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

US exodus lifts demand for prime London homes

A rising number of Americans leaving the United States is helping to fuel demand...

Millennials tie confidence and purpose most closely to work

More than eight in 10 UK workers believe being unable to work because of...

Housing transactions rise in 2025 despite stamp duty reset and Budget nerves

UK housing market activity proved more resilient than expected last year, with transaction volumes...

Housing market steadies as November transactions rise on a seasonal basis

Residential transaction volumes edged higher in November, according to the latest provisional data from...

West Brom targets first-time buyers and movers with £2,000 cashback launch

West Brom Building Society has launched two new five-year fixed mortgage products offering £2,000...

Latest publication

Other news

US exodus lifts demand for prime London homes

A rising number of Americans leaving the United States is helping to fuel demand...

Millennials tie confidence and purpose most closely to work

More than eight in 10 UK workers believe being unable to work because of...

Housing transactions rise in 2025 despite stamp duty reset and Budget nerves

UK housing market activity proved more resilient than expected last year, with transaction volumes...