AXA Australia
AXA - Group Insurance and Corporate Overview
AXA Australia
AXA Australia has been helping Australians provide for their
financial future for over 100 years. AXA Australia has over A$75
billion funds under management and with over 1,500 advisers and
close to 2,000 employees is a leading provider of wealth management
and financial protection products and services.
Global AXA Group
AXA SA (France) is a 51% majority shareholder of AXA Asia Pacific
Holdings Limited (AXA AAPH). The Global AXA Group is one of the
largest financial services groups in the world. With an enviable
track record in meeting the superannuation, investment and
insurance needs of more than 65 million customers worldwide and has
in excess of A$1.6 trillion funds under management. Forbes has
ranked the AXA Group one of the 20th largest company in the world
based on sales, profits, assets and market value and is currently
the world�s 2nd largest insurer.
AXA Australia Group Insurance
AXA has been a key player in the Australian Group Insurance market
for over 30 years and today provides cover for more than 600,000
Australians. We remain the long term insurer of choice for a large
number of Australia�s most renowned and respected companies.
AXA regularly invests resources within our Group Insurance business
as we continually strive to take our offer to the next level. This
investment is backed by one of Australia�s highest performing
project management offices with outstanding execution capabilities.
Our offer is built not only on a firm understanding of the
fundamentals of this specialised area of risk insurance, but on a
firm understanding of our clients. Insurance is the core
fundamental business for AXA in Australia and globally. AXA has a
group insurance portfolio of approximately $170m in annual inforce
premium, from over 500 plans. AXA holds the most diversified group
insurance portfolio in the Australian market.
AXA has over 100 staff working in the group insurance area, spread
across administration, claims, actuarial services, product,
underwriting, client service management and business development
management. AXA's stated target market is corporate business and
has considerable experience in this segment. This experience,
supported by our evolving capabilities and specialist resources
makes AXA an ideal organisation for any company to partner with as
a proven and trustworthy group insurance provider.
typical benefit plan
Australia - Standard
Benefits
Term Life/ AD&D
- x% times salary times years and complete months to expiry age
(usually 65). Where x is normally in the range of 10 to 25%.
- x times salary. Where x can range from 2 - 6 times salary. We
don't come across much higher multiples than this.
- Fixed amount. For example $300,000.
- Age based units of cover where pricing is based on a $ per
week basis.
Have a good mix of the above benefit basis within their
insurance plans, however, the most common is probably the x
times salary x future years service.
In addition, all cover must fall within their maximum levels of
cover.
Inpatient/Hospitalization & Surgical
Do not provide health insurance.
Outpatient/Hospitalization & Surgical
Do not provide health insurance.