After changes made in March and May, MLC Insurance of the National Australia Bank has made more changes in its offerings and has introduced RiskFirst Rapid.
The product aims to…
– Address needs for further income protection premium savings
– Allow quick coverage
On top of this, an additional 20% savings on income protection premiums will be enjoyed by clients who put their Life, Total Permanent Disability and Critical Illness cover in a bundle.
Executive General Manager Duncan West said the changes mean their clients can enjoy the benefits the changes will bring “without having to sacrifice their levels of cover”. He added that with one insurer, there are more savings and managing the insurance becomes easier.
West said that for further efficiency, improvements were also applied to MLC’s Income Protection, Critical Illness, Life Cover and Total & Permanent Disability. All the changes, West added, are MLC’s way of making sure to offer quality products and services and faster claims processing.
MLC Insurance is now part of investment platforms that include MLC Wrap and MLC Navigator for faster and effective premiums payments that are tax effective whether from super or self-managed super account.