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    Insurance News

    HESTA Announces 12% Reduction in Insurance Fees to Benefit Members
    HESTA Announces 12% Reduction in Insurance Fees to Benefit Members
    18 May 2026: Paige Estritori
    HESTA, a leading Australian superannuation fund, has unveiled a significant reduction in insurance fees, aiming to make coverage more accessible and affordable for its members. Effective from 1 July 2026, the fund will implement an average 12% decrease across all insurance cover types, including death, total and permanent disablement (TPD), and income protection. - read more
    Rising Mental Health Claims Drive Surge in Income Support Demand
    Rising Mental Health Claims Drive Surge in Income Support Demand
    18 May 2026: Paige Estritori
    Recent data reveals a significant increase in the number of Australians accessing income support, with over 8 million individuals receiving assistance in the past year. This surge is largely attributed to a rise in mental health-related claims, highlighting a pressing issue within the workforce. - read more
    AFCA Supports Insurer in Income Protection Offset Dispute
    AFCA Supports Insurer in Income Protection Offset Dispute
    18 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 Cosmetic Prices Surge Amid Middle East Supply Disruptions
    Australian Cosmetic Prices Surge Amid Middle East Supply Disruptions
    18 May 2026: Paige Estritori
    Recent geopolitical tensions in the Middle East have led to significant disruptions in crude oil supply, resulting in increased costs for petroleum-derived raw materials essential to the cosmetic industry. This development is causing a notable rise in the prices of beauty products across Australia. - read more
    Australian Health Insurers Criticised for Aggressive Negotiation Tactics
    Australian Health Insurers Criticised for Aggressive Negotiation Tactics
    18 May 2026: Paige Estritori
    Recent reports have brought to light concerns regarding the negotiation practices of major health insurers in Australia. Private hospitals have accused these insurers of employing aggressive tactics that may be contributing to the closure of services and facilities across the country. - read more
    Health Insurance Articles

    Health Fund Rebates 101: What Every Australian Needs to Know
    Health Fund Rebates 101: What Every Australian Needs to Know
    Exploring the realm of health insurance can be like navigating a labyrinth, replete with complex terms and varying policies. Among these, health fund rebates emerge as a crucial element, particularly for young Australians embarking on their journey of health coverage. Fund rebates can significantly lighten the financial burden, transforming the quest for health insurance from daunting to empowering. - read more
    How to Choose the Best Family Health Cover for Your Needs
    How to Choose the Best Family Health Cover for Your Needs
    With healthcare being a critical aspect of every family's well-being in Australia, securing the right family health insurance is not just a necessity but a responsibility. Recognizing the importance of this safety net is the first step towards safeguarding the future health needs of your loved ones. Balancing comprehensive coverage against affordable premiums can seem overwhelming with a multitude of plans available. - read more
    Understanding the Basics of Australian Health Insurance
    Understanding the Basics of Australian Health Insurance
    Health insurance is a critical part of maintaining your well-being and financial stability. In Australia, understanding the basics of health insurance can help you make informed decisions that protect you during unforeseen medical events. - read more
    The Role of Health Insurance in Supporting Preventive Care
    The Role of Health Insurance in Supporting Preventive Care
    Preventive healthcare refers to measures taken to prevent diseases, rather than treating them after they occur. This includes actions like regular health screenings, vaccinations, and adopting healthy lifestyle practices. - read more
    What to Look for in Basic Health Insurance Cover
    What to Look for in Basic Health Insurance Cover
    Welcome to our discussion on basic health insurance cover, a topic that is crucial yet often overlooked in the hustle and bustle of everyday life. Navigating the world of health insurance can be daunting, but understanding your options is vital for peace of mind and financial stability. - read more

    Knowledgebase
    Loss Ratio:
    The ratio of claims paid by an insurer to the premiums earned, used as a measure of profitability.