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Tasplan members officially rolled over to MetLife cover
Tasplan has gone live with its group insurance cover from MetLife, following the insurer winning the super fund’s mandate last October.
The two organisations had been working toward a 1 July transition date since the agreement last year, swapping over the death, total and permanent disability, and income protection policies for 138,000 members.
According to Tasplan chief operations officer, Nick Connor, the changeover should be “seamless” for insureds, as the two organisations had worked closely to ensure there was no impact to members.
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The $135 billion fund has transitioned away from TAL Life Insurance following an “extensive tender process”.
The $80 billion fund is facing legal action over allegedly signing up new members to income protection insurance by default without active member consent.
In a Senate submission, the Financial Services Council has once again called for further clarification that the government will assess the consumer outcomes of group insurance against the enshrined objective of superannuation.
TAL has launched a digital solution TAL Connect for its superannuation fund partners that links super and insurance for members, with Aware Super as its launch partner.
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