- Home ►
- About Us ▼
- Strong sector ▼
- Membership ▼
- Media & Publications ▼
- Events ▼
Here are four kids explaining how they were forced to urinate on the floor of "isolation rooms" in Victorian prison… twitter.com/i/web/status/8…
"It is important not to abandon our commitment to a humane, age-appropriate youth justice system." twitter.com/CCYPVictoria/s…
Warnings a large number of people living with serious mental health conditions could miss out under the NDIS.… twitter.com/i/web/status/8…
Document published on 27 February 2017
People on low incomes are the most vulnerable to financial stress and hardship and the least prepared to respond to cost-of-living pressures and other financially stressful life events. They have the least resources to recover from loss, but are least able to afford the protection and security that can be provided by insurance.
They face significantly lower levels of financial resilience and inclusion, increasing the likelihood that they are under- or non-insured. Financial education, access to financial products, and ensuring financial inclusion policies and practices are adopted by the insurance industry can support financial resilience and encourage the uptake of insurance among people living on low incomes.
In addition, the insurance products available to this group are both unaffordable and inaccessible. The lack of appropriate products, including insurance for individual items or goods, alongside the increasing cost of insurance and the lack of flexibility in payment options, puts this protective mechanism out of reach. Increasing affordability and accessibility can ensure that products are fit for purpose and ensure that people protected against loss.Download this document (DOC) Download this document (PDF)