Royal London has made a series of improvements to its non-medical limits for life cover.
These improvements will affect the medical tests that Royal London requires to offer coverage.
These tests vary depending on the amount of cover the customer wants and how old they are.
Royal London explained the improvements will enable it to increase the speed in which it can offer cover to customers and its straight through acceptance rates.
It additionally said its main change has been to increase the sum assured at which Royal London first requires routine medical evidence.
There are improvements across all age bandings and the level of sum assured to age 60.
For example, for customers aged 29 or under, the initial threshold for non-medical limits evidence has been increased from £900,001 to £1,000,001.
Additionally, a number of changes to the type of medical evidence requested at certain limits was also announced.
These include replacing longer paramedical examinations with shorter mini-screen examinations and replacing ECG requests with a simple NT-proBNP blood test.
Another announced change was a reduction in the number of GP reports required.
Royal London chief underwriter, Craig Paterson, commented: “We continue to focus on improving our customer journey to make it quicker and easier for customers to obtain cover in the shortest time possible.”
Paterson added that the company’s latest enhancements “not only make life cover more accessible”, but will also reduce requests to General Practioners, thereby helping to reduce the demand on the NHS.
tom.dunstan@ft.com
What's your view?
Have your say in the comments section below or email us: ftadviser.newsdesk@ft.com
