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UK General launches bespoke IP product

Specialist insurer UK General has designed an income protection policy which halves the typical claims qualifying period to 60 days.

The policy has been developed with protection firm Best Insurance, and is tailored to the IP cover features clients say are most important to them.

The product offers up to 30 days’ holiday allowance between jobs, and cover during a new job’s probationary period.

It also has a reduced claims qualifying period of 60 days – meaning policyholders need only to have worked for 60 days before being allowed to claim. UK General say the claims qualifying period is typically between 120 and 150 days for other providers.

Legal expenses are covered up to £25,000 and policyholders are also given access to a legal helpline.

Best Insurance director Kesh Thukaram says: “We looked at various underwriters and found that UK General was extremely enthusiastic about tailoring an innovative product based on extensive customer feedback and understanding customers’ core requirements.

“It has given us flexibility to develop a product from the ground up, which goes beyond standard policy wordings and is a true reflection of what customers need and want in an IP product.”

UK General managing director Karen Beales says: “Developing the IP scheme with Best Insurance was a genuine partnership and one in which we could use our knowledge and capability to build a bespoke product they knew customers would respond well to.”

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