MLC has made a series of changes to its insurance offering, MLC Insurance, which the company believes will benefit both financial advisers and their clients.
The National Australia Bank-owned wealth manager has added MLC Insurance to its investment platforms, MLC Wrap and MLC Navigator.
As a result, premiums could now be paid tax effectively from a member's superannuation or self-managed super account, MLC said in a statement.
Changes have also been made to allow advisers to provide insurance cover to their clients at a faster rate than was previously offered.
"These improvements are the latest in a series of regular upgrades we're making to MLC Insurance in order to meet the needs of customers and advisers and to streamline the insurance process," MLC Insurance executive general manager Duncan West said.
"They show our commitment to providing quality products and services while staying focused on paying claims quickly."
As part of the changes, MLC has also enhanced its RiskFirst rapid product as well as its income protection, critical illness, life cover and total and permanent disability offer.
"Our new multi-cover packaging means your clients could save on their insurance premiums without having to sacrifice their levels of cover," West said.
"Having the one insurer is not only easier to manage, but it's also now more cost effective."
The previous series of enhancements to MLC Insurance was made in March and May.
