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Insurer called on to flesh out details of veggie-only cover

Bupa has questioned how Animal Friends Insurance intends to police its offer of discounted life insurance for vegetarians and ensure carnivores do not take out cover.

The not-for-profit insurer, which specialises in pet insurance, is offering 6 per cent discount on life premiums to vegetarians and fish-eaters.

It claims vegetarians are less likely to suffer from a range of chronic diseases and are subsidising meat-eaters.

Bupa individual protection product manager Steve Casey says people may claim to be vegetarian. He says: “It will be interesting to see how the company ascertains the applicants are genuine vegetarians and how it will police them.”

Animal Friends Insurance spokesman Pete Marcus says applicants will be taken broadly on trust.

Marcus says: “We take it on trust at application but if we discover it is untrue then the policy is invalid. We do not think many people will take that risk. There are ways, in a medical sense, to tell whether someone has been eating meat.”

Aegon Scottish Equitable PR manager Mark Locke says: “Some vegetarians do not have a healthy diet so we would not be rating people on diet alone.”


Bowes warns of dangers in plan for Isa equity switch

AWD Chase de Vere says the Government is being “duplicitous” with its Isa reforms and risks massive consumer detriment by not allowing a switch back from shares to cash.Investments manager Anna Bowes says the danger in the reforms, laid down last week, is that people are much more likely to take advantage of the move […]

BBA’s Angela Knight says FSCS “olive branch” is not enough

British Bankers’ Association chief executive Angela Knight has hit out at the FSA over its latest Financial Services Compensation Scheme reform announcement claiming the regulator has failed to address all her concerns.The FSA has changed some of its proposals to radically reform the FSCS by dropping plans for wholesale firms to contribute in a general […]

Canada Life reduces policy fee

Canada Life Group Insurance has announced its policy fee for business written through the eQuotes module of Class will reduce to £100.Canada Life says following the extension of eQuotes in April 2007, to allow intermediaries to complete the ‘on risk’ process online, this 66 per cent reduction in the policy fee reflects a sharing in […]

Trusts: Easier than you think?

Protection providers often extol the benefits of placing plans in trust. The advantages for clients are widely recognised and numerous – inheritance tax mitigation, avoiding probate delay, controlling claim proceeds, and so the long, familiar list continues. Yet, dismissed as unnecessary form-filling, or simply viewed as irrelevant in the context of a mortgage sale, less […]


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