MLC Life Insurance will waive premiums for up to three months for bushfire affected retail insurance customers.
In an announcement, MLC said advisers and customers had until the end of February 2020 to find out how the offer applied to them.
MLC Life Insurance chief executive, David Hackett, said: “We are deeply saddened to learn of the loss of life and devastation caused by the immense scale of bushfires across Australia.
“By offering this assistance to our customers, MLC Life Insurance wants to support them to ensure that their life insurance cover remains in place, so they can focus on restoring their lives as quickly as possible.”
Relief measures are available to all states and territories in Australia.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.
TAL has launched a digital solution TAL Connect for its superannuation fund partners that links super and insurance for members, with Aware Super as its launch partner.
The Federal Court has ruled in favour of QSuper regarding non-payment of a total and permanent disablement benefit to a member.
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