What is total care plan CommInsure?
What is total care plan CommInsure?
CommInsure Protection: Total Care Plan Trauma Cover CommInsure’s Total Care Plan Trauma Cover pays a lump sum benefit if you survive for 14 days after suffering from a specified medical condition or event. You can use the money for any purpose to help you recover or secure your financial stability.
What is PDS in insurance?
A Product Disclosure Statement (PDS) is a legal document that helps you make sense of a particular car insurance product. It details what is and isn’t included, and any relevant terms and conditions. If you’re weighing up GIO’s four levels of Car Insurance cover, the PDS can help you determine which is right for you.
Did AIA buy CommInsure?
AIA Australia completed the final part of its acquisition of the Colonial Mutual Life Assurance Society’s (CMLA) insurance portfolio, including products under the CommInsure, Colonial and Commonwealth Financial Services brands, on 1 April. …
What is Total Care Plan Super?
Total Care Plan Super is a superannuation product provided under the Fund. Total Care Plan Super is designed for people who are self-employed, employed or eligible spouses, who wish to obtain insurance benefits for death, terminal illness and total and permanent disability in a superannuation environment.
Does CommInsure still exist?
Is CommInsure being sold?
Australia’s biggest bank has announced it is selling its general insurance business, CommInsure General Insurance, to global insurance giant Hollard in a $625 million deal. “CBA and Hollard will co-invest in innovative, market-leading products and services that anticipate and meet the changing needs of our customers.”
What must be in a PDS?
Briefly, a PDS includes information such as: (a) fees payable in respect of a financial product; (b) risks of a financial product; (c) benefits of a financial product; and (d) significant characteristics of a financial product.
What is a PDS in use notice?
Description. PDS in–use notice. Purpose. Lodge this form online to notify ASIC that a Product Disclosure Statement (PDS) has been given to someone in a recommendation, issue or sale situation for the first time.
Who bought CommInsure?
Commonwealth Bank has announced it has found a suitor to buy its general insurance business CommInsure. In a statement lodged to the sharemarket on Monday, the nation’s largest retail bank unveiled it has agreed to sell CommInsure to the Hollard group upfront for $625 million.
How long will my CommInsure total care plan TPD cover last?
In most cases your CommInsure Total Care Plan TPD Cover will provide you with insurance until you reach age 65. If you hold your policy outside of your superfund you may be able to get additional limited cover until age 80, which pays a lump sum if you become unable to live independently.
What does SPDs stand for CommInsure?
This Supplementary Product Disclosure Statement (SPDS) is dated 16 June 2016 and supplements the CommInsure Protection Combined Product Disclosure Statement and Policy (PDS) issued on 11 May 2014. This SPDS outlines changes to the product and should be read together with the PDS.
How much can you insure with total care plan total and permanent?
You can buy Total Care Plan Total and Permanent Disability Cover as a standalone plan or in combination with Life Care or Trauma Cover. If you choose a standalone policy you can insure up to $5,000,000. For combined policies, you can’t insure more than the value of your other policies.
Who is the trustee of totaltotal care plan Super?
Total Care Plan Super is a superannuation product provided under the Colonial Super Retirement Fund (the Fund). The trustee of the Fund is Colonial Mutual Superannuation Pty Ltd (the Trustee).
