Thursday, 9 February, 2012 10:54 PM AEST


log in / free register · change details · about · contact · subscribe · newsletter · advertise · mobile recent searches: themes, zenith hedge, the private, asx companies, afa,
 

Prime Super adopts online insurance

60 per cent reduction in paper

By Christine St Anne
Mon 06 Sep 2010

The industry super fund has launched an online insurance service for its members in a bid to make it easier to access additional cover.


Prime Super has launched an online insurance function for its members.

The online application was developed by Prime Super's group insurer MetLife and is aimed at providing the fund's members with easier access to additional cover.

"The online application will provide members with a user friendly, secure and streamlined application process," Prime Super chief executive Lachlan Baird said.

"Members will know on the spot whether their application has been successful and how much their increased level of cover will cost."

Over 60 per cent of the traditional paper application was removed to ensure only relevant questions were asked to assess a member's risk, according to MetLife chief executive Marc Lieberman.

Prime Super is the first MetLife client to adopt the technology.

"The online application is the next step towards making it as easy as possible for our members to apply for additional cover to ensure that they have adequate insurance protection to meet their individual needs," Baird said.

Prime Super is the national superannuation fund for rural and regional Australia.

Go to today's InvestorDaily news

More stories by this author


 

Latest videos

Managers' outlook for 2012

Despite market volatility, investment managers are still seeing opportunities.... Watch»

Investing in low-growth markets

The world might be turning Japanese as it faces a decade of lost growth, says international author Satyajit Das.
... Watch»

Overcoming the culture of risk

In an in-depth interview, international author Satyajit Das gives us an insight into how global finance enslaved the world.... Watch»

Wouter Klijn

Towards an adequate retirement

The two non-consecutive alphabetic letters encountered most often last week caused more controversy than the underlying policy they represented, Wouter Klijn writes.... read more »

Home delivered!

Daily news, weekday mornings

Get the day's news delivered direct to your inbox. Register here (it's free!) and choose 'yes' to receive the InvestorDaily newsletter.

Money on the move

IFM wins $500m infrastructure mandate »
IFM has been selected to lead CalSTRS' first foray into infrastructure.

Magellan firm amid European crisis »
The Magellan Global Fund remained fully invested during the past six months.

Kate Kachor

The final siren

The Industry Superannuation Network (ISN) has once again stuck its nose in where it's not wanted.... read more »

 

 
© Copyright 2009 Morningstar Australasia Pty Limited · legal · privacy policy · linking to us · community · powered by RedDot