Holloway launches IP with one day deferred period

clock

Holloway Friendly has launched an enhancement to their Purely IP income protection product - Purely Day One.

Purely Day One will offer the same benefits as Purely IP, launched in March this year, but contains a day one deferred period so policy holders can claim on their policy from the first day that they are ill and cannot work, just as long as they have a doctor's certificate. There is no minimum qualifying period and policy holders also benefit from a minimum claim period of just three days with the claim dated back to day one. Other benefits of the policy are: no loadings for occupation, gender or smoking; the rate of the premium is guaranteed for the life of the policy and benefit paym...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Income Protection

Tom Baigrie: 'Insurers and distributors are failing to market IP'

'We need to pick up the pace'

Tom Baigrie
clock 16 November 2020 • 3 min read

L&G paid out almost £300m for group protection in 2018

Rehabilitation services

Adam Saville
clock 09 May 2019 • 1 min read

'One in five' UK businesses lack expertise to manage absence

Zurich research

Adam Saville
clock 04 February 2019 • 1 min read