Life insurance prices tipped to leap 25pc THE head of the biggest pure-play life insurer has warned of policy price increases of at least 25 per cent next year, as providers struggle to come to terms with a surge in disability-related claims. After an annus horribilis this year, Tower Australia (TAL) chief executive Jim Minto said industry conditions were likely to deteriorate as the economy flat-lined and savvy consumers chased policy claims they otherwise would never have made.