Income Insurance Australia :: Podcasts

Income Insurance Australia Weekly News insights

Each week, we sift the Australian income protection landscape: policy and regulation updates, insurer moves, claim trends, and workplace risk stories. Get clear, plain-English takeaways, myth-busting context, and what changing rules may mean for employees, sole traders, and gig workers. It’s a trustworthy, industry-specific news wrap to keep your household income know-how sharp without the jargon. Expect concise interviews and pointers to credible sources so you can stay prepared.

This Week:

Weekly wrap for 4 October 2025: Draft laws propose banning life insurers from using genetic test results in underwriting; ASIC plans complaint and breach-report dashboards to boost transparency; the Life Code Compliance Committee reviews overturned life claims to improve decision-making; and NSW backs a national centre for workplace psychological health and safety. Practical tips: review cover if concerned about genetic testing, know your IDR path, keep claim documentation ready, and check mental health cover, waiting and benefit periods. Visit income-insurance.com.au for tailored help.

Read Full Transcript:

Hello and welcome to Income Insurance Australia Weekly News insights, Im Paige Estritori, and its Saturday 4 October 2025. First, on 29 September the federal government opened consultation on draft laws to ban life insurers from using genetic test results in underwriting. The aim is to let people access genetic testing without worrying it will affect eligibility or terms. Its not law yet, but if youve put off cover because of testing concerns, nows a good time to review your options and understand what questions actually appear on applications. Next up, the corporate regulator ASIC, the Australian Securities and Investments Commission, says it will publish new dashboards showing complaint outcomes at the firm level and aggregate breach reports. It expects to release the reportable situations dashboard in October and the complaint dashboard later this year. Greater transparency should help you judge how insurers handle disputes. Keep good records and know your internal dispute resolution, or IDR, pathway before you ever need it. Meanwhile, on 2 October the Life Code Compliance Committee, or LCCC, launched an inquiry into life insurance claims that are overturned on review, including after complaints to AFCA, the Australian Financial Complaints Authority. The focus is on why reversals happen and how insurers can fix decision-making. For workers and sole traders, the practical step is simple: document your medical and work evidence, follow the claim process closely, and escalate early if something doesnt look right—your policy is designed to replace income when illness or injury stops you working. And in New South Wales, also this week, the state is backing a new national centre for workplace psychological health and safety. Psychological injury claims have been rising and often keep people off work longer. Better research and return‑to‑work support may flow through to how claims are assessed and managed. Check that your income insurance includes mental health cover youre comfortable with, and that your waiting and benefit periods match your cash‑flow needs. Thats the wrap. For clear comparisons and a tailored chat about income insurance for any occupation, head to income‑insurance.com.au and tap Get Your Free Income Insurance Assessment. Im Paige—talk to you next week.

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