TAL launches revamped income protection line-up
Australia’s largest life insurer, TAL has come to market with its revamped product range.
The company announced today that it is offering two TAL is offering two long-term options which will provide benefits to age 65 – Income Protection Enhance is TAL’s most affordable long-term cover, while Income Protection Assist features additional support at the start of the claim through an Early Support Booster for the first six months.
The company said that also available is a short-term benefit option, Income Protection Focus, which applies an ‘own occupation’ definition for the entire 1, 2 or 5 year benefit period, removing any uncertainty around ongoing eligibility for benefits over those shorter benefit periods.
Commenting on the launch of the products, TAL Group executive, Brett Clark said they reflected the company’s commitment to its advises and customers.
“Income Protection insurance is a critical tool used by Australians to protect their most important asset – their ability to earn an income – and it is essential that, as an industry, we get these products right for them,” he said in announcement.
“This is an important piece of work for the entire industry, and we must persist in our goal of designing sustainable and fair products that work well for all customers, including those customers who need to make a claim, as well as those customers who may not claim.”
TAL’s Income Protection products will be available from 24 September 2021.