BUPA relaunches income protection plan
BUPA’s individual income protection plan is now even more affordable and comprehensive, yet flexible enough to meet individual customer needs.The revised plan includes a number of innovative benefits, including:
Cover available up to age 70 in line with changes to age discrimination legislation, which mean that individuals may now work until later in life.
Simplified mortgage outlay cover: up to 140 percent of the initial mortgage benefit may be covered to help with additional expenses such as council tax and utility bills.
Carers’ benefit: if a policyholder’s dependant suffers from a condition covered by the plan, the policyholder will receive a lump sum benefit which may contribute towards their care.
Two year limited benefit period: in order to help reduce premiums, benefits may be paid out for up to a maximum of two years following a claim.
The plan may be submitted online via BUPA Individual Protection’s recently launched extranet at bupa.co.uk/bupaindividualprotection. Intermediaries using this facility have already commended its speed of turnaround at an average 20 minutes from initial decision to final acceptance.
Steve Casey, product & marketing manager at BUPA Individual Protection, said: "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 5 star rating for our income protection product from Defaqto, the leading independent research agency, also helps underline our commitment to offering quality products, at a competitive price whilst simplifying the process of submitting business.”
BUPA’s individual protection range of critical illness products were also recently awarded 5 stars from Defaqto.