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

Bristol leads LISA house purchase hotspots as activity spreads across UK

Bristol, Belfast and Sheffield were the most popular locations for Lifetime ISA-backed first-time buyer...

Conveyancers set out reform priorities in response to estate management consultations

The Conveyancing Association has outlined practical reforms to improve transparency and reduce delays in...

Twenty7tec adds two to marketing team

Twenty7tec has appointed Ellisha Jade and Sam Cane to its marketing team as it...

Stamp Duty receipts from homebuyers rise to £995m in February

Homebuyers paid £995m in Stamp Duty Land Tax in February, up from £899m in...

Targeted Support may encourage more savers to seek financial advice

Nearly half of independent financial advisers believe the Financial Conduct Authority’s new Targeted Support...

Latest publication

Other news

Bristol leads LISA house purchase hotspots as activity spreads across UK

Bristol, Belfast and Sheffield were the most popular locations for Lifetime ISA-backed first-time buyer...

Conveyancers set out reform priorities in response to estate management consultations

The Conveyancing Association has outlined practical reforms to improve transparency and reduce delays in...

Twenty7tec adds two to marketing team

Twenty7tec has appointed Ellisha Jade and Sam Cane to its marketing team as it...