Norwich Union has warned that too many people are risking their families' financial security by not ...
Norwich Union has warned that too many people are risking their families' financial security by not successfully completing application forms.
A study based on non-disclosure cases outlined five key areas people fail to disclose when applying.
They included failing to detail treatment received for multiple sclerosis, double vision, numbness or giddiness; failing to declare current medical treatment or attention received or pending. Policyholders also failed to declare smoking status, alcohol consumption or advise to reduce alcohol consumption; as well as whether they had had episodes of depression or received any treatment over the past year.
The provider said a common myth is that an insurer will automatically get full medical records when a policy is taken out. However, insurers rely on applicants to share all the information they are asked for.
