Term Assurance

Zurich has enhanced its protection products for clients who may need to make alterations to existing cover when their circumstances change.

Less than half the adult population have life insurance cover, and few have ever switched their life insurance provider, meaning that as a nation we are under-insured and could well be over-paying for inadequate cover, according to new research.

Claims against life and pensions intermediaries fell by a quarter last year according to the Financial Services Compensation Scheme (FSCS).

Death claims should be paid quicker and the protection industry needs to support its existing customers better, says Munich Re.

Pulse Insurance has launched a policy offering up to £200,000 of accidental death cover and either £10,000 or £25,000 life cover - without a doctor's report or medical examination.

Legal & General is offering indexation on life insurance, critical illness and income protection products on a ‘pay as you go' basis, and giving advisers an up-lift in commission of 10% LIC for introducing business with an indexation option.

The reinsurer has reported an increase in sales of new term assurance, critical illness and whole life insurance in 2009, while income protection sales fell. However, the ‘Protection Gap' has widened further.

Scottish Provident will see the majority of its life cover rates reduce after a repricing.

Rias has launched a new over 50s life assurance policy providing guaranteed cover with a cash lump sum payable on death.

Private medical insurance (PMI) complaints to the Financial Ombudsman Service (FOS) increased by 27% last year.