AXA has abolished automatic GP reports (GPRs) for consumers under 45 applying for life and critical illness products.
The firm says it is making the changes after feedback from advisers about the delays caused by obtaining GPRs. In addition, AXA says automatic GPR limits for under 45s' income protection applications will increase to £50,000. It says greater use will now be made of nurse screenings or blood tests which are, it says, around 10-15 days quicker than a GPR. Mike Taylor, AXA’s chief underwriter, says: “Our market-leading tele-underwriting process means the need for GPRs is significantly reduced. “In the light of lengthy delays and spiralling costs of GPRs we’ve decided to break away from the...
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