Coronavirus exclusion for IP 'understandable'

'Only a matter of time'

Adam Saville
clock • 2 min read

Industry reacts to Holloway Friendly’s decision to add exclusion for new income protection policies

On Friday, income protection provider Holloway Friendly added an exclusion for coronavirus to new applications for policies with a one-week deferred period. The Income Protection Task Force (IPTF) said: "It is understandable that some insurers are beginning to apply exclusions for COVID-19 on new income protection policies, typically those with very short deferred periods, such as one week." The IPTF said it important to remember that existing customers are not impacted - and added that as it stands the majority of new IP policies will also not be impacted as the deferred period will ...

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