AIG Life partners with RBS to provide 'simplified' protection

clock • 1 min read

AIG Life is the new sole provider of protection products for Royal Bank of Scotland, NatWest and Ulster NI banking customers.

  RBS and AIG have been working together to design a simple protection proposition for bank customers.  Most customers will be asked just 11 questions with the majority being offered instant cover without the need for medical evidence.  The products available from this week's launch will be Life Insurance; Critical 3 with Life and a guaranteed acceptance whole of life insurance product called Guaranteed Sixty Plus. This includes a protected insurance feature so customers who have paid half the premiums due before their 90th birthday receive a partial payout even if they stop pay...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Individual Protection

Providers 'can do much more' for later life care: Vitality

Providers 'can do much more' for later life care: Vitality

41% of adults worried about affording care costs

Jaskeet Briah
clock 03 May 2024 • 1 min read
Women in Protection 2024: Morning round-up

Women in Protection 2024: Morning round-up

CEOs more likely to be called Simon or Andrew than be female

Jaskeet Briah
clock 02 May 2024 • 3 min read
Probate delays jump 65% for year-long cases

Probate delays jump 65% for year-long cases

Cases taking over six months rose 112%

Jaskeet Briah
clock 23 April 2024 • 2 min read