With no change in the Budget earlier this month to a planned increase in Insurance Premium Tax (IPT) to 12% from 1 June, AMII plans to use the AGM to announce a Parliamentary Petition action plan to raise public awareness about the impact of IPT increases.
Stuart Scullion, chairman of AMII said he believed that a petition with the names of consumers, employers and employees using private healthcare insurance and health cash plans would send a clear message: "Hands off health insurance premiums!" Scullion said that the Treasury has viewed IPT as "low hanging fruit for generating revenue with three increases in the last two years." AMII has a responsibility to lobby Government in the interests of health providers, intermediaries, employers, consumers...
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.
The official supplement of this year's COVER Excellence Awards is available to read now as an eBook.
Child cover within critical illness plans has assumed a far greater importance in recent years, writes CIExpert's Alan Lakey.
Holloway Friendly has widened its new online underwriting process allowing protection advisers to write both full and short term income protection business in minutes.