Individual Protection

Bright Grey has released a stand alone Relevant Life Policy aimed at small to medium sized enterprises (SMEs).

Bright Grey paid nine in every 10 critical illness (CI) claims in the first half of 2009.

The FSA today ordered firms reopen about 185,000 previously-rejected payment protection insurance (PPI) complaints and reassess them.

As many as 16.5 million (35%) of Britons believe the State welfare system provides an adequate safety net for a modern standard of living according to Scottish Provident.

Unum has announced the launch of a free ‘Assistance Programme' called Unum LifeWorks for all new and existing holders of its individual income protection (IP) policies.

Scottish Provident paid out on 93% of all claims assessments concluded between January and June 2009 (an increase of six percentage points on the first half of 2008).

A growing number of insurers are mulling introducing a mixed commission option for advisers selling their protection products.

Aviva paid out more than £140m in critical illness (CI) and life insurance claims during the first half of the year.

ASDA has announced plans to triple the number of customers covered by its over 50s life insurance plan.

Insurers are being praised for answering industry calls to cut premiums on protection policies where exclusions apply.