Companies using Royal & SunAlliance's (RSA) new group life product are able to insure members for be...
Companies using Royal & SunAlliance's (RSA) new group life product are able to insure members for benefits that are in excess of the £95,400 earnings cap fixed by the Inland Revenue.
The new product can be used in conjunction with RSA's group life portfolio and customers who already hold an RSA-unapproved top-up policy will be given the option of keeping their existing contract, changing to the new contract or terminating their existing scheme to new members, with new customers becoming members of the new contract.
Peter Anderson, corporate market leader at RSA, said: 'After listening to feedback from IFAs, it became obvious that improving certain features of our existing unapproved group life product would encourage more IFAs to choose RSA for their group risk solutions.'
He continued: 'We have launched an improved product that we believe addresses all the issues raised.'
