Upgraded.
March 27, 2020 08: 02:39
Among Australia’s greatest life insurance companies has relocated to cut off payments to clients who pass away from COVID-19, including frontline doctors battling the fatal virus.
Bottom line:
- A leaked document reveals significant insurance company TAL including coronavirus exclusions to some new insurance coverage
- One insurance coverage broker stated he was “surprised” by the relocation, however TAL said it only applied to a little number of policies
- The exemptions do not impact people who currently have life insurance through TAL, or those who are guaranteed through their super
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