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MLC enhances insurance product

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By Samantha Hodge
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1 minute read

MLC has upgraded its MLC Insurance product with five new enhancements and implemented updates to its Riskfirst and Illustrator technology.

Improvements to MLC Insurance and MLC Insurance (Super) include a 12-month life cover buy-back option, double benefits, type one diabetes cover, income protection inside super and an extended benefit period to the age of 70. Updates to Riskfirst and Illustrator technology also make it easier and more efficient for advisers to write MLC Insurance business.

"Advisers using our market-leading Riskfirst technology have seen a reduction in turnaround times on new business of up to 70 per cent," MLC Insurance executive general manager Duncan West said.