View more on these topics

Pru Protect adds IP plans and life cover for HIV

Pru Protect has launched two new income protection products and has extended
its life cover to include people living with HIV.

The new IP products include comprehensive cover, a lifestyle protection
product, and primary cover, a cheaper alternative to the comprehensive
cover.

Both products allow clients to define their own occupation, include optional
unemployment cover, back to work benefits and allow advisers access to
details of underwriting decisions. If policyholder’s earnings are evidenced
at the application stage no further information about their salary prior to
claim is needed.

State benefits are not deducted under both plans, and policyholders have
access to an online state benefits calculator. For self-employed lives there
is a seven-day waiting period before they receive a payout. The difference
between the two IP plans is the level of cover, which varies on back to work
benefit, recovery benefit and percentage of salary.

The extension of its life cover to include people living with HIV, the first
of its kind in the UK market, provides £250,000 life cover over a maximum of
10 years for people who have started Highly Active Anti-Retroviral Therapy
treatment in the last five years.

Income Protection Task Force co-chairman Peter Le Beau says: “From a task
force perspective it is really positive news to see real innovation in the
individual income protection market. It is likely to have a real impact on
market practice and it looks a very saleable plan.”

Recommended

FTSE hit by swine flu fears

The FTSE 100 opened lower this morning at 4,133 down from Friday’s close of 4,156 with news of Mexico’s swine flu epidemic sending London equities tumbling.

Witan ups equity and fixed interest exposure

The £983m Witan investment trust has increased its gearing level from zero to 6% to add to its exposure to British equities and fixed income. The global growth trust, which has a multi-manager structure, has added to its UK exposure through a £20m investment into two existing mandates run by Artemis and Marathon Asset Management. […]

Neptune video: Indian valuations and Modi’s pro-investment agenda

Kunal Desai, Head of Indian Equities, discusses his expectations for the Indian market and highlights the key indicators that he is watching for 2015.

In the video, Kunal addresses:

• Indian equity valuations and the importance of stock selection in gaining exposure to the earnings upgrade cycle

• The BJP’s strengthening ambition in its pro-reform, pro-investment agenda

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