Govt supports life insurance, not insurers
Financial Services Minister Kelly O'Dwyer says some life insurance products are "questionable".
Financial Services Minister Kelly O'Dwyer says some life insurance products are "questionable".
ASIC will study the sales calls for life insurance sold to consumers to see if they lead to the purchase of inappropriate products.
TAL chief executive Brett Clark says that he wants the insurer to be known as a "health business" not a life insurance business.
Labor Senator Deborah O'Neill has blasted insurers for invasive information gathering practices.
The life insurance sector may "destroy" unneeded medical records to order to win back trust from customers.
Technology means the days of life insurers asking customers for detailed and unnecessary information about their health will end.
Pressure is mounting on the life insurance sector to release a code that includes superannuation trustees.
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