Holloway Friendly has launched a new online underwriting process allowing protection advisers to write short term income protection business in minutes, saving advisers time and money.
The new online underwriting process allows advisers and their customers to apply for short term income protection benefits of up to £34,000p.a. without triggering any automatic medical limits that can result in delays caused by GP reports and medical evidence being requested.
In addition, Holloway Friendly have introduced more tolerant BMI tables resulting in quicker and fairer outcomes for applicants.
Applicants that take part in certain hazardous pursuits that would previously have resulted in an exclusion can now be placed on risk with a premium loading, supporting a wider range of customers who wish to buy income protection.
Mike Taylor, C.O.O. says
“This is our first step in the world of online underwriting. We have listened to advisers and their customers. These changes are just the start of the improvements that we wish to make to the overall experience that we offer”
Martin Delany, Managing Director of Bon Accord Life says
“With an ever increasing number of our clients asking for Income Protection it is terrific to hear Holloway are looking to accept a broader range of potential customers. For many people a speedy, hassle free process is important so cutting down on needless GP reports is great news for both our business and our clients”
Holloway Friendly will be demonstrating the new online underwriting service alongside the promotion of their new tele-claims service at a number of adviser events over the coming weeks.
ENDS –
Further details / different angles…
If you need more details or want a different angle please speak to Andy Milburn, Director of Proposition and Marketing, either by phone on 07375 079727, via DM on Twitter to @Andrewgmilburn or via Andy’s email address andy.milburn@holloway.co.uk.
Mike Taylor is available for interview either over the phone or face to face.
In case you didn’t know…
Holloway Friendly is the original Holloway income protection company founded over 135 years ago in 1880 by the MP for Stroud, George Holloway, and was the first insurer in the UK to offer cover against loss of income through accident, or illness.
Holloway Friendly is a mutual friendly society active in the UK advised income protection market. It currently offers products which protect members and their families against income lost through accident and sickness, via financial advisers from its small HQ in Gloucester.
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