Age/Sum Assured Evidence Limits
Introduction
Automatic evidence is requested even when there is no specific medical disclosures for the following reasons:
- Clients may be unaware that they have an increased risk factor
- Clients may have forgotten that they have an increased risk factor
- Clients may intentionally fail to disclose that they have an increased risk factor
By using age/sum assured limits there will always be a percentage of cases that are fully assessed at outset and therefore receive an accurate assessment of risk. This means that the rate of claims is more likely to remain within expectations.
The expected rate of claims is an important factor when it comes to setting pricing levels.
Please click on the appropriate links below which details our requirements. This enables you to tell your client what evidence will be requested.
| Type of Cover | Applicant's age next birthday | Full medical evidence limit's table | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Life | Up to 35 | 36-40 | 41-45 | 46-50 | 51-55 | 56-60 | 61-65 | 66-70 | Over 70 | (PDF 151KB) |
| Critical Illness | Up to 40 | 41-45 | 46-50 | 51-55 | 56-60 | Over 60 | (PDF 104KB) | |||
| MPI/IPB | Up to 40 | 41-45 | 46-50 | 51-55 | Over 55 | (PDF 64KB) | ||||
