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Life Insurance Articles
Insurance News
Life Insurers Under Scrutiny for Rising Delays in Claim Payments
14 Jun 2026: Paige Estritori
Recent findings from the Life Insurance Code Compliance Committee (Life CCC) have revealed a concerning 67% increase in violations related to delayed income protection and Total and Permanent Disability (TPD) claim payments by Australian life insurers. This surge in breaches has left many policyholders facing financial uncertainty during already challenging times. - read more
Addressing Australia's Life Insurance Underinsurance Crisis: Calls for Regulatory Change
14 Jun 2026: Paige Estritori
Australia's life insurance industry is currently grappling with a significant underinsurance gap, described by industry leaders as a 'perfect storm' of challenges. This situation arises from a combination of social, economic, and regulatory factors that have led to decreased engagement with life insurance products, particularly among younger Australians. - read more
Australian Government Unveils $27 Million Drought Resilience Fund
14 Jun 2026: Paige Estritori
In response to ongoing drought conditions affecting various regions, the Australian government has introduced a $27 million funding package designed to enhance the resilience of farmers and rural communities against future droughts and extreme weather events. This initiative underscores the government's commitment to supporting the agricultural sector in mitigating the impacts of climate variability. - read more
InsurABLE's New Model Aims to Revolutionize Drought Insurance for Farmers
14 Jun 2026: Paige Estritori
InsurABLE, a company specializing in agricultural insurance solutions, has unveiled a groundbreaking model designed to offer Australian farmers financial protection against the adverse effects of drought. This initiative comes at a time when climate variability poses significant challenges to the agricultural sector. - read moreStart Here !
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Knowledgebase
Deductible:
The amount you must pay out-of-pocket for expenses before your insurance company covers the remaining costs.
The amount you must pay out-of-pocket for expenses before your insurance company covers the remaining costs.