LV= insurance claims approvals increasing
www.moneynews.co.uk > Insurance > LV= insurance claims approvals increasing
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LV= insurance claims approvals increasing
Mon 16th Mar 2009
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The insurer claimed it paid out a total of £45.9 million to protection insurance policy holders last year, including £12.1 million in income protection claims, and £8.4 million in critical illness claims.
Matt Morris, head of protection strategy at Lifesearch, said that the increase in the proportion of claims approvals had been helped by the guides LV= publishers for financial advisers to use in explaining its products to clients.
He added: "This […] significantly reduces the risk of client confusion or misunderstanding when making their application, which is the biggest cause of complication at point of claim."
Recently, LV= announced a partnership with Standard Life which will see the latter offering LV= branded life insurance policies to its customers.
Click here for more insurance news
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Related News : LV= |
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