What is a Product Disclosure Statement (PDS) and why it matters
A PDS is one of the most important documents you'll receive when taking out insurance. Here's how to read one and what to look for.
When comparing insurers, premium is the easiest number to look at — but it is far from the whole story.
What to compare
- Definitions — how conditions and disability are defined in the PDS.
- Claims record — published claims-paid ratios and timeframes.
- Exclusions — what is carved out of cover.
- Service — reputation for support during a claim.
Our company directory brings ratings, specialties and reviews together so you can compare at a glance, then read the detailed PDS for each shortlisted product.