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...
From PPI to the credit crunch
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A fixed pay-out of £2,500