Royal London Group protection businesses Bright Grey and Scottish Provident will each launch enhanced income protection products by the end of October of this year.
According to a statement from Royal London Group, the products will extend the availability of the full own occupation definition; introduce an alternative definition for other full-time customers; and remove the work task definition and replace it with a more modern version.
Hugh McKee, chief executive officer of Royal London’s intermediary division, said: “We recognise that when it comes to income protection policies own occupation is the most valuable level of cover, that’s why we want to make it available to as many people as possible.
“We anticipate that our new enhanced products will provide wider cover and opportunities for more claims to be paid by us.”
