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

BuildLoan unveils light renovation finance aimed at unmortgageable homes

BuildLoan has launched a new Light Renovation range designed to fund properties that require...

Target Group reports record low gender pay gap as progress continues

Target Group has reported its lowest ever gender pay gap, with the figure falling...

Regional rental trends diverge as affordability pressures persist

Rental price movements across the UK showed a mixed pattern in February, with regional...

Chetwood Bank appoints Darren Hodgson as BDM for the South

Chetwood Bank has appointed Darren Hodgson as business development manager covering the South of...

Source Insurance integrates platform with HPS Insurance CRM

Source Insurance has partnered with HPS Insurance to integrate its home insurance quotation platform...

Latest publication

Other news

BuildLoan unveils light renovation finance aimed at unmortgageable homes

BuildLoan has launched a new Light Renovation range designed to fund properties that require...

Target Group reports record low gender pay gap as progress continues

Target Group has reported its lowest ever gender pay gap, with the figure falling...

Regional rental trends diverge as affordability pressures persist

Rental price movements across the UK showed a mixed pattern in February, with regional...