Scottish Provident has repriced premium rates on its death and critical illness insurance plans and has redesigned its application form to prevent non-disclosure.
The provider has reduced the majority of rates but some have increased and intermediaries will receive an extra 10 per cent commission if they submit business online.
ScotProv’s protection insurance application form has been redesigned to reduce non-disclosure and changes include more thorough questions in the medical section and encouraging applicants to weigh and measure themselves.
There are also reminders on each page of the form to ensure the customer has provided accurate information and to consult a doctor if they are unsure.
Protection specialist Alan Savery says: “It is no secret that non-disclosure is an issue for the protection industry. We have one of the best records for the proportion of claims we pay and we want to bring rejection rates from non-disclosure down even further.
“These changes will make life much easier for intermediaries and their clients when applying and reduce the risk of an unsuccessful claim.”