Individual Protection
AIG Life overhauls optional children’s CI cover including increased payouts
AIG Life has updated and cut the cost of optional child cover on its term assurance with critical illness (CI) plan. The insurer has returned to the maximum sum and percentage method...
Read moreSunak’s cost of living crisis failure could prompt delayed or cancelled cover, advisers warn
Protection insurance planning could come under greater scrutiny from customers as a result of chancellor Rishi Sunak's failure to properly address the country's cost of living crisis, advisers have warned. They also...
Read moreOBR predicts highest recorded fall in living standards as lack of Universal Credit support in Spring Statement a ‘bitter blow’
Britons will suffer their biggest fall in living standards on record during the next 12 months, the Office for Budget Responsibility (OBR) has predicted. And the agency warned that living standards may...
Read moreSunak hits low earners as NIC threshold up £3k and Income Tax cut planned
The National Insurance Contribution (NIC) lower threshold will be increased by £3,000 in July to bring it into line with the Income Tax personal allowance lower limit. However, the move has been...
Read moreInflation hits 30-year high and duration is a key factor
UK inflation hit a 30-year high of 6.2% in February as measured by the consumer prices index (CPI), up from 5.5% in the previous month. Insurers have warned that the duration of...
Read moreResearch underlines importance of gender balance among profession, advisers say
Advisers believe that research indicating women put more emphasis on building relationships with clients' families only underlines the importance of ensuring gender balance within the profession. Health & Protection spoke to a...
Read moreBlack Lives Matter and #MeToo prompting insurers to reassess ESG goals
Four in 10 insurance businesses across the global have reassessed their environmental, social, and governance (ESG) goals due to social trends such as the Black Lives Matter and #MeToo movements. This is...
Read moreLV= coronavirus protection claims top £19m
LV= has paid more than £19m towards coronavirus protection claims since the start of the pandemic, according to data from the mutual released to coincide with the second anniversary of the UK's...
Read moreAviva ups medical underwriting thresholds and eases Covid rules
Aviva has made a series of changes to its individual protection underwriting process including increasing its medical evidence age and sum assured thresholds and relaxing its Covid policy. On individual income protection...
Read moreRoyal London extends CI conditions for full and partial payments
Royal London has made changes to its critical illness cover (CIC) in a bid to pay more protection claims. Under the changes the mutual insurer has added two new definitions that pay...
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