News Life and Health06 Aug 2020

Australia:Income protection accounts for more than 1/3 of total claims on life insurers in 2019

| 06 Aug 2020

The life insurance industry in Australia paid out more than A$12bn ($8.7bn) to 101,821 Aussies and their families during 2019, according to data released by the Financial Services Council (FSC) as part of activities during Life Insurance Awareness Week last week. Income Protection/Disability Income insurance payouts accounted for more than a third of the total sum paid.

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