Abbey National's Scottish Provident insurance brand is pushing tweaks to its existing self-assurance...
Abbey National's Scottish Provident insurance brand is pushing tweaks to its existing self-assurance plan in order, it says, to beat any combination of protection benefits taken out with different companies.
The changes included boosting disability income benefit to a maximum of £10,500 per month from £6,250, and boosting unemployment benefit to a maximum of £2,000 per month from £1,500.
A children's income benefit - to provide income in cases where policyholders' children become sick - and immediate cash benefit - to cover any income gaps in the period until benefits start to be paid - have also been added to the self assurance plan.
SP adds it is making application forms easier, in part to reduce the incidence of non-disclosure of medical problems that later make benefit payments difficult.
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Following 2016 thematic review
December 2018 or early 2019
Feasibility study due