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Bupa relaunches income protection plan
25 February 2008
Bupa’s individual income protection plan is now even more affordable and comprehensive, yet flexible enough to meet individual customer needs.
The revised plan includes a number of innovative benefits, including:
- Cover available up to age 70 in line with changes to age discrimination legislation, which mean that individuals may now work until later in life.
- Simplified mortgage outlay cover: up to 140 percent of the initial mortgage benefit may be covered to help with additional expenses such as council tax and utility bills.
- Carers’ benefit: if a policyholder’s dependant suffers from a condition covered by the plan, the policyholder will receive a lump sum benefit which may contribute towards their care.
- Two year limited benefit period: in order to help reduce premiums, benefits may be paid out for up to a maximum of two years following a claim.
The plan may be submitted online via Bupa Individual Protection’s recently launched extranet at www.bupa.co.uk/bupaindividualprotection. Intermediaries using this facility have already commended its speed of turnaround at an average 20 minutes from initial decision to final acceptance.
Steve Casey, product and marketing manager at Bupa Individual Protection, said: "We are delighted to be able to offer our flexible income protection product to our supporting intermediaries both online and on paper.
“The latest award of a 5 star rating for our income protection product from Defaqto, the leading independent research agency, also helps underline our commitment to offering quality products, at a competitive price whilst simplifying the process of submitting business.”
Bupa’s individual protection range of critical illness products were also recently awarded 5 stars from Defaqto.
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