ING upgrades insurance product
ING has implemented a range of upgrades to its One Care insurance product.
ING has moved up the qualification period for trauma and income insurance from when the company receives the application, upgraded its trauma definitions for progressive conditions, extended the amount of income protection insurance to 80 per cent of a client’s income up to 70 years of age, and extended its cancer definitions to cover early stages of cancer.
It has also enhanced its electronic underwriting capabilities to include improved online medical questioning, and offering electronic signatures for applications.
The changes will come into effect on May 25.
ING has released research showing its life insurance sales have increased by almost 25 per cent during the first quarter of this year.
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