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TAL to waive premiums for drought affected farmers
TAL has announced that it will waive insurance premiums for drought affected farmers in New South Wales and Queensland, effective from 1 September, 2018.
When announcing the waiver, TAL Group chief executive and managing director, Brett Clark, acknowledged the “immense strain” the drought was purring on farmers in the two states.
“We understand that in these challenging circumstances, every dollar counts, and we are proud to support farmers in NSW and Queensland who are impacted by the drought. We encourage our customers to contact TAL or their financial adviser to access the premium relief package,” Clark said.
“This support will ensure that farmers in drought affected areas and their families can maintain the life insurance cover they need and provide some financial relief during this difficult time.”
The waiver would be available for existing TAL customers holding policies directly with TAL or through a financial adviser who qualify for the Federal Government’s Farm Household Allowance and who live in a drought-declared area in NSW or Queensland. Customers on TAL’s Insuranceline and Alliance partner products would also be eligible.
Eligible farmers could apply for the waiver until the end of this November and it would apply for a period of up to six months.
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