Life insurer MLC Group insurance has been appointed the life insurer for the Sisters of Mercy Staff Superannuation Scheme (SMSS),
The MLC offering includes substantial increases in benefits for the SMSS members, including higher levels of total and permanent disablement cover for young members, default income protection for new members, an opt in window for existing members to gain income protection without underwriting, and income protection benefits up to the age of 70 years.
MLC’s head of group insurance Andrew Howard said the insurer “was pushing the benefits design to deliver relevant, tailored insurance solutions for clients”.
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