Quicker IP claim payments will boost take-up, says IPTF

The Income Protection Task Force (IPTF) says consumers confuse IP with scandal-ridden payment protection insurance (PPI), and that faster payments may help improve IP's reputation. It has put together a ten-point charter it hopes will increase sales of the policies. The group argues that about 20 million people in the UK should have IP but that just 3.5 million are insured, according to the latest figures from the Association of British Insurers (ABI). The IPTF's ten-point charter states: 1) ‘Income Protection is the most essential protection benefit, applicable to at least 20 m...