Peter Larcombe had fled overseas in late 2015,having stolen $17 million of the proceeds of an alleged tax fraud.
Buying regular life insurance through your super is cheaper and might provide a better chance of a good payout if your family has to make a claim.
Internal emails obtained by the Herald show icare queried its own regulator's costs immediately before an investigation was launched.
As financial hardship and social isolation brought on by the COVID-19 pandemic exacerbate existing conditions,insurance companies say they will be wrestling with the issue for the foreseeable future.
Exclusions that would mean people who die from coronavirus are not covered by their life insurance have been waived for four super funds.
Clearview has lashed out at its competitors for price dumping insurance products to maintain market share,as it reported a 23 per cent fall in underlying profit.
The financial regulator has banned cold call selling of life and consumer credit insurance after CommInsure and others sold policies to those who didn't want,need or understand them.
Super funds that use related-party insurers could soon be required to confirm it's in the best interests of members,as the fallout from the Hayne inquiry rolls on.
The Commonwealth Bank is pleading guilty to selling life insurance to customers through unsolicited phone calls.
Watchdog will compare direct insurance and group cover and consider whether they offer"value for money"for consumers
ASIC says the products were often sold inappropriately,leaving many with worthless cover,while others were paying premiums for insurance they did not need.