21
Oct

Life insurance claims payments

The life insurer TAL, has released a report titled “Our Contribution 2019/20”.  Our Contribution 2019/20 covers the period from April 2019 to March 2020 (TAL’s 2019 financial year). It outlines the work they are doing to meet the needs of their customers, partners and stakeholders, and contribute as a life insurer, an employer, and part of the Australian community.  Some extracts are :

$2.5 billion paid in claims was paid to over 35,000 Australians and their families*

*Total number of claims paid by TAL Life Limited and Asteron Life & Superannuation Limited between 1 April 2019 and 31 March 2020.

64% of the total volume of claims they paid helped their customers continue living their lives while recovering from an illness or injury1

1. Claims statistics based on total number of claims paid by TAL Life Limited and Asteron Life & Superannuation Limited between 1 April 2019 and 31 March 2020.

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