how low can this go?, page-36

I respectfully disagree.

The assets are considered "good" on the basis its currently considered acceptable to continue to sell very low quality policies through high pressure sales tactics and receive a commission in the process + trail commission with no additional service provided. Premium cost is not substantially cheaper, in many cases people pay more for lower quality cover.

Its also assumed it is still deemed acceptable to provide cover without medical details provided upfront, leading to people to misleadingly think that they are covered for any pre-existing conditions which will not be claimable in the future. In a lot of policies like this, people will obtain cover but not realise they were never eligible for the future claim although they are paying premiums...

For example. go through the PDS and things like trauma cover has 17 covered conditions, decent policies for similar premium rates cover upwards of 40. Also look at the exclusions etc then go compare with retail (underwritten) insurance policies.