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MediQuote and Swiss Life in group link-up

Online insurance portal Medi-Quote is teaming up with Swiss Life to offer a group protection comparative quotation system for IFAs.

The portal will enable intermediaries to generate quotations for group life, group income protection and group critical illness.

MediQuote says the portal will offer the products of at least three providers and it is in talks with Scottish Equitable, Unum and Canada Life to join Swiss Life on the panel. However, Bupa has ruled out joining the portal.

The service will be available to firms subscribing to MediQuote, which currently supplies quotations to 1,600 intermediaries for private medical insurance and cash plans.

MediQuote, owned by Sirius Financial Systems, is targeting the service at IFAs specialising in protection business for schemes of six to 100 lives.

MediQuote is testing the system with selected users and hopes to launch the system to IFAs at the start of April.

Business development director Mark Kimberling says: “There is no group protection comparative quotation system in the market so when it launches this will be a first.”

Swiss Life (UK) head of servicing Neil Southam says: “We are delighted to be working with MediQuote to enable group protection quotes and placement via an internet portal.”

Torquil Clark managing director Don Clark says: “This is a service that national IFAs with large amounts of corporate clients will be interested in as long as the quotes stand up.”

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