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British Insurance launches new MPPI

British Insurance has launched a new mortgage payment protection insurance product which will be underwritten by Norwich Union and distributed by Paymentshield.

The insurance is level rated and underwriting does not take into account age, occupation or gender. Disability cover and unemployment cover costs £1.95 per £100 of cover individually or £2.95 per £100 of cover for both.

Managing director Simon Burgess says the policy offers cover for monthly payments including related life and home insurance premiums and an extra 25 per cent of optional cover is also available as long as the total benefit is no more than £1500 or £75 per cent of an applicant’s income.

Burgess says: “MPPI is sold by high street providers as a money making venture rather than a value added protection policy. By taking a little bit of time to seek out MPPI that is independent of the mortgage they are signing up to borrowers can save themselves tens of thousands of pounds.”


Hales joins Simply Biz advisory board

Former Chartered Insurance Institute president Peter Hales has joined the Simply Biz advisory board.The board is designed to help oversee the strategic direction of the Simply Biz group.The company says it approached Hales because of his vast experience of financial services, having been an executive director at Norwich Union and been involved with industry bodies […]

India’s economic growth rate boom

India’s economic growth rate hit 7 per cent per annum over the last five years, earning it a place among the fastest growing economies in the world, according to Halifax.

Student union

It has recently been announced that the UK is enjoying the lowest level of unemployment for many years. The figure still exceeds 1.2 million and there are some of us around who can remember when a figure of one million caused a political storm. Perhaps today we must accept such figures and celebrate the fact that they are no higher.

Pot luck

The significance of at-retirement planning is still lost on many people

Health - thumbnail

Absence management systems gone AWOL from UK’s SMEs, reports Jelf

A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.


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