Resolution Life acquires AMP’s mature and wealth protection business, which is one of the largest business of its type in Australia and New Zealand.
Benefits
- Insurable benefits: Disability and Life
- Poolable benefits: Disability and Life
Minimum Lives Criteria for Pooling
A minimum of 10 lives
Minimum Lives Criteria to offer a local group contract
A minimum of 10 lives
CLAIMS PROCESSING (TTD*)
-
Death claims
5
-
Disability claims
5
-
Medical claims
NA
-
Retirement claims
NA
IMPLEMENTATION AND RENEWAL PROCESSING (TTD*)
-
Local Quote
5
-
Annual Renewal
8
-
Rate Review
60
-
General Question
1 - 2
SERVICE MEASUREMENT CAPACITIES
-
Internal Monitoring
Yes
-
Portfolio basis
Yes
-
Client specific
/
-
Periodicity
Monthly
NATURE OF SERVICE AGREEMENT
-
Joint commitment basis
Yes
-
Demonstration basis
/
-
Financial basis
/
CLAIMS MANAGEMENT CAPACITIES
-
Disability claims
Yes
-
Medical claims
/
-
Managed care
/