PG Mutual sales rise by 34%

Membership up 12%

Adam Saville
clock • 2 min read

A record increase for the second year running and 96% claims paid

Income protection specialist PG Mutual increased new policy sales by 34% and membership grew 12% during 2018. It paid 96% of claims last year, totalling £977,798. Last February, the mutual introduced three new membership benefits to its 'income protection plus' scheme, including an enhanced loyalty bonus - a minimum lump sum benefit of £10,000 to family as well as six months of income cover if they die before the maturity of the policy - alongside free access to a 24/7 UK based GP via online app and free access to confidential telephone counselling and helpline service.   PG Mutual's ...

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 Income Protection

Working2Wellbeing joins IPTF

Working2Wellbeing joins IPTF

Eighth member for 2025

Cameron Roberts
clock 04 April 2025 • 1 min read
The return of redundancy cover and its importance

The return of redundancy cover and its importance

Demand looks set to remain high

Kesh Thukaram
clock 02 April 2025 • 3 min read
Interactive video: Addressing client income protection concerns

Interactive video: Addressing client income protection concerns

How do you engage with clients to help them understand the value of income protection?

Scottish Widows
clock 14 March 2025 • 1 min read