National Friendly updates level reviewable premium options

The level reviewable premium plan also has the options of one year, two year and five-year benefit periods, with the hybrid reviewable rates fixed for five years. National Friendly said this compares to the industry standard of one year. At the end of each five-year period, premiums can change or remain the same depending on the business' overall IP claims experience, after which it will be fixed for another five years. The five-year level premium reviewable option will be available on technology platforms Iress and iPipeline. Kevin Doherty, head of sales, Bon Accord, said the new ...