Last month, TAL introduced the Interim Rollover Cover Benefit (ICRB). This benefit provides your clients with full cover when they apply for a new Accelerated Protection policy that is structured through TAL Super, and their premiums are paid via rollover.
It’s another way we’re supporting your clients by providing them with the same level of cover they successfully applied for, while we wait for premium payment via rollover from their nominated superannuation fund.
The ICRB starts when we agree to insure your client, and we have been provided with all the necessary requirements to enable us to issue the policy. If there is a claim on the ICRB, there is no effect on their application or the policy – provided the customer has complied with their duty of disclosure.
Please note, there is no additional cost for the ICRB.
We have put together a flyer (which includes the terms and conditions that apply) which can be downloaded from the TAL Adviser Centre.