19 December 2019
MLC Life Insurance has been appointed as TelstraSuper’s new group insurer, following an extensive tender process.
With effect from 1 July 2020, MLC Life Insurance will provide death, total and permanent disability and income protection coverage for the superannuation fund’s 95,000 strong member base.
TelstraSuper is Australia’s largest corporate super fund, representing current and former Telstra Group employees, employees of a Telstra-approved employer (Telstra Stores), and their families. It has approximately $21 billion in funds under management.
Sean McCormack, Chief of Group and Retail Partners, MLC Life Insurance, said, “We’re delighted to partner with TelstraSuper and look forward to providing great insurance cover for their members, as well as a strong claims proposition - from pre-claim to post claim.
“As a member of the Nippon Life Insurance Group, we’re investing significantly in our people, processes and technology to better serve our clients and their members.
“Our ambition is to become Australia’s leading and most trusted life insurer. To do that we’re focusing on how we can transform the way funds and their members engage with life insurance This means delivering a great experience for our customers while being responsive to their changing needs and expectations. We look for to partnering with TelstraSuper,” said Mr McCormack.
MLC Life Insurance currently provides group insurance for MLC Super, Vision Super and Maritime Super, amongst others.