Cirencester Friendly introduces minimum benefit guarantee for IP

Maximum of £1,500 a month

Jaskeet Briah
clock • 1 min read

Mutual provider, Cirencester Friendly, has introduced a minimum benefit guarantee for its income protection products, Income Assured and My Earnings.

The guarantee, which is of a maximum of £1,500 a month, is available to new and existing members on both products, it is also available for all new claims. Cirencester Friendly said the guarantee will come into force at claim if there is a discrepancy over earnings. For example, if a claimant has cover based on a monthly income of more than £1,500 but they are not currently earning that amount, they will be paid a minimum of £1,500. If the claimant is covered for a monthly amount of less than £1,500, there will be no change to their payments. The update means a policy will provide ...

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

National Friendly launches mortgage protection offering

National Friendly launches mortgage protection offering

Non-underwritten income protection

Jaskeet Briah
clock 06 October 2026 • 3 min read
IPTF releases final instalment of 7 Claims Stories

IPTF releases final instalment of 7 Claims Stories

What good claims handling looks like

Cameron Roberts
clock 05 October 2026 • 2 min read
Aviva expands AI underwriting to income protection

Aviva expands AI underwriting to income protection

Summarisation of medical reports

Jaskeet Briah
clock 30 September 2026 • 1 min read