News Life and Health28 Jun 2018

Australia:50% fall expected in group life cover in superannuation with opt-in proposal

| 28 Jun 2018

The overall impact of proposed Federal Budget measures on insurance cover in superannuation would be a 50% reduction in group life cover, according to an assessment by global professional services firm KPMG. In addition, a 42% reduction is anticipated in insurance premiums collected.

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