Who owns Asteron insurance?
Who owns Asteron insurance?
TAL Life Limited
Leading life insurer, TAL Life Limited, has reached a key milestone in its acquisition of Suncorp’s Australian life insurance business, Asteron Life & Superannuation Limited (Asteron Life), with the commencement of the legal process known as Part 9 to transfer Asteron Life’s life insurance business to TAL Life.
What is asteron life?
Asteron Life was the underwriter of Australia’s very first life insurance policy, in 1833. Asteron Life is a proud member of the Suncorp Group. This means the company is backed by $95.5 billion of assets and a sound financial infrastructure which protects the interests of around nine million customers.
What does tal insurance stand for?
Tower life insurance
Life Insurance Brands TAL, formerly known as Tower life insurance, is a leader in speciality life insurance products and one of the most reputable insurers in Australia. Since their launch in 1869, they have become the nation’s largest non-bank-owned life insurance company, with over 3.7 million customers.
Is asteron part of Suncorp?
Asteron Life Superannuation is a division of the Suncorp Master Trust (ABN 98 350 952 022, RSE Fund Registration No R1056655) (Fund). Tyndall Superannuation is a division of the Fund. The Asteron Longevity Income Stream (ALIS) is part of the Asteron Superannuation Division of the Fund.
What does asteron mean?
asteron (plural asterons) (cytology) An astrocyte / neuron hybrid cell.
What is the cost of life insurance?
How much is life insurance? The average cost of life insurance is $26 a month. This is based on data provided by Quotacy for a 40-year-old buying a 20-year term life policy, which is the most common term length sold. But life insurance rates can vary dramatically among applicants, insurers and policy types.
Who are the owners of Asteron Life Insurance?
Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (Asteron) is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL).
Where is the Asteron Life office in Sydney?
Registered Office, Level 16, 363 George Street, Sydney NSW 2000 Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (Asteron) is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL).
When did Asteron stop paying commission to financial advisers?
Asteron has historically made commission payments to financial advisers who originally recommended the product. From 1 November we are ceasing these payments in line with legislative changes and will instead pass the value back to policyholders in the form of a fee reduction.
When did Asteron Life change its name to Tal?
The sale of SLSL to TAL was completed on 28 February 2019. As a result, SLSL has changed its name to Asteron Life & Superannuation Limited (Asteron). Who is TAL?