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    Insurance News

    HESTA Announces Significant Insurance Fee Reductions and Enhanced Member Protections
    HESTA Announces Significant Insurance Fee Reductions and Enhanced Member Protections
    10 May 2026: Paige Estritori
    HESTA, a prominent Australian superannuation fund, has unveiled a series of changes aimed at providing more accessible and affordable insurance coverage for its members. Effective from 1 July 2026, these adjustments include an average 12% reduction in insurance fees across all cover types, encompassing death, total and permanent disablement (TPD), and income protection cover. - read more
    APRA Implements Reforms to Strengthen Longevity Product Market
    APRA Implements Reforms to Strengthen Longevity Product Market
    10 May 2026: Paige Estritori
    The Australian Prudential Regulation Authority (APRA) has finalised amendments to its prudential standards concerning the capital treatment of longevity products, including annuities. These reforms, set to take effect on 1 July 2026, are designed to bolster the market for retirement income products by supporting innovation and reducing unnecessary regulatory constraints, all while maintaining robust prudential safeguards. - read more
    Acenda Introduces Lifestream: A New Guaranteed Income Solution for Retirees
    Acenda Introduces Lifestream: A New Guaranteed Income Solution for Retirees
    10 May 2026: Paige Estritori
    Acenda Life has expanded its offerings in the retirement market with the launch of Lifestream, a guaranteed income product designed to provide retirees with predictable, lifelong income. This initiative addresses the challenges posed by increasing life expectancies and rising living costs, offering a solution that enhances financial confidence for Australians entering retirement. - read more
    Australian Insurance Market Sees Decline in Premium Rates
    Australian Insurance Market Sees Decline in Premium Rates
    10 May 2026: Paige Estritori
    The Australian insurance landscape is undergoing a notable shift, characterized by a softening market and declining premium rates. This trend is largely attributed to heightened competition among insurers and improved financial performance within the industry. - read more
    Executive Departures at Chubb and AIG Reshape Australian Insurance Landscape
    Executive Departures at Chubb and AIG Reshape Australian Insurance Landscape
    10 May 2026: Paige Estritori
    The Australian insurance sector is witnessing significant leadership transitions, with notable departures at two major global insurers, Chubb and AIG. These changes are poised to influence market dynamics and competitive strategies within the industry. - read more
    Health Insurance Articles

    Affordable Health Insurance: How to Find the Best Plan for You
    Affordable Health Insurance: How to Find the Best Plan for You
    Affordable health insurance refers to insurance plans that offer necessary health coverage at a price within one's financial means. These plans aim to balance cost with the quality of care, providing essential services without excessive financial burden. The goal is to make healthcare accessible to a wider population, ensuring that everyone can maintain their health without going into debt. - read more
    5 Common Mistakes to Avoid When Selecting Family Health Insurance
    5 Common Mistakes to Avoid When Selecting Family Health Insurance
    Choosing the right family health insurance can feel like navigating a maze. With so many options and factors to consider, it's no wonder many Australians find the process overwhelming. The stakes are high, as the wrong choice could not only impact your family's access to healthcare but also strain your finances. - 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
    Demystifying Individual Coverage: Your Guide to Personal Health Insurance in Australia
    Demystifying Individual Coverage: Your Guide to Personal Health Insurance in Australia
    In the realm of securing one’s health and wellbeing, navigating the Australian health insurance landscape can be as critical as the care received. It stands as a complex tapestry, woven with policies, premiums, and government incentives, affecting individuals and families nationwide. - read more
    The Digital Age of Health Insurance: Comparing Policies Online
    The Digital Age of Health Insurance: Comparing Policies Online
    The dawn of the digital age has significantly transformed the way we approach nearly every aspect of our lives, and the domain of health insurance is no exception. With the arrival of innovative digital tools, the health insurance landscape has undergone a striking evolution, allowing for unprecedented accessibility and convenience in managing healthcare coverage. - read more

    Knowledgebase
    Claim:
    A formal request made by the policyholder to the insurance company for payment of a loss covered by the insurance policy.