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

West Brom launches interest-only and discounted products

West Brom Building Society has launched new interest-only and discount variable products and reduced...

The Right Academy targets 100 trainee advisers after strong start

The Right Academy, the specialist training programme from The Right Mortgage & Protection Network,...

Furness BS reports record app-to-offer rates

Furness Building Society is reporting record app-to-offer rates as it continues to roll out...

TMG boss gives staff day off after England’s 1am World Cup clash

TMG mortgage network founder and CEO Scott Thorpe has given all staff an extra...

Claire Cherrington on the challenges facing mortgage clubs

The mortgage club and compliance landscape is changing faster than at any point in...

Latest publication

Other news

West Brom launches interest-only and discounted products

West Brom Building Society has launched new interest-only and discount variable products and reduced...

The Right Academy targets 100 trainee advisers after strong start

The Right Academy, the specialist training programme from The Right Mortgage & Protection Network,...

Furness BS reports record app-to-offer rates

Furness Building Society is reporting record app-to-offer rates as it continues to roll out...