Why super funds are slashing insurance premiums for members
Two of Australia's biggest superannuation schemes are using their clout to reduce insurance premiums for members.
Two of Australia's biggest superannuation schemes are using their clout to reduce insurance premiums for members, as the retirement industry starts to question young members' insurance needs and responds to a surge in claims.
The changes come as the life-insurance sector emerges from a painful few years, characterised by soaring claims and premiums. Most Australians are insured through their super fund.
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