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Aon boosts insurance

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By Victoria Papandrea
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2 minute read

Aon enhances its master trust insurance offering to provide its super members with higher coverage.

The Aon Master Trust has unveiled a range of enhancements to its insurance offering.

The improvements include unlimited cover for death, higher limits for total and permanent disablement (TPD) and income protection, as well as increased flexibility for insurance cover transfers.

The maximum cover for TPD has been increased to $3 million, while the limit for income protection has been boosted to $25,000 per month.

The facility also allows members to transfer cover from other funds or retail policies into the Aon Master Trust with no health evidence required.

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Increasing maximum cover is a timely initiative given the permanent adoption of the insurance transfer offer, Aon Master Trust head of product Peter Lewis said.

"These substantial increases mean the Aon Master Trust now offers some of the highest cover available in the marketplace," he said.

"The popularity and success of our transfer offer, which was originally available only to new members, has led us to adopt it as a permanent option for all our super members.

"So there is more opportunity than ever for members to benefit from our competitive group rates."