The recent ASIC report into direct life insurance shows a whopping 58 per cent of claims under a direct life insurance policies were accepted by the issuers of direct life insurance. It certainly highlights the need for advice!
Jewellery can be worth much more than its monetary value. It’s often special, meaningful, and irreplaceable. And unfortunately, sometimes it gets lost or stolen.
We understand the impact this can have on our customers. But we’re not just here to make emotional assurances. We’re here to do what we do best: helping you recover as much of the financial value as possible if the worst happens.
You dont need to look far to spot the difference.
A recent report showed that claims from the Non Advised (Direct) life insurance policies were 71% more likely to be denied. On the flip side “Advised retail life insurance was typically thoroughly underwritten at application time and was actively managed by an Adviser at claim time” leading to it making up 70% of all claims.