25 Feb, 2008
Helen Pow - 25-Feb-2008
has relaunched its individual income protection plan.
The plan now offers cover up to age 70 in line with changes to age
discrimination legislation which allows people to work until later
The firm has also simplified its mortgage outlay cover so that up
to 140 percent of the initial mortgage benefit can be covered to
help customers pay additional expenses such as council tax and
If a policyholder's dependant suffers from a condition covered by
the plan the policyholder will now receive a lump sum benefit which
may contribute towards their care.
The firm has also introduced a two year limited benefit period so,
in order to help reduce premiums, benefits may be paid out for up
to a maximum of two years following a claim.
The enhanced plan can be submitted online via Bupa's recently
launched extranet which turns around applications at an average of
20 minutes from initial decision to final acceptance.
Bupa Individual Protection product and marketing manager Steve
Casey says: "We are delighted to be able to offer our flexible
income protection product to our supporting intermediaries both
online and on paper. The latest award of a five star rating for our
income protection product from Defaqto also helps underline our
commitment to offering quality products, at a competitive price
whilst simplifying the process of submitting business."