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25 Feb, 2008

Helen Pow - 25-Feb-2008

Bupa 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 in life.

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 utility bills.

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."

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