News Life and Health04 Apr 2018

Australia:Parliamentary panel finds life insurance consumer protection weak

| 04 Apr 2018

The consumer protections that currently apply to life insurance are substantially weaker than the consumer protections that apply to other financial and non-financial services and other products sold together with life insurance. This leads to confusion for consumers in understanding and asserting their rights, says a report issued last week by the Joint Parliamentary Committee (JPC) on Corporations and Financial Services.

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