Cost of living crunch drives Australians to abandon traditional means of mental health support
As the cost of living crisis tightens its grip, a new trend is emerging: Australians are turning away from the traditional financial support networks of family and friends, instead choosing government assistance should mental ill-health prevent them from working. Independent research commissioned by the Council of Australian Life Insurers (CALI) reveals that nearly four in […]
CALI welcomes progress on financial advice reforms
The Council of Australian Life Insurers (CALI) has welcomed the Federal Government’s continued progress on financial advice reform, describing today’s announcement as an important step towards more accessible and affordable advice. “Today we have made meaningful progress. This announcement confirms the Government’s commitment to reforming financial advice and improving financial outcomes for all Australians, but […]
Wild For Life 2025—industry leaders unite to transform life insurance in Australia
For the first time, a landmark event will bring together industry leaders, innovators, and changemakers to discuss how life insurance can create meaningful change for all Australians. Wild For Life 2025, the inaugural conference of the Council of Australian Life Insurers (CALI), will be taking place at Taronga Zoo, Sydney, on 2 April 2025. “We […]
Australians living with HIV and AIDS can be more confident about their financial future
Australians living with HIV and AIDS can look forward to greater financial security, as life insurers will treat their condition the same as any other medical condition. The Council of Australian Life Insurers (CALI) has strengthened the Life Insurance Code of Practice to formalise the industry’s support of people living with HIV. “Life insurance plays […]
Life insurers welcome APRA consultation on annuity products
Today marks an important step in expanding access to retirement solutions for Australians, with the Australian Prudential Regulation Authority’s (APRA) decision to consult publicly on capital settings for annuity products. The Council of Australian Life Insurers (CALI) says there are currently around five million people who are in, or preparing for, retirement. As Australians live […]
Australian life insurers step up support for victim-survivors of family and domestic violence
Australian life insurers are making major changes to the way they support victim-survivors of family and domestic violence. The Council of Australian Life Insurers (CALI) has released a new Best practice guidance on family and domestic violence that sets new benchmarks for compassionate and effective engagement with victim-survivors. This approach has been informed by the […]
Life insurance industry thanks retiring Assistant Treasurer Stephen Jones
The Council of Australian Life Insurers acknowledges the significant contributions of Assistant Treasurer and Minister for Financial Services Stephen Jones to improving customer outcomes in financial services. Assistant Treasurer Jones has been a strong advocate for creating lasting reforms that will secure Australians’ financial futures, including the Government’s Delivering Better Financial Outcomes reforms and promoting […]
Helping life insurance customers in superannuation
Australia’s life insurers are committed to delivering a high level of service to all of our customers every day, including the ten million Australians who hold insurance through their superannuation. Today’s announcement by the Federal Government will strengthen the service standards in place for the millions of Australians who benefit from our nation’s world class […]
More Australians forced to leave work for good over their mental health and at a younger age, new landmark report shows
An alarming number of Australians in their 30s are leaving the workforce permanently because of their mental health, according to new research commissioned by the Council of Australian Life Insurers (CALI). The Australia’s Mental Health Check Up report by KPMG shows there’s been an unprecedented 732 per cent increase in Total and Permanent Disability (TPD) […]
Australians the big winners as critical advice reforms are given green light
Australians looking for more ways to get affordable financial advice are the big winners following the Federal Government’s promise of widespread advice reforms as early as next year. The Council of Australian Life Insurers (CALI) welcomes the Government’s announcement on the second phase of its Delivering Better Financial Outcomes package, which will give Australians more […]