Daily Insurance Industry News
Daily Insurance Industry News
Sunday 26th of May 2019
February 18, 2010

AEGON increases multi-benefit discounts

by Gill Montia

Story link: AEGON increases multi-benefit discounts

From tomorrow, AEGON is increasing the multi-benefit discounts available when a customer takes out two or more benefits on the same plan.

The move should reduce costs because customers can consolidate all their protection needs into one plan, rather than using separate providers for different types of cover.

It also makes the application and underwriting process quicker and easier, for both advisers and customers.

The new scheme offers a variety of benefits (both personal and business) including life, critical illness, life with critical illness, family income benefit and so on.

Discounts increase in line with the number of benefits taken out under the one plan, ranging from £2.40 a month for two benefits to £9.60 a month for five benefits.

The group’s head of proposition – protection and investments, Stephen Crosbie, comments: “It’s important that people protect their families and businesses with the right mix of income protection and critical illness cover … these discounts enable advisers to make a full range of protection cover more affordable for their clients.”


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