IP Task Force unveils draft charter

clock

A charter for income protection (IP) setting out the obligations and opportunities of companies selling Income Protection was one of the key things considered a recent IP Summit in London.

Following the meeting, the Income Protection Task Force (IPTF) is finalising the charter which will contain ten key points from streamlining the processes to simplifying terminology.

It will also suggest a Disability Awareness campaign similar to the one undertaken each May in the USA. Details of the finalized charter will be announced shortly.

Clive Waller, co-chair of the IPTF, said, "We have been delighted with the initial response to the Summit.

"It will be a long road but we must not fail the many millions of people who need this cover and have yet to be made aware that they need it."

Companies represented at the summit included Aegon, Ageas, Aviva, Bright Grey, British Friendly Society, Direct Life, Ellipse, Exeter Family Friendly, Friends Life, Gen Re, GRiD, Hannover, HSBC, L&G, LifeSearch, Master Adviser, Munich Re Pacific Life Re, PruProtect, RGA, SCOT, Scottish Widows, Swiss Re, Unum and Zurich.

 

More on Income Protection

Iress adds ex-smoker questions to IP service

Iress adds ex-smoker questions to IP service

Additions to The Exchange

Cameron Roberts
clock 28 November 2024 • 1 min read
Half of parents able to get by for six months without income

Half of parents able to get by for six months without income

Vitality research shows

Jaskeet Briah
clock 25 November 2024 • 1 min read
Accident and illness absences impact 27% of adults

Accident and illness absences impact 27% of adults

Adults taking a month or more off work

Cameron Roberts
clock 21 November 2024 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read