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

Market Harborough gains B Corp certification in boost to specialist lending credentials

Market Harborough Building Society has secured B Corp certification, marking a significant endorsement of...

FCA register saw 3,331 new firms in H2 as overall numbers edge lower

More than 9,000 individuals joined the FCA Register in the second half of 2025,...

Stamp Duty receipts climb to £899m in subdued January market

Homebuyers handed over £899m in Stamp Duty Land Tax in January, despite the traditionally...

The Right Loan records best year as introducer payments rise 22%

Advisory firm The Right Loan, part of The Right Mortgage & Protection Network, said...

MAB hosts strategic lender Summit at Century Club 

Leading figures from the UK mortgage lending community gathered last night at the exclusive...

Latest publication

Other news

Mutual sector ambition needs tech-driven scale

The Government’s commitment to doubling the size of the mutual sector has been welcomed...

Market Harborough gains B Corp certification in boost to specialist lending credentials

Market Harborough Building Society has secured B Corp certification, marking a significant endorsement of...

FCA register saw 3,331 new firms in H2 as overall numbers edge lower

More than 9,000 individuals joined the FCA Register in the second half of 2025,...