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MLC gains group insurance mandate
MLC Group Insurance has been appointed as insurer to the Sisters of Mercy Staff Superannuation Scheme (SMSS) and will implement improved benefits as part of the mandate.
The offering included substantial increases in benefits to members, higher levels of total and permanent disablement cover for young members, default income protection for new members, an opt in window for existing members to gain income protection without underwriting, and income protection benefits up to the age of 70 years.
Chief executive Chris Engelhardt said SMSS wanted to achieve improved benefits for its members and offer flexible, secure cover with improved cover levels.
Head of group insurance Andrew Howard said MLC was pushing the benefits design to deliver relevant, tailored insurance solutions for clients.
AUTHOR
Mike Taylor
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