Bupa has upgraded its group income protection product with changes including improved free cover levels, simplified and higher maximum benefits, improved advance underwriting and increased non-medical limits.
Maximum free cover levels will now be £65,000 for schemes with 10-99 lives, £75,000 for schemes of 100-299 lives and £90,000 for 300 or more.
The maximum benefit formula will be 75 per cent of salary minus the state single person's long-term incapacity benefit subject to an overall maximum of £175,000.
The company says members accepted at ordinary rates on standard terms will not be underwritten again for five years unless their benefit increases by more than 10 per cent, which it says means that fewer members will need to have medical exams.
The changes are just the start of the work that Bupa says it is doing to make its group protection more competitive in the market and to offer greater choice.
Director of group risk Graham Clark says: “Bupa is committed to the group protection market, demonstrated by the recruitment of a new team of people earlier in the year to enhance its expertise in this area. The package of changes to our group income protection offering is just the start of the work we are undertaking to make Bupa group protection more competitive in the market and offer greater choice to advisers and their clients.”