"Instead of showcasing the challenges of women as a group, I look to help each woman as an individual with a plan that is right for them."
Stories relating to claims not being paid out are common in the media, and are often a cause for people opting out of personal insurance.
ASIC (the Australian Securities and Investments Commission) who is the watchdog of the financial services sector conducted their latest review into the
industry in 2016, and have presented us with the facts.
The most common types of disputes were about the evidence insurers require when assessing claims, and delays in claims handling.
However, it was found that 90% of claims were paid out.
Of the delays and claims not paid out, most were direct or group insurance policies where no financial advice was provided.
If you need insurance and you need to filter through which insurers give you the best options for your
personal situation, it is worth seeking advice. Insuring yourself is important, make sure you have the right insurance and a financial adviser that
can help you at claim time.
If you want to talk to someone about insurance or have any questions please give me a call on 8299 9927 or email firstname.lastname@example.org