Vijay Raj has the following Educational
Qualifications and Experience:
Master of Business Administration
Advance Diploma in Financial
Diploma in Insurance Broking
Vijay Raj holds the following:
Member of NIBA and Steadfast Group Vijay Raj is an Authorised Representative of :
National Adviser Services Pty Ltd trading as NAS Insurance Brokers
AFS Licence No : 233750
ABN : 60 096 916 184
Address : Unit 3, 45 Ord Street, West Perth Western Australia 6005
Telephone : (08) 9480 8900
Facsimile : (08) 9481 1166
Email : firstname.lastname@example.org
NAS Insurance Brokers holds an Australian Financial Services Licence
under the Corporations Act 2001 to provide financial product advice on,
and deal in, general insurance products. We are a member of the National
Insurance Brokers Association (NIBA) as well as the Steadfast Group
Limited (Steadfast). We subscribe to the General Insurance Brokers' Code
Professional Indemnity (PI) Insurance Cover
Select Insurance (Australia) Pty Ltd confirms that it has arrangements in
place to ensure it continues to maintain Professional Indemnity (PI)
insurance in accordance with s.912B of the Corporations Act 2001 (as
amended). In particular our PI insurance, subject to its terms and
conditions, provides indemnity for Select Insurance (Australia) Pty Ltd , our
staff and our authorised representatives in respect of our authorisations
and obligations under our AFSL. This insurance will continue to provide
such coverage for any employee or authorised representative who has
ceased work with Select Insurance (Australia) Pty Ltd for work done whilst
engaged with us.
Financial Services Guide (FSG)
This is an important document. Please read it carefully and keep it in a
safe place.This FSG (valid from 24-Feb-14) is designed to assist you in
deciding whether to use any of the services
We are able to receive your instructions personally or by phone, fax,
email or letter.
Financial services and products we are authorised to
A range of products for retail clients including but not limited to:
Motor Vehicle, Home Building, Home Contents, Sickness and Accident,
Marine Hull, Travel.
A range of products for commercial clients including but not limited to:
Commercial Insurance, Liability, Professional Indemnity, Directors &
Officers, Tax Audit, Marine Transit and Marine Cargo, Motor Fleet and
Relationships, Associations, Referrals
There are no specific relationships, associations or referrals existing
which have influenced the provision of any product. NAS Insurance
Brokers is a wholly owned subsidiary of Insurance Australia Limited.
Generally we are paid a commission by the insurer for arranging the
policy. Commission is a percentage of the premium less stamp duty, fire
services levy, GST and any other government charges, taxes, fees or
levies. The commission rate depends on the policy and insurer; it
generally is in the range from 0% - 25% but some products may attract
up to 40%. We may also charge you a fee to cover our administration costs as well
as receiving commission from the insurer.
We may elect to charge you a Fee for Service instead of receiving
commission from the insurer. Fees for Service are based on the
complexity of the advice given, arranging and placing the recommended
program and other services which we may agree upon.
In addition to the above we may receive commission from a premium
funder if we arrange this service on your behalf. Premium funding
products enable you to pay your premiums by instalments. Premium
funders do charge interest. The commission we receive is usually
calculated as a percentage of the premium and may be up to 3%. NAS
Insurance Brokers and their authorised representatives may receive an
override commission from premium funding organisations.
Select Insurance (Australia) Pty Ltd may also receive a portion of an
overrider from various insurance companies as provided by NAS'
membership of Steadfast.
Where a third party has referred you to us, we may share part of our fee
with them or pay an agreed referral rate. We will pay the third party out
of our commission or fees and not in addition to those amounts. Select
Insurance (Australia) Pty Ltd will provide a Statement of Advice or a
Remuneration Report which will provide the dollar amounts paid to the
NAS receives standard bank interest from its trust account funds from
monies collected from you and remitted to insurers. Any interest shall be
entirely to our benefit.
Cancellation and Refunds
In the event of a refund for the cancellation or adjustment of a policy, we
reserve the right to retain any fee we have charged you as well as
commission received from the insurer, as we deem that these were
earned at inception.
What should I do if I have a complaint?
If you have any complaints about the service provided to you, you
should take the following steps
Contact us and tell us about your complaint.
If your complaint is not satisfactorily resolved within 24 hours,
please contact our Complaints Officer on telephone number
(08) 9480 8900 or put your complaint in writing and send it to
NAS Insurance Brokers at Unit 3, 45 Ord Street, West Perth
If the complaint can't be resolved to your satisfaction within 21
days, you have the right to refer the matter to Financial
Ombudsman Service (FOS). They can be contacted on 1300
780 808 or you can write to them at GPO Box 3, Melbourne VIC
3001, or email on email@example.com.
The privacy of your personal information is important to us. We collect
personal information to ensure that we are able to provide you with the
products and services most appropriate to your needs.
We have adopted the principles set out in the Privacy Amendment
(Enhancing Privacy Protection) Act 2012 as part of our continuing
commitment to client service and maintenance of client confidentiality. For
www.nasinsurance.com.au or contact Vijay Raj.
Terms of Business
By choosing to place your general insurance policy through Select
Insurance (Australia) Pty Ltd, an Authorised Representative of NAS
Insurance Brokers, you become a client of NAS Insurance Brokers.
By accepting a quotation and instructing Select Insurance (Australia) Pty
Ltd to arrange a policy for you, you are appointing Select Insurance
(Australia) Pty Ltd, an Authorised Representative of NAS, as your broker
and agree to the following terms of business.
You have received a copy of this notice because you are a client of NAS
Insurance Brokers. It is deemed that you have read, understood and
accepted these terms of business unless arrangements to the contrary
have been made with the directors of NAS Insurance Brokers.
Duty of Disclosure
You have a duty of disclosure whenever you apply for, change or renew an
insurance policy and you must ensure that you read and comply with the
duty contained in application forms, proposal forms, invoices and renewal
Completion of insurance forms
You understand that all documents relating to insurance contracts should
be completed in your own handwriting, however at times this may be done
by NAS Insurance Brokers with your consent. It is your responsibility to
ensure that all answers and details disclosed are true and correct. You
discharge NAS Insurance Brokers of all and/or any liability in this regard.
You agree to pay the total premium (insurer's risk premium and fee,
government duties and broker fee) on any insurance policy effected by
NAS Insurance Brokers with your authority, within the payment terms
stated on the invoice from NAS Insurance Brokers. NAS Insurance
Brokers will charge a fee for credit card transactions. You agree that
NAS Insurance Brokers may use any claim monies for outstanding
premiums as required. You agree that Brokerage and/or Administration
Fee (broker's/representative's income) on any insurance policy
transacted with your authority are
You acknowledge that the Brokerage and/or
Administration Fee are owed if the dealing is incomplete by your fault,
however if by other cause such as the insurer then the Brokerage and/or
Administration Fee will be proportionate to the work involved.
The services provided by NAS Insurance Brokers to you extend to
registering claims and to representing the insured in correspondence
between the insured and the insurer and where possible to reinstate
Where the provision of an insurance service involves excessive time
being allocated to providing that service NAS Insurance Brokers may,
subject to agreement between the parties, charge a fee for the service.
Unless otherwise agreed in writing prior to the expiry date NAS
Insurance Brokers at its discretion may renew each policy of a
renewable nature for its usual term.
NAS Insurance Brokers has a network of Accredited Introducers and
therefore declare in accordance with the "secret commissions
legislation" that they may in certain circumstances receive a portion of
our income for your introduction likewise we may seek some referral
income if we refer you to another business.
Either party may terminate this appointment by written notice of not less
than 30 days to the other. Such notice is to include the reason for the
termination together with an opportunity to redress if requested.
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