Our products include Death benefits, Terminal Illness Benefits, Total and Permanent Disability benefits and Group Salary Continuance Benefits.
We offer group insurance for groups with 20 or more members. We also require a minimum annual premium of $25,000, excluding stamp duty.
We have a broad risk appetite, which enables us to find the right solutions for many types of risk. We will consider most industries and occupation classes and provide options for even the most hard to place risks. If you have a specific group that you would like to discuss, please contact our Group Distribution team.
We understand that every group of people is different and need different options when thinking about insurance. This may mean multiple categories of employees with varying benefit designs. We will work with you to find the right solution for your insurance needs.
We offer a range of waiting periods on our Group Salary Continuance insurance, to ensure that your clients have the most effective risk management strategy in place. The standard waiting periods we offer are 30, 60 or 90 days.
We offer a range of benefit periods on our Group Salary Continuance insurance, to ensure that your members are covered appropriately. The standard waiting periods are 2 and 5 years, or to age 60 or 65. We are happy to tailor an insurance arrangement with the most effective design to meet your needs.
We offer a choice of two TPD definitions, standard or own occupation. Standard means it’s unlikely the insured person will ever be able to return to work for which they are reasonably suited by education, training or experience, and Own Occupation means it’s unlikely the insured person will ever be able to return to work in their own occupation.
When it comes to group salary continuance, we have taken a different approach to the way we offer cover. We will offer additional cover above the standard AALs offered by most insurers, up to the lesser of 75% of the insured person’s insured income and $20,000 per month, without any upfront financial or medical underwriting. This cover above the AAL is then subject to a Pre-Existing Condition (PEC) exclusion.