA, a prominent Australian superannuation fund, has unveiled a series of changes aimed at providing more accessible and affordable insurance coverage for its members. Effective from 1 July 2026, these adjustments include an average 12% reduction in insurance fees across all cover types, encompassing death, total and permanent disablement (TPD), and income protection cover. - read more
      Acenda Life Introduces Significant Updates to Income Protection Policies
      Acenda Life Introduces Significant Updates to Income Protection Policies
      26 May 2026: Paige Estritori
      Acenda Life has recently implemented a series of updates to its Retail Life Insurance portfolio, effective from 11 April 2026. These changes are designed to provide greater flexibility and accessibility for Australians seeking income protection insurance, addressing common concerns about policy limitations and entry age restrictions. - read more
      AFCA Backs Insurer in Income Protection Offset Case
      AFCA Backs Insurer in Income Protection Offset Case
      26 May 2026: Paige Estritori
      The Australian Financial Complaints Authority (AFCA) has recently ruled in favour of Nippon Life Insurance in a dispute concerning income protection (IP) offsets, confirming an overpayment of nearly $18,000 and supporting the insurer's decision to suspend benefits during the reconciliation of compulsory third party (CTP) income. - read more
      Australian Tattooists Struggle with Soaring Insurance Premiums
      Australian Tattooists Struggle with Soaring Insurance Premiums
      26 May 2026: Paige Estritori
      The Australian tattoo industry is currently grappling with prohibitively high insurance premiums, a situation largely attributed to a lack of competition within the insurance market. The Australian Tattooists Guild has highlighted that the dominance of a single broker and underwriter has resulted in a near-monopoly, leaving tattoo businesses with few alternatives for affordable coverage. - read more

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