Comminsure Life Insurance & Income Protection
Comminsure is the Commonwealth Bank’s wealth management division and was established in 1995 under the name Commonwealth Connect Insurance Limited. As a part of the Commonwealth Bank Group, Comminsure’s good reputation stems from its parent company’s 138 years of experience within the finance industry, and Commbank’s status as one of the largest companies listed on the Australian Securities Exchange (AS-X).
With $1.97 billion worth of in-force premiums as of July 2012, and 15% market share*, CommInsure is one of Australia’s largest life insurers and pays almost $13 million per week in premiums**.
Why choose Comminsure?
Back in 2012, CommInsure was the first Australian life insurer to become a signatory to the United Nations Principles for Responsible Investment. As a signatory, Comminsure abides by a set of ethics that require them to publicly consider environmental, social and corporate governance factors in their investment decisions.
Comminsure has also received a number of accolades in the form of industry awards, the most recent being Money Magazine’s ‘Best Innovative Insurance Product 2014’ for their home insurance policy. Their standard of customer service has also received formal recognition, and was named one of the Contact Centres of the Year for 2013 by the Australian Teleservices Association.
Comminsure can help with:
- Life Care
Pays a lump sum to your nominated beneficiary in the event of your death.
- Terminal and Permanent Disablement (TPD) Cover
Comminsure’s TPD cover pays you a lump sum should you never be able to work again due to a permanent physical or mental disability.
- Trauma Cover
Provides a lump sum to help pay for medical bills and rehabilitation costs should you suffer from one of Comminsure’s 40 qualifying medical conditions.
- Income Care
Comminsure’s income protection can replace up to 75% of your income in monthly installments to help you meet the costs of living should you fall ill or become injured and be unable to work for a period-of-time. Can also cover your business’s fixed operating expenses.