L&G will now be able to sell Bupa’s Client Choice product to advisers, which offers a no-claims discount and moratorium underwriting in the same product. The product also offers three levels of cover and different underwriting options to suit all client needs.
Advisers will be offered training and online guides to help them add Bupa medical insurance to the range of services they offer.
L&G withdrew from the healthcare insurance market in 2007, having sold its book of business to Axa PPP to focus on housing-related insurance.
L&G managing director of housing Gary Burchett says: “We’re really pleased to be teaming up with a company of Bupa’s quality and expertise. It’s a natural next step to allow advisers to sell medical insurance and there are significant opportunities here for intermediaries to expand their revenue streams.”