My Insurance Hub News

The latest news from the HUB on protection and insurance

AIG now able to insure cancer survivors

Provider AIG Life has announced changes to their critical illness and income protection policies. After the news that they now deliver immediate life insurance decisions for cancer, they will now provide cover for cancer survivors under YourLife Income Protection and their Critical Illness Cover policy. Earlier in the year, AIG announced that customers can now
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Aviva revises Relevant Life cover

Since launching its exclusive Relevant Life product in 2016, there has been some confusion around the terms of the policy. To reassure customers and ensure transparency, Aviva has replaced the critical illness cover with a new “employee significant illness cover”. By working with key stakeholders, as well as HMRC themselves, Aviva has evolved the tax
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Congratulations to the “Pink Champagne” Breast cancer dragon boat team

Congratulations to the “Pink Champagne” breast cancer dragon boat team from Christchurch Poole who won their division at the 1st Hong Kong Barcelona International Dragon Boat Festival. Find and support them here: http://pinkchampagne.org.uk/ Here they are rocking out with the other teams: http://goo.gl/EZyxW7
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A total of £5bn in claims was paid in 2017

Another record breaking year for protection

A total of £5bn in claims was paid in 2017, according to figures from the Association of British Insurers (ABI) and Group Risk Development. This sets another record breaking year for payouts, an increase of over £340m on 2016. An impressive £13.9 million pounds was paid out to policyholders, including critical illness, life assurance, and
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claims

Scottish Widows reveals an impressive 2017 for claims

Scottish Widows have been proud to announce a claim success rate for life cover of 98.99% in 2017, nearly a whole percentage point above the ABI’s reported average of 98%. The provider has also announced that their critical illness claim success for last year was 93.03%, also well above the average of 92.2%. Pay outs
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Exeter IP now covers type 2 diabetes

You may already be aware that specialist provider The Exeter offers a Managed Life product, which provides reactive life cover for those suffering with type 2 diabetes. The good news is that they now cover type 2 diabetes as part of their extended income protection offering as well. The provider’s new product delivers a bespoke
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