Royal London has announced its diabetes life cover policy is now available from advisers across the UK. The full market launch follows positive feedback from advisers who helped shape the product during a pilot, the insurer said.
The product includes capped premiums - which, according to the firm, is ‘a first in the protection market' - and a tailored fast track application process with immediate acceptance meaning advisers can get a quote for clients with risk factors in minutes. Diabetes Life Cover allows premiums to reduce by up to 40% if the customer is managing their diabetes well. If customer's HbA1c test results fall into a lower band they will get a price reduction. Over the term of the policy premiums can stay the same or reduce and will never exceed the premium set at the start of the policy. "Peop...
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