Insurance customers ignore 85% of the information sent to them by providers, according to research from SunLife.
The insurer said on average insurance products come with "more than 25,000 words of explanation written in PhD level language." SunLife has found that if customers were every insurance policy we're sent in full, they would spend an entire month of their lives reading about insurance. The average reader should take between three and three and a half hours to understand the average life, health, home and travel insurance documents, in general customers are just actually spending 27 minutes reading...
Private medical insurer The Exeter has added a range of prestigious hospitals in central London to the hospital list for its Health Cover for Me and Health Choices for Me plans.
In the famous words of Benjamin Franklin, in this world nothing can be said to be certain except death and taxes. Many mistakenly believe, however, that inheritance is the same.
Aegon UK has today published claims data which shows a total of £123.4 million was paid in claims for life (including terminal illness), critical illness (CI) and income protection (IP), helping more than 1,300 families and businesses in 2016.
Aviva Ventures, Aviva plc's venture capital arm, has invested in Owlstone Medical Ltd, a medical diagnostics company developing a breathalyser that can detect diseases at a very early stage.