Viewing entries tagged with 'claim'

AFRM Claims Advocacy supports FSC call to allow insurers to provide early intervention support

Posted by Damien Jones on 20 June 2018

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AFRM Claims Advocacy has called on the Parliamentary Joint Committee examining if life insurers should be allowed to provide rehabilitation payments to clients to recognise the extremely strong case in favour of doing so set out by the Financial Services Council (FSC) in its recent Cadence Economics research findings. 

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Advised Insurance Best for Claims

Posted by Damien Jones on 1 June 2018

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Advised life insurance has a higher rate of admitted claims than non-advised insurance across all four product types, according to new data released by ASIC and APRA. 

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AFRM joins industry leaders to discuss claims-related issues

Posted by Bethany Shaw on 25 May 2017

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AFRM was part of a recent Round Table conversation run by CommInsure and RiskInfo during which a broad spectrum of claims-related issues was discussed – issues impacting life companies, advisers and their clients.

You can read the full article here. Below are some of the points made by Nick Hatherly, AFRM Director. 

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AFRM CLAIM STORIES: Industry super fund takes 20 weeks to pay out a straight forward death claim

Posted by Bethany Shaw on 21 March 2017

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claim storiesIndustry super fund takes 20 weeks to pay out a straight forward death claim

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AFRM celebrates 20 years of service to their valued clients

Posted by Bethany Shaw on 16 March 2017

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2017 marks a significant milestone in AFRM’s history as the company celebrates twenty years of continued service on April 1.

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Staff Retreat 2017 – March 4–7 - Melbourne

Posted by Damien Jones on 14 March 2017

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Why do we Retreat?

The first AFRM Retreat was held in 2005 at a time when the business expanded out of Newcastle with the opening of a North Sydney office. With a geographical spread of staff the Directors felt the need for all staff to come together once a year in order to share AFRM’s vision, learnings, business processes, experiences and team work to grow a business with the right principles and values. 

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Could we be living in a cashless society?

Posted by Bethany Shaw on 8 February 2017

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1611 NL TAL Living in a cashless societyIn 2015, Australia passed an important milestone. You probably didn’t even notice. But it’s something that, if the trend continues, could dramatically change the way you live.

Westpac reported that 53% of payments made in Australia were cashless. It is estimated that Australia will be cash-free as early as 2022.i

The Royal Australian Mint says there’s been a significant decline in demand for circulating coins. The Mint produced 20% fewer coins overall in the most recent year on record. The five cent coin was the least loved, with demand dropping roughly 35%.ii

If a world without cash seems inconceivable, you only need to look north to see what’s happened. In Sweden, they’re fast moving towards digital transactions only.iii In 2015, only 2% of payments (by value) were in cash. It’s legal to not accept cash at a store. The government is happy to promote its cashless society mandate.iv They explain that "even children pay with cards", and that vendors prefer not to handle cash for security and bookkeeping reasons.

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AFRM CLAIM STORIES: 49 year old receives over $1m due to back condition

Posted by Bethany Shaw on 22 November 2016

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claim storiesAFRM helps client receive over $1 million following a degenerative back condition. 

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Why are claims more successful if you have a good adviser?

Posted by Bethany Shaw on 10 November 2016

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Questions Answered1. A good adviser knows what will work at claim time. Their advice and the policies they recommend will be purely based on this. It only pays to have insurance when it is the right insurance for you. And the right insurance is only right if you make a claim and it gets paid.

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AFRM wins 'Practice of the Year' at TAL awards night

Posted by Bethany Shaw on 8 September 2016

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2016 09 01 diiner practice 500w

Charl Du Plooy, NSW State Manager TAL; Mark Hoskin, Director AFRM; Brett Clark, CEO TAL

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