Grid: Protection should be incentivised - not compulsory

The trade body for the group risk industry was responding to PruProtect's call earlier this week for protection to be made compulsory. Speaking at a media briefing to publish its half year results, Deepak Jobanputra, actuarial and product director at PruProtect, said simple term assurance was not sufficient and that people were not realising the risks they were leaving themselves exposed to. He said: "Everyone needs critical illness not just life cover. Protection insurance should be compulsory." Herschel Mayers, CEO of the provider, added: "I think we should lobby for that." Ka...