Australia's corporate regulator said on Friday it was suing MLC Life Insurance for causing financial harm of A$17.5 million ($12.73 million) to over a quarter million customers by not paying ...

Like most traditional financial services companies, Australia’s MLC Life Insurance was saddled with high technology costs, including the overheads of managing a third-party supplier that was ...

MLC Retirement Boost is structured to function like a traditional superannuation account, but it incorporates features that may enable higher income in retirement. This is achieved through the ...

Insurers say stress, burnout and bullying – especially among young people – are among the reasons claimants give for being ...

NAB sold 80 percent of MLC Ltd, operator of the country's fourth-largest life insurer, to Japan's Nippon Life Insurance Co for A$2.4 billion ($1.79 billion) in a deal that closed in October.

McGovern joined MLC Life Insurance in 2022 as risk chief. Prior to this, she was the chief risk officer for Zurich Australia.She also held senior leadership roles for Allianz Australia, and most ...

Life insurance protects your loved ones in the case of your untimely death. But considering how much it costs, is it worth it?

Australia's corporate regulator said on Friday it was suing MLC Life Insurance for causing financial harm of A$17.5 million ($12.73 million) to over a quarter million customers by not paying ...

In Australia, 15 million people out of a total of 26 million have some kind of life insurance cover. However, many policy holders are underinsured, a report for the Financial Services Council notes .