AEGON guide seeks to reduce non-disclosure

Published on

AEGON has produced a new adviser protection claims guide with the aim of further cutting instances of non-disclosure.

The guide includes information explaining the reasons behind why some claims are declined, with checklists to help advisers ensure the customer discloses as much detail as possible on the application form to avoid non-disclosure issues.

The claims guide also aims to ensure customers are aware of what illnesses they are covered for when taking out a protection plan.

AEGON also says that early indications suggest that its new tele-claims service has reduced the average time it takes to pay a claim from 10 to five weeks.

Matt Rann, AEGON’s group head of underwriting and claims said: “The two most common reasons for declining a claim are when an illness is not covered in the customer’s plan and in situations where the customer has not disclosed full details of their medical history.

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Landlords brace for RRA impact as tenant stability holds firm

Landlords are preparing for significant change as the Renters’ Rights Act 2025 comes into force with...

Landlord exit reshapes London buy-to-let landscape

Landlords have been exiting the London rental market since reforms were first proposed with...

Brightstar COO urges brokers to back ED&I survey push

The mortgage industry has been urged to “take stock and reset” its approach to...

Sickness absence stuck above pre-pandemic levels

Sickness absence across the UK workforce remains elevated despite showing signs of stabilising, reinforcing...

The Darlington raises foreign currency mortgage LTV to 90%

Darlington Building Society has increased the maximum loan-to-value available on its foreign currency mortgage...

Latest publication

Other news

Landlords brace for RRA impact as tenant stability holds firm

Landlords are preparing for significant change as the Renters’ Rights Act 2025 comes into force with...

Landlord exit reshapes London buy-to-let landscape

Landlords have been exiting the London rental market since reforms were first proposed with...

Brightstar COO urges brokers to back ED&I survey push

The mortgage industry has been urged to “take stock and reset” its approach to...