AIG Life has brought in underwriting changes in a bid to speed up the application process for customers.
The rules on AIG Life's underwriting engine will increase online acceptances and reduce the number of GP reports it needs. New diabetes rules will 'halve' the number of questions the insurer asks. The default for blood tests is now "non-fasting" meaning that customers no longer need to book morning appointments and won't have to cancel if they've forgotten to fast. Vicky Churcher, Intermediary Director at AIG Life said, "Imagine you were applying for life cover and had a blood test booked....
There will be no further increases to Insurance Premium Tax (IPT) this year, the Autumn Budget 2017 has revealed.
The government will immediately give NHS trusts £350 million to allow them to plan for the winter, Chancellor Philip Hammond has announced in the Autumn Budget.
British Friendly has introduced an online Adviser Toolkit to encourage income protection sales.
Zurich has launched a 'selfie' app called FaceQuote which estimates how much life cover someone might need.