Risk Product Update

NEOS Life launches new income support option

NEOS has launched a new Extended Care Option on its Income Support Cover. Policyholders can replace up to 70 per cent of their income for the life of their claim. Under this option monthly benefits will not be automatically reduced if they are on claim for over two years. A new PDS and adviser guide are available.

Risk Product, Company and Regulatory Updates as at 9 July 2019

Risk Product, Company and Regulatory Updates as at 9 July 2019
  • NEOS Life enhances risk-only superannuation product

  • AMP adds functionality to My AMP

  • OnePath updates trauma definitions, underwriting engine

  • MLC Super changing TPD claim assessments for Any Occupation

  • First FASEA exams completed

  • APRA: financial institutions to register an ‘accountable person’

  • AWSM has AFSL cancelled

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