Life and income protection insurance was a critical part of an investment protection strategy, and the convenience of providing OneCare through superannuation on Oasis would enhance the adviser provision of appropriate risk products to their clients, OnePath superannuation and investment division general manager Ross Bowden said.
The key features of OneCare on the wrap include the tax deductibility of premiums, full range of commission options, size and packaging discounts and consolidated reporting via annual statements and online reports.
"There has been a strong demand from dealer groups for Oasis to integrate a competitive retail insurance offering onto the badged superannuation wrap," Bowden said.
"The OneCare offering ensures that our wrap platform is flexible enough to meet the demands of today's investor for innovative and convenient products that meet their growing investment needs."
