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Insurance News from Income Insurance Online

Income Insurance Online is pleased to present the latest financial news headlines.

To read an entire news item, simply click on the headline.

News items on this page are prepared by our editorial team as summaries of publicly available news reports and official announcements. See linked news sources where available. The following news items are for informational purposes only and are not independent journalism.

Insurance News

Australia Enacts Ban on Genetic Discrimination in Life Insurance
Australia Enacts Ban on Genetic Discrimination in Life Insurance
17 Apr 2026: Paige Estritori
In a landmark move, Australia has passed legislation prohibiting life insurers from using individuals' genetic test results in their underwriting processes. This reform aims to eliminate genetic discrimination, thereby encouraging more Australians to undergo potentially life-saving genetic testing without fear of insurance repercussions. - read more
Interim Review Urges Mental Health Coverage Reforms in Life Insurance
Interim Review Urges Mental Health Coverage Reforms in Life Insurance
17 Apr 2026: Paige Estritori
A recent interim report reviewing Australia's Life Insurance Code of Practice has raised concerns about the industry's approach to mental health coverage. The report suggests that proposed changes by life insurers may represent a regression from existing commitments, potentially undermining support for individuals with mental health conditions. - read more
Soaring Insurance Premiums Jeopardize Financial Security for Australian Retirees
Soaring Insurance Premiums Jeopardize Financial Security for Australian Retirees
17 Apr 2026: Paige Estritori
Australian retirees are facing increasing financial strain as insurance premiums continue to rise sharply, outpacing inflation and wage growth. This trend is forcing many on fixed incomes to make difficult decisions about maintaining essential insurance coverage. - read more
Australian Life Insurance Industry Achieves Significant Underwriting Gain in Q4 2025
Australian Life Insurance Industry Achieves Significant Underwriting Gain in Q4 2025
17 Apr 2026: Paige Estritori
The Australian life insurance sector has reported a substantial underwriting gain of $279 million for the December quarter of 2025, a significant improvement from the $36 million recorded in the same period the previous year. This data, released by the Australian Prudential Regulation Authority (APRA), highlights a notable turnaround in the industry's financial performance. - read more
Senate Enacts Ban on Genetic Testing in Life Insurance Underwriting
Senate Enacts Ban on Genetic Testing in Life Insurance Underwriting
17 Apr 2026: Paige Estritori
In a significant move to safeguard consumer rights, the Australian Senate has passed legislation prohibiting life insurers from using genetic test results in their underwriting processes. This landmark decision aims to prevent genetic discrimination and ensure that individuals are not unfairly denied coverage or charged higher premiums based on their genetic information. - read more

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Life Insurance Articles

From Illness to Injury: Understanding the Scope of Income Protection Insurance
From Illness to Injury: Understanding the Scope of Income Protection Insurance
In the uncertain times we face today, where both health and economic climates are unpredictable, safeguarding your financial stability becomes paramount. This is where income protection insurance steps in as an essential safety net. For many Australian families, it's the buffer that ensures life's financial commitments are met, even when ability to work is compromised. - read more
How to Compare Income Protection Insurance for Self-Employed Australians
How to Compare Income Protection Insurance for Self-Employed Australians
For self-employed Australians, the financial stability provided by consistent income is the backbone of both personal and business success. Unlike traditional employees, who might have access to sick leave or employer-sponsored disability benefits, self-employed individuals are solely responsible for their financial security in the event of illness or injury. This is where income protection insurance steps in as a crucial safeguard. - read more
Income Protection vs. Total Permanent Disability: Which Is Right for You?
Income Protection vs. Total Permanent Disability: Which Is Right for You?
Financial security is crucial in today's unpredictable world, where unexpected events can disrupt the stability and comfort of our daily lives. For Australians, protecting one's income and lifestyle from unforeseen circumstances is a key component of personal finance. - read more
How to Compare Income Protection Policies When You Have a Medical History
How to Compare Income Protection Policies When You Have a Medical History
In today's ever-changing world, financial security is a cornerstone of peace of mind, particularly for Australians grappling with medical histories. Income protection insurance emerges as a pivotal solution, safeguarding not only the individual’s fiscal health but the well-being of their dependents. This introduction explores the nuances of income protection insurance and its particular significance for those with pre-existing medical conditions. - read more
Finding Accidental Coverage When Comprehensive Income Protection Isn't an Option
Finding Accidental Coverage When Comprehensive Income Protection Isn't an Option
Income protection is an integral part of maintaining your financial security, especially in the event that unforeseen illnesses or injuries prevent you from working. Enabling you to receive a percentage of your regular income, this type of insurance provides a safety net, ensuring that you can continue to cover your living expenses and financial obligations whilst recovering. - read more

Knowledgebase
Beneficiary:
The person or entity designated to receive the death benefit from a life insurance policy.