ASIC calls out insurers, super funds for selling ‘junk’ TPD insurance
AMP 2019-10-17 5:09 pm Sydney
AMP, Asteron and Westpac have been singled out by ASIC for having higher than expected decline rates for total and permanent disability life insurance claims, in a new review by the corporate watchdog that also revealed a “concerningly high” 60 per cent rejection rate for some narrowly defined policies.