Guardian FS pays first claim

£6,000 paid out for fracture cover

Adam Saville
clock • 2 min read

Less than two months since launching to the intermediary market, Guardian Financial Services has paid out £6,000 to a customer who injured himself during a sporting activity

Claimed under Guardian's Fracture Plus Protection, the product protects clients for one of 18 specified fractures, seven ligament tears or tendon ruptures, or a dislocation, during any 12-month period, and costs £3.90p a month. According to Guardian, the client called the insurer regarding the injury on Monday, it took a few details over the phone and then called back within 30 minutes to confirm the claim would be paid. The £6,000 payment was in the customer's bank at the end of that working week. The payment is the first of any kind by Guardian. "You could argue that a business i...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Adviser / Broking

Opportunities for the life insurance industry from Budget proposals

Opportunities for the life insurance industry from Budget proposals

Protection driven by IHT changes

Paula Steele
clock 22 November 2024 • 4 min read
Claims and Underwriting: Securing cover with liver disease

Claims and Underwriting: Securing cover with liver disease

“It was racing against the clock”

Jaskeet Briah
clock 21 November 2024 • 6 min read
Two senior hires for SBG

Two senior hires for SBG

Catherine Darroue and Rebecca Luter join

Cameron Roberts
clock 20 November 2024 • 1 min read