The Age
·general
·6 hours ago
Mental health becomes a financial battleground as insurance premiums soar
Insurance premiums for personal risk products in Australia are surging, with life and disability cover increasing up to 40 percent due to rising mental health claims. Mental health now accounts for a quarter of TPD claims, pushing overall claims to $2.4 billion. Insurers argue that rising costs necessitate higher premiums to maintain coverage sustainability.
Summary by Glance · The Age
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