Previously, with many applications, Asteron required a "Personal Medical Attendant Report" (PMAR) to be supplied by a doctor. Often, these reports were slow in reaching Asteron. This would delay the application process and in turn - if application was successful - possibly delay the commencement of cover. Now, Asteron has done away with these reports as a mandatory requirement, thus simplifying the insurance application process for advisers and their clients.
As well as eliminating PMARs, Asteron has also eliminated specialist medical examinations and mandatory ECGs (resting and exercise), while other enhancements include:
Asteron also made several enhancements to income protection products with no resulting increase in price.
For example, if you've selected a two year waiting period because you have comparable income protection, either through your employer or superannuation fund, you can reduce your Asteron waiting period to 30, 60 or 90 days with absolutely no underwriting, should your other cover cease to apply.
Other income protection enhancements include:
Those with TPD insurance can now submit a claim sooner than before.
Asteron's "eligibility period" (the period you must satisfy before you can make a claim) has been reduced from six to three months. And for some medical conditions listed in the Asteron Lifeguard Product Disclosure Statement (PDS), Asteron may further reduce the eligibility period to 14 days.
Please contact us at Rate Detective on 1300 793 143 and one of our consultants will compare all other available insurance policies form our panel of insurance to find you the most competitive price.