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CBA CommInsure Class Action Investigation

If you obtained a Comminsure life or income protection insurance policy through a financial adviser licensed by CBA, you may have been wrongfully overcharged.

Shine Lawyers is investigating a class action on behalf of thousands of Comminsure policy holders; we believe they may have been unlawfully overcharged and should be fairly compensated.


What is the CBA CommInsure Class Action Investigation about?

Shine Lawyers is investigating a class action on behalf of people who obtained Comminsure life or income protection policies through financial advisers appointed by:

  • Commonwealth Financial Planning Limited (CFPL)
  • Financial Wisdom Limited (FWL)
  • BW Financial Advice (BWFA)

It is alleged that these financial advisers, who may have operated under other business names:

  • Did not act in their clients’ best interests, by failing to inform their clients that they could obtain substantially similar or better insurance policies from alternative insurers for lower premiums
  • Were incentivised through commissions and other financial and non-financial benefits to recommend insurance through CBA’s related party Comminsure Limited, resulting in their clients paying unfairly higher premiums

We believe these clients should be compensated for the excess premiums they paid as a result of this unethical financial advice and conduct.

Important Information

CFPL, FWL and BWFA are all related licensees of the Commonwealth Bank of Australian (CBA)

Comminsure’s policies may include death, TPD, trauma, income protection and/or business protection insurance.

Can I join the CBA CommInsure Class Action Investigation?

You may be eligible for compensation as a member of the CBA CommInsure Class Action if:

You obtained a Comminsure policy (which includes death, TPD, trauma, income protection and business protection insurance) through the following licensees and their authorised representatives:
  • Commonwealth Financial Planning Limited
  • Financial Wisdom Limited
  • BW Financial Advice (prior to 2016)
Please note that financial advisers providing Comminsure policies may have operated under different names to the above. If you are not certain whether your adviser was a part of one of the above licensees, please either register or contact us so that a member of our team can help you to verify whether your policy is eligible.
Your policy is described as:
  • Comminsure Protect*
  • Total Care*
  • Life Risk Insurance*
  • Life Care*
  • Investment Life Insurance*
*Your Comminsure insurance policy may be described differently to the above. If you have a current Comminsure life or income protection policy, or previously held such a policy after 1 September 2014, please either register or contact us so that a member of our team can help you to verify whether your policy is eligible.

If you answered yes to the above, you may be entitled to compensation, and you are encouraged to register for the CBA CommInsure Class Action Investigation.

How to register for the CBA CommInsure Class Action Investigation

To register your interest in the CBA CommInsure Class Action Investigation on a no-cost, no-obligation basis, please click the 'Register Now' button below to fill out the registration form.

If you have any questions or require any assistance in registering for the class action, please contact our CBA CommInsure Class Action Investigation team on 1800 325 172.

Who is Shine Lawyers’ Class Action team?

Shine Lawyers’ Class Action team includes some of the firm’s most experienced special counsel, solicitors and support staff, including law clerks and paralegals. The team includes:

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