Life insurance premiums set to rise
Life Insurer TAL CEO Jim Minto has told theaustralian.com.au that life insurance policy premiums are set to rise by at least 25% next year, as insurers struggle to come to terms with a surge in disability-related claims.
TAL sell directly through their InsuranceLine brand and through a financial adviser
TAL is owned by the Dai-ichi Life Insurance Company, Limited – one of the world’s largest life insurers. They are the 2nd largest insurer in Australia and Australia’s largest specialist life insurer. They have $1.7 billion of inforce premiums (as at 30 June 2013). They protect over 2.3 million Australians, either directly, through a financial adviser or as ‘insurer of choice’ for some of Australia’s largest employers, super funds and master trusts. They have over 1400 employees across Australia.
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