The improvements made to their critical illness insurance cover by Legal and General have been supported by Only Finance, who are pleased to see positive changes in this market.
Although BUPA still leads the way with its critical illness insurance offering Legal and General have clearly taken positive steps an Only Finance spokesperson said. It is also great news that they have not used the cover improvements as a device to increase the price, thus bringing a real benefit to the consumer.
The Only Finance spokesperson also discussed the fact that it is certainly more cost effective to buy both life and critical illness cover together, saving money and also having a more comprehensive level of protection than when only taking one of them. He went on to advise purchasers of critical illness protection to ensure any medical questions were answered fully and completely, as almost twenty-five percent of claims made were rejected due to illnesses not being declared at the time of policy purchase.
Specialist insurance provider Hiscox as selected Michael Gould to be the new Chief Operating Officer, the role commencing on June 9.
Mr Gould leaves his post at Aon to go to Hiscox, where he spent 5 years, latterly as Corporate Division CEO. He also has a background in the credit card market, with a number of posts held at Amex where he worked for 14 years.
As Chief Operating Officer at Hiscox Mr Gould will take responsibility for Operations, IT and Property Services across the group, reporting directly to the CEO. Hiscox insurance will be part of the remit, though only as part of the whole group organisation.
Post Office Insurance has just introduced a new motorbike insurance policy with an introductory offer of one month free cover.
The new motorcycle insurance policy provides several options for the customer, including cover for up to 4 bikes on the same policy or alternatively having GBP500 of accessories cover. Female motorcyclists will be very interested in the Post Office insurance policy since there is a discount offered simply for being female. Saving up to 36 percent is a good incentive to check this out.
More and more insurers are moving into the motorbike insurance market now as the market expands. There are around 1.2 million bikes on the road now, up by well over a third compared with 10 years ago. Post Office Insurance are aiming for a part of this growing market.
