DASH Technology Group (“DASH”) and MetLife Australia (“MetLife”) have partnered to create a new insurance solution that utilises technology to simplify how insurance is offered and applied for by Super Simplifier* customers. The solution leverages the cutting-edge DASH platform to streamline the insurance process for advisers.
The insurance solution utilises DASH’s investment platform to provide advisers with immediate access to quote, apply, view, and alter client insurance details, powered by the MetLife online application system.
Super Simplifier offers customers three life insurance options via MetLife:
- Life and Terminal Illness cover;
- Total and Permanent Disablement (TPD) cover; and
- Income Protection (IP) cover.
The MetLife insurance offer is designed specifically for members of Super Simplifier to include features such as:
- up to 75% replacement ratio plus up to 10% superannuation contributions for IP cover**;
- TPD payments do not offset IP payments; and
- Access to MetLife’s health and wellbeing offering, 360Health.
DASH Head of Distribution, Tim Rogers, says, “This insurance product is a simple, advised solution that is aimed at addressing the under-insurance problem amongst Australians.
“Many advisers have left the personal insurance advice space in more recent years due to growing complexity, but with this solution now in the market, they can deliver much needed personal insurance advice to everyday Australians who need it.”
Meray El-Khoury, Chief Insurance Officer, MetLife Australia, says, “We offer fit for purpose insurance products that are easy to access and deliver value, by leveraging digital solutions to help our customers build a more confident future. Working with DASH means we are able to make it quick and easy for advisers to secure insurance for their clients.”
*Super Simplifier issued by Equity Trustees Superannuation Limited (ETSL) ABN 50 055 641 757 AFSL 229757, is a personal superannuation account enabling you to build your preferred investment strategy in consultation with your authorised Financial Adviser.
**Subject to the minimum and maximum monthly benefit amounts.
About MetLife
MetLife Insurance Limited (MetLife), an affiliate of MetLife, Inc., is a specialist provider of life insurance to affinity partners, superannuation trustees and employers in Australia. MetLife has expertise in designing and executing direct insurance programs for partners’ customers and insurance solutions to meet the needs of specific member groups. MetLife has been a specialist provider of life risk insurance products in Australia since 2005. For more information, visit metlife.com.au.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates, is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit metlife.com.
About DASH Technology group
Historically the software, platform and even wealth management space has been dominated by a take it or leave it product approach. At DASH, our mission is to break down this culture, offering businesses of all shapes and sizes the opportunity to create an efficient, integrated and tailored advice experience for their clients.
We do this by using innovative tech to solve traditional gaps and scalability challenges. At DASH we are facilitating a different advice model to give more Australians access to the advice they need to navigate complex areas of financial planning and investment administration.