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

Equity Release Council hires Tracy Gorbutt-Powell for risk and policy role

The Equity Release Council has appointed Tracy Gorbutt-Powell as head of risk, policy and...

Together appoints Legal and General Surveying Services as valuation partner

Specialist lender Together has appointed Legal and General Surveying Services as a key valuation...

1.3 million households facing mortgage cost shock

Around 1.3 million additional UK households are now exposed to higher mortgage costs following...

The Vernon hires internal BDM to expand intermediary reach

Vernon Building Society has appointed Damien Sabbaghe as intermediary business development manager as it...

Coventry trims first-time buyer and limited company buy-to-let rates

Coventry for intermediaries has cut selected mortgage rates for first-time buyers and limited company...

Latest publication

Other news

Rental barometer shows strength, but March changes the tone

Looking at our recently published Q1 2026 Rental Barometer data in isolation, there is...

Equity Release Council hires Tracy Gorbutt-Powell for risk and policy role

The Equity Release Council has appointed Tracy Gorbutt-Powell as head of risk, policy and...

Together appoints Legal and General Surveying Services as valuation partner

Specialist lender Together has appointed Legal and General Surveying Services as a key valuation...