Canada Life Group Insurance has announced enhancements to its CLASS Group Insurance portal for quotation and administration of policies covering up to 100 lives.
The move provides more benefit options for all group risk products and higher maximum benefits for Group Income Protection, along with better eReporting capabilities.
Canada Life now allows a benefit level of 75% of salary with no deduction for state benefits, aligning the maximum benefit offered with that of the standard product, but with the lower policy fees and minimum premiums offered through CLASS.
Previously CLASS used a drop-down menu of pre-determined amounts. Now, policies can cover any flat benefit amount up to £250,000 on Group Life Assurance and £100,000 on Group Critical Illness, in addition to still allowing cover for a multiple of salary.
For Group Income Protection, the system now offers a percentage of salary between 40% and 75%, leaving advisers and employers free to decide exactly what cover would be appropriate.
Jon Ford, sales director at Canada Life Group Insurance, said: "Our aim is to maximise the once-in-a-business lifetime opportunity to grow the Group Risk market on the back of automatic enrolment. Combined with our recent Sales Team restructure, our CLASS system enhancements illustrate that we want to be seen as the easiest insurer to do business with in the SME space."
More detail about January's eReporting enhancements is available in a new eReporting user manual available from the provider's online document library.
Paul Avis, marketing director at Canada Life Group Insurance, added; "We have been listening to advisers telling us how they think we can improve. This launch is one of several planned for 2014, which aim to simply delight our advisers when using CLASS for SME Group Risk business."
