Beauticians Insurance Online :: News
SHARE

Share this news item!

Australian Insurers Address Surge in Mental Health Claims

Industry Re-evaluates Policies Amid Increasing Mental Health-Related Claims

Australian Insurers Address Surge in Mental Health Claims?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Australian insurance industry is facing unprecedented challenges due to a significant rise in mental health-related claims.
The Council of Australian Life Insurers reports that mental health has become the leading cause of total and permanent disability claims, accounting for nearly one in three payouts.

In the past year alone, life insurers paid $2.2 billion for retail mental health claims, nearly doubling the amount from 2020. This surge is particularly pronounced among Australians in their 30s, with total and permanent disability claims in this age group increasing by 732% over the past decade.

Christine Cupitt, CEO of the Council of Australian Life Insurers, emphasises the strain on the entire safety net, noting that more individuals, especially younger Australians, are leaving the workforce permanently due to mental health conditions. This trend necessitates a comprehensive reassessment of how insurers support customers facing mental health challenges.

For beauty industry professionals, this development underscores the importance of comprehensive insurance coverage that includes mental health support. As the industry evolves to address these challenges, beauticians should stay informed about policy changes and ensure their coverage adequately protects against potential mental health-related claims.

Published:Tuesday, 9th Dec 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Insurance News

Australian Insurtech Startups: Pioneering the Future of Insurance
Australian Insurtech Startups: Pioneering the Future of Insurance
09 Dec 2025: Paige Estritori
The Australian insurtech sector is experiencing significant growth, with startups introducing innovative solutions that enhance efficiency, security, and customer engagement within the insurance industry. A recent report titled 'Insurtech Down Under: Trends, Tech and Triumphs' highlights the pivotal role these companies play in reshaping the market. - read more
Australian Insurers Address Surge in Mental Health Claims
Australian Insurers Address Surge in Mental Health Claims
09 Dec 2025: Paige Estritori
The Australian insurance industry is facing unprecedented challenges due to a significant rise in mental health-related claims. The Council of Australian Life Insurers reports that mental health has become the leading cause of total and permanent disability claims, accounting for nearly one in three payouts. - read more
Calls for Overhaul in Australian Insurance Claims Handling Processes
Calls for Overhaul in Australian Insurance Claims Handling Processes
09 Dec 2025: Paige Estritori
Australian consumer advocacy groups are intensifying their calls for substantial reforms in the insurance industry's claims handling processes. The Australian Consumers Insurance Lobby (ACIL) has criticised the current system, highlighting ongoing issues that compromise consumer outcomes. - read more
Businesses Advocate for Reforms Amid Rising Insurance Premiums
Businesses Advocate for Reforms Amid Rising Insurance Premiums
01 Dec 2025: Paige Estritori
The Australian Chamber of Commerce and Industry, in collaboration with the Insurance Council of Australia, has released a report highlighting the urgent need for coordinated reforms to address the escalating insurance premiums affecting small and medium-sized enterprises (SMEs). The report underscores that soaring premiums are compelling many SMEs, including beauty salons, to either forgo insurance or reduce coverage, posing significant risks to their operations. - read more
AFCA Determines Home-Based Waxing Salon Is a Business
AFCA Determines Home-Based Waxing Salon Is a Business
01 Dec 2025: Paige Estritori
The Australian Financial Complaints Authority (AFCA) recently ruled that a home-based waxing salon operated by a Suncorp customer constitutes a business, not merely a hobby. This decision has significant implications for beauticians managing home-based operations, particularly concerning insurance disclosures and compliance. - read more


Beauticians Insurance Articles

The Importance of Contents Insurance for Hair and Beauty Salons
The Importance of Contents Insurance for Hair and Beauty Salons
Welcome to the world of contents insurance tailored just for hair and beauty salons. In the dynamic beauty industry, protecting your trade’s lifeblood—your equipment and products—is crucial. This type of insurance offers peace of mind by safeguarding the tools that keep your salon buzzing. - read more
Making Informed Choices: A Guide to Liability Coverage for Beauty Professionals
Making Informed Choices: A Guide to Liability Coverage for Beauty Professionals
If you're working in the beauty industry, you know that every client walks in with trust that they'll leave not only looking great but feeling great too. With every service, comes the responsibility to maintain that trust, ensuring you’ve covered all bases, especially when it comes to liability. Liability coverage is more than just a safety net; it's a crucial part of protecting your business and maintaining peace of mind in your professional journey. - read more
How to Choose the Right Income Protection Policy as a Beautician
How to Choose the Right Income Protection Policy as a Beautician
Welcome, beauty professionals, to a discussion that could significantly impact your financial future—income protection insurance. As a beautician, your hands-on work is your livelihood, making it imperative to safeguard that income against unforeseen circumstances. - read more


Your hospitality insurance quote starts here!

First Name:
Postcode:

All insurance quotes are provided free and without obligation by a Specialist from our National Broker referral panel. See our Privacy Statement for more details.


Knowledgebase
Replacement Cost:
The amount it would cost to replace or rebuild an insured asset with one of similar kind and quality, without depreciation.