View more on these topics

Bupa relaunches income protection plan

Bupa has relaunched its individual income protection plan.

The plan now offers cover up to age 70 in line with changes to age discrimination legislation which allows people to work until later in life.

The firm has also simplified its mortgage outlay cover so that up to 140 percent of the initial mortgage benefit can be covered to help customers pay additional expenses such as council tax and utility bills.

If a policyholder’s dependant suffers from a condition covered by the plan the policyholder will now receive a lump sum benefit which may contribute towards their care.

The firm has also introduced a two year limited benefit period so, in order to help reduce premiums, benefits may be paid out for up to a maximum of two years following a claim.

The enhanced plan can be submitted online via Bupa’s recently launched extranet which turns around applications at an average of 20 minutes from initial decision to final acceptance.

Bupa Individual Protection product and marketing manager Steve Casey says: “We are delighted to be able to offer our flexible income protection product to our supporting intermediaries both online and on paper. The latest award of a five star rating for our income protection product from Defaqto also helps underline our commitment to offering quality products, at a competitive price whilst simplifying the process of submitting business.”

Recommended

“Mr Hocus Pocus” sacked from L&G

A manager at Legal & General has been sacked for earning money as a magician while being paid sick leave by the insurer.Resource planning manager Peter Hopkins was dismissed for gross misconduct after he was found to have performed at a children’s birthday party in April last year as “Mr Hocus Pocus”.An L&G colleague also […]

Greece lightning

Investor confidence is understandably fragile as the market gauges the extent of the fallout from the credit crisis. Hopes hinge on resolving the financial dislocation inthe developed markets but it is just as important that the emerging economies of Eastern Europe and Asia continue to perform well.

Private progress

Renting has traditionally been considered the domain of young singles or students, a perception which the buy-to-let market has helped to shift. It has been a little over 10 years since the concept of buy to let was introduced and we have since seen the market grow at an incredible rate.

Skipton group sees 13.6% rise in profits

Skipton Building Society Group reported a 13.6 per cent rise in pre-tax profits to £165.5m last year from £145.7m in 2006 . This included a one-off gain of £36m for the sale by Connells of the shares in property website Rightmove. Assets of the society and its 19 subsidiaries increased to £12.53bn from £10.6bn in […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com