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

Industry fundraiser launched after MFS staff go unpaid

Staff at Market Financial Solutions (MFS) were due to be paid on Friday 27...

Knowledge Bank to host development finance webinar for brokers

Knowledge Bank is turning its next Lenders’ Live session over to development finance, as...

Digital ID providers given formal backing under money laundering rules

HM Treasury and the Department for Science, Innovation and Technology have issued joint guidance...

MJP Conveyancing completes first live TR1 using qualified electronic signature

MJP Conveyancing has completed its first TR1 transfer deed using Veyco QEST, marking a...

Later life borrowing gathers pace as standard mortgages eclipse equity release

Lending to borrowers aged over 55 rose sharply at the end of 2025, with...

Latest publication

Other news

Industry fundraiser launched after MFS staff go unpaid

Staff at Market Financial Solutions (MFS) were due to be paid on Friday 27...

Knowledge Bank to host development finance webinar for brokers

Knowledge Bank is turning its next Lenders’ Live session over to development finance, as...

Digital ID providers given formal backing under money laundering rules

HM Treasury and the Department for Science, Innovation and Technology have issued joint guidance...