
Facts revealed by the TNS Research ‘Investigating the issue of underinsurance in Australia’ conducted in 2005 were simply shocking. The study revealed that 96% of Australian families lack enough life insurance cover that will protect their families for 10 years or more. Another research conducted in 2007 revealed that Australia is one of the most underinsured nations in the world. It ranks 16th for life insurance penetration and density. Underinsurance problem is not only for life insurance, it is also for income protection insurance.



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Individuals risk has been flowing down like water as their private medical cover by not being very loyal to their workplace or health insurance services if they have been made redundant, resign or retire.