Health insurance news: AXA Sunlife

Consumers are five times more likely not to disclose important medical and lifestyle information on paper applications than with tele-underwritten applications.   AXA analysed data from more than 9,500 applications for protection products over the past year and found non-disclosure that could potentially lead to a claim being declined with 5.78% of paper applications. This compares with 3.48%...

Ahead of expected intense competition from PruProtect, AXA has lead what many other insurers are expected to do publicly or   Just over half of all prices are reduced. The average reduction is 3.5%.   The products affected are Level Life Cover Decreasing Life Cover Guaranteed Level Life or Earlier Critical Illness Cover Guaranteed Decreasing Life or Earlier Critical Illness Cover.  ...

AXA has announced that on its AXA Protection Account, there are now many reduced prices for Life Cover and Guaranteed Life or Earlier Critical Illness Cover on both a level and decreasing term basis.   The price reductions affect approximately 45% of Guaranteed Level and Decreasing Life or Earlier Critical Illness Cover premiums, which have reduced by up to 7%.   Other price reductions...

26 health insurance companies have signed up to the Customer Impact Scheme, an initiative to provide excellent standards of service to purchasers of income protection and critical illness insurance plans.   Each insurer has pledged to: Develop and promote products and services that meet the needs of customers Provide customers with clear information and good service when they buy...