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...
'Whatever else changes in the world there are always lies, damned lies and insurance sales figures'
Totalling £3.4 million
52% y-o-y growth
As part of COVER’s new eBook in partnership with Royal London, we asked advisers about the barriers they frequently face when talking about protection – and what they do to jump over them
Ahead of Mental Health Awareness Week