BT cuts wait time for trauma claims with tele-claim service

BT/bt-financial-group/insurance/life-insurance/cent/

24 April 2012
| By Staff |
image
image image
expand image

BT Financial Group (BT) has started offering a telephone based claims service for trauma claims, reducing waiting times for trauma claims from 68 days for a paper-based claim to an average of 14 days, according to Phil Hay, head of life insurance for BT.

Hay said BT wanted to offer clients the same service they made available for income protection claims in 2010.

"We introduced the service quietly in November last year and have received excellent feedback from our customers who are appreciating not just the convenience of being able to make a claim over the phone, but they are having to wait much less time for their claims to be processed," Hay said.

The tele-claims service for trauma insurance has fielded 16 per cent of all trauma claims since its inception, with $1.6 million paid in claims so far. 

Customers can utilise the service on policies five years old or more with no prior claim history. It is available for certain traumas and claims of up to $250,000.

"The fact that we have the ability now to assess and pay a claim through a phone based system without the need for the customer to fill in a claim form is not just about ease of process, it's about understanding the needs of our customers and providing a service that is sensitive to their situation," said Hay.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

1 month ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 months ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

2 months 1 week ago

ASIC has canceled the AFSL of Sydney-based asset consultant and research firm....

4 days 22 hours ago

The Reserve Bank of Australia has announced its latest interest rate decision following this week's monetary policy meeting....

1 week 6 days ago

AMP has settled on two court proceedings: one class action which affected superannuation members and a second regarding insurer policies. ...

4 weeks 1 day ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
moneymanagement logo