With around 20% of Australians now retiring beyond the age of 65, we identified the need for a Personal Accident and Illness policy for this growing group of people.

In 2007, the average age at which employed people intended to retire was 64 years old. Since financial security is a key factor in many people's decision about when to retire, the global financial crisis, which has had an effect on superannuation balances and wealth, may cause some people to retire later than they had originally intended.