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LLoyds broker launches DIS scheme

Lloyd&#39s of London broker PYV is launching a group death in service scheme for IFAs to target smaller firms.

Centryst has a minimum premium level of £250 and offers up to £500,000 of cover free from medical evidence subject to a minimum of 10 lives insured.

PYV says IFAs have tended to shun this end of the market when it comes to setting up DIS schemes because of high administration costs, but says Centryst will allow them to do so on a more affordable basis.

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