Which life insurers are offering COVID-19 financial help?

As of 27 May

Adam Saville
clock • 12 min read

Some insurers have increased flexibility around premium payments for people struggling financially

The dawn of the coronavirus pandemic brought with it calls for greater flexibility from leading industry members, as policyholders face testing times ahead financially. On 24 March, the Protection Distributors Group (PDG) urged the life insurance industry to "work together" to keep policies alive during coronavirus. In order to help customers who may be considering cancelling their policies at this time, the industry body suggested solutions such as payment holidays without additional underwriting, enhanced career breaks for income protection and waiving premiums in exchange for a sum...

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

Life insurance policies including CIC up 11%

Life insurance policies including CIC up 11%

Rise in joint policies

Jaskeet Briah
clock 27 March 2026 • 2 min read
MorganAsh launches vulnerable customer calculator

MorganAsh launches vulnerable customer calculator

Covers 20 of the most common vulnerabilities

Jaskeet Briah
clock 26 March 2026 • 2 min read
Vitality launches healthcare partnership with Boots

Vitality launches healthcare partnership with Boots

Follows rising demand for primary care

Jaskeet Briah
clock 13 March 2026 • 2 min read