CommInsure

CommInsure is the insurance arm of the Commonwealth Bank Group. They are one of Australia's largest life risk insurers, with over three million clients and roots within the Australian insurance industry dating back over 135 years. They are a leader in the Australian insurance industry dedicated to providing their partners and customers with professional and supportive service.

CommInsure are committed to providing their customers with innovative, straightforward insurance and a high level of understanding and service when they need it most. They do this through:

• Continuing to develop products
• Paying all genuine and valid claims promptly and efficiently
• Strong claims experience: $609 million paid in 2010
• Market-leading industry position - they have won Life Company of the Year for two consecutive years (as voted by advisers)
• Consistently high ratings from research houses and competitive products that offer value for money
• Their commitment to educating Australians on the need for life insurance and actively promote the vital role of advice

Their claims philosophy is simple. They pay all genuine and valid claims promptly and efficiently. In 2010 they paid a total of $609 million in life and disability insurance claims, which translates to over $11.7 million per week.

• Life/Terminal Illness $261.7 million
• TPD/Trauma $231.3 million
• Income Protection $116 million.

CommInsure is a registered business name of The Colonial Mutual Life Assurance Society Limited, ABN 12 004 021 809 AFSL 235035 (CMLA).