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

LSL Financial Services appoints interim managing director

LSL Financial Services has appointed Piotr Nowosad as interim managing director to lead its...

Mortgage demand slows in second quarter as higher rates hit affordability

Higher borrowing costs weighed on mortgage demand during the second quarter, although Stonebridge says...

Omni Protect becomes first service provider to adopt Beagle Street intermediary proposition

Omni Protect has become the first service provider for directly authorised firms to offer...

Dudley BS rolls out new mortgage platform to all brokers

Dudley Building Society has completed the rollout of its new mortgage origination platform to...

The Cumberland commits to branch network as high street banks continue to retreat

The Cumberland Building Society has pledged to maintain its branch network across the North...

Latest publication

Other news

LSL Financial Services appoints interim managing director

LSL Financial Services has appointed Piotr Nowosad as interim managing director to lead its...

Mortgage demand slows in second quarter as higher rates hit affordability

Higher borrowing costs weighed on mortgage demand during the second quarter, although Stonebridge says...

Omni Protect becomes first service provider to adopt Beagle Street intermediary proposition

Omni Protect has become the first service provider for directly authorised firms to offer...