Drewberry™ provide pensions, investment and insurance advice for Money to the Masses readers throughout the UK.

Holloway Friendly Income Protection logo

 

Holloway Friendly Income Protection

Holloway Friendly Income Protection

Founded

1880

Company Type

Friendly Society

Company Overview

Holloway Friendly is an Income Protection provider and Friendly society founded by the original inventor of Income Protection Insurance, George Holloway.

The Drewberry review of Income Protection from Holloway Friendly

The society, originally known as The Original Holloway friendly Society Limited, was the first to offer disability insurance in the UK.

Since being founded in Gloucester in 1880, the Friendly society has continued to grow and provide a wider range of protection products to UK consumers.

In 2017, Holloway Friendly paid out for 96% of Income Protection claims, making one of the top insurers with consistently high Income Protection claims statistics.

Documentation

Purely Income Protection

Purely Income Protection key facts   Purely Income Protection policy terms and conditions

Short-Term Income Protection

Short-term Income Protection key facts   Short-term Income Protection policy terms and conditions

Get 2 Months FREE Cover

By reaching this page you are eligible for two months FREE cover when you set-up your new Income Protection policy.

Simply fill in the form on this page to apply your two months free discount and get your instant quotes or call us on 02084327333 and state the code VC2MF.

Compare Top 10 UK
 Protection
Insurers
 
Takes approx. 60 seconds
Type of Policy
Income Required
per
month
Date of Birth
Loading your options...
Thank you for using our Quote Tool
If you need some help, just call us!
T: 02084327333
Our in-house Experts are here to provide FREE impartial advice!
Our Experts can answer all your questions
Our Experts can send you more appropriate options based on your personal circumstances

Very important if you are either Self-Employed or a Company Director.

Our online quote tool is good but our Experts are better

Oue Experts have access to far more insurers and can often find a better deal offline.

Saves you time, let our Experts do what they are best at
Overview of Holloway Friendly's policies.

Holloway Friendly Overview

Holloway Friendly offer several types of additional benefits when claiming Income Protection to help you get back on your feet faster.
 

Unlike other income protection providers who offer monthly benefits, Holloway friendly pay out twice-monthly benefits.

 

All of Holloway Friendly’s Income Protection policies use an ‘Own Occupation’ definition of incapacity.

 

Waiver of premium is available on both policies, but will only commence after your deferred period.

 

If you have any hazardous hobbies or activities that you regularly take part in, you can choose whether you want to exclude them from your cover to avoid increasing the cost of your policy.

Only age-banded premiums available.

Holloway Friendly offer only age-banded premiums, which means that your premiums will increase on a yearly basis to match your age.

Back to Top

Need Help? Start Live Chat with our Experts  

Neil
Pensions Advice

Robert
Income Protection
Income Protection policy conditions

Holloway Friendly Policy Conditions

Overview of Key Policy Details
Short-Term Protection
Pure Protection

Policy Type

Income Protection

Premium Type

Guaranteed Age-Banded

Maximum Claim Duration

1 year / 2 years

Until end of term

Incapacity Definition

Own Occupation

Deferred Period

1 week / 4 weeks / 8 weeks / 13 weeks / 26 weeks

Day 1 / 1 week / 4 weeks / 8 weeks / 13 weeks / 26 weeks / 52 weeks

Indexation

Optional
(maximum increase 10% per year)

Waiver of Premium

Yes

Maximum Cover

60% of pretax salary
(maximum salary £100,000 per year)

Minimum Entry Age

18 years of age

Maximum Entry Age

59 years of age

Minimum Policy Term

5 years

Maximum Cease Age

70 years of age

Policy Exclusions

Unemployment not as the result of an injury, accident or illness.

We have taken care to ensure that the information on this Drewberry owned website is accurate. However we can give no guarantee as to the accuracy of the content of the site. We accept no liability for any losses whether direct or indirect arising from errors on our part.

Back to Top

Compare Top 10 UK Insurers
  Takes approx. 60 seconds
 - 
Need help? 
Call us on 
Drewberry's Holloway Friendly Income Protection review

Drewberry’s Holloway Friendly Review

Holloway Friendly offer Purely Income Protection as a standard policy and Short-term Income Protection for people who want something less expensive.
 

Key Comparison Points

  • Holloway Friendly can insure yearly salaries of up to £100,000 and offer 60% of your salary as cover.
  • waiver of premium rider is included automatically with all Income Protection policies. After your deferred period has ended, Holloway Friendly will begin refunding any premium payments you make while you are claiming for incapacity.
  • Holloway Friendly Income Protection policies offer only guaranteed age-banded premiums. This means that your premiums will increase each year but will remain loyal to their rate table. These types of premiums are better than reviewable premiums, but not necessarily better than guaranteed level premiums which stay the same for your entire policy’s life.
  • Income Protection policies from Holloway Friendly are flexible in terms of cover and you can choose to increase your benefit at any time provided there is a minimum of 5 years left on your policy. However, Holloway Friendly do not offer a guaranteed insurability option, so you may be subject to an assessment of your health and earnings if you want to increase your insurance cover.
 

Additional Benefits

Medical Expenses Benefit

While you are claiming your Income Protection benefits for health reasons, you can apply for a lump sum to put towards your medical funds if their Chief Medical Officer and your doctor think that it will help with your recovery.

Rehabilitation Benefit

If you are not fully recovered but return to work on a part-time basis or in a reduced role that offers a lower salary, you can claims support in the form of partial benefit payments. You can claim these partial payments for up to 52 weeks to cover the difference between your original and current salary.

Proportionate Benefit

If you are claiming Income Protection benefits but cannot return to your original pre-incapacity occupation, you may decide to retrain for a new role that you are capable of, which may pay a lower salary. If you choose to train for a new, lower-paid role, you can apply for a proportionate benefit. You can claim partial payments of your Income Protection benefits for up to 52 weeks to cover the difference between your pre-incapacity salary and your new salary.

Terminal Illness Benefit

If you are diagnosed with a terminal illness where life expectancy is less than 12 months during the life of your Holloway Friendly Income Protection plan, you can claim a terminal illness benefit. You will immediately be paid a lump sum equal to six months’ worth of Income Protection benefits, regardless of whether you are already claiming benefits.

Member Assistance Programme

As a member of Holloway Friendly, you will have access to their member assistance programme, which is provided by Care First. This programme offers over-the-phone counselling services and advice from specialists on topics such as employment, health, and consumer rights. You can use this service any time by contacting their 24 hour phone line and you do not have to be claiming in order to use the service.

Career Break

If you decide to take a break in your career, you can take a break from paying your Income Protection premiums while you are not working. You can use this benefit for a maximum total of 24 months during the life of your policy.

 

Financial Strength

In 2016, Holloway Friendly’s investment income, excluding gains, increased by £33,000 to £1.22 million. Its overall net investment return that year was roughly £2.4 million and the society’s total funds also increased by £3.5 million during the year to just over £52 million.

Back to Top

Very easy to deal with. Adviser was knowledgeable and clear about options. It was a pleasure to use this broker and I would happily recommend to others.

Jocelyn Griffith
16/08/2018
 

Holloway Friendly Income Protection: FAQs

Sam Barr-Worsfold, Independent Insurance Expert at Drewberry

We aim to know the policies we advise on inside out and back to front. Below, we have answered a couple of commonly asked questions with regards to the policy coverage of Holloway Friendly’s Income Protection.

If you need any further help, please do not hesitate to call us on 01273646484.

Sam Barr-Worsfold
Independent Insurance Expert at Drewberry

Q. Can I claim for the same cause of incapacity more than once?

A. Yes. There is no limit to the amount of times that you can claim on your policy. Provided the condition was not pre-existing when you took out your policy and was not specifically excluded from your cover, you can claim for it as many times as you need. If the same condition resurfaces within 6 months of returning to work after claiming for the condition, Holloway Friendly will waive your deferment period and allow you to start claiming right away.


Q. Can I claim Income Protection if I go overseas?

A. Yes. Any valid claim that you make will be approved and paid providing that you are a permanent or temporary resident of any of the following countries in addition to the UK –

Andorra; Australia; Austria; Belgium; Canada; Cyprus; Denmark; Finland; France; Germany; Gibraltar; Greece; Iceland; Italy; Liechtenstein; Luxembourg; Malta; Monaco; Netherlands; New Zealand; Norway; Portugal; Republic of Ireland; San Marino; Spain; Sweden; Switzerland; and the USA.


Q. Are there any circumstances where a claim I make will not be paid?

A. As long as you read through the terms of your policy carefully, there is little reason to worry that your claim will not be paid. There are some cases where you will not be able to claim Income Protection benefits, however, which you will need to be aware of:

  • During the chosen deferred period of your policy
  • Your incapacity is related to a pre-existing condition which you did not properly disclosed when you took out your plan
  • Your premium payments are not up to date
  • You did not receive an income prior to your injury or illness
  • Your injury or illness has not resulted in loss of income
  • You were unemployed at the time of the claim.

Back to Top

Compare Top 10 UK
 Protection
Insurers
 
Takes approx. 60 seconds
Type of Policy
Income Required
per
month
Date of Birth
Loading your options...
Thank you for using our Quote Tool
If you need some help, just call us!
T: 02084327333
Our in-house Experts are here to provide FREE impartial advice!
Our Experts can answer all your questions
Our Experts can send you more appropriate options based on your personal circumstances

Very important if you are either Self-Employed or a Company Director.

Our online quote tool is good but our Experts are better

Oue Experts have access to far more insurers and can often find a better deal offline.

Saves you time, let our Experts do what they are best at

Frequently Asked Income Protection Insurance Questions

 
I have recently taken out a mortgage and want to put some insurance in place to cover the loan in case...
 
Is it possible for me to take out an income insurance policy and pay the premiums through my limited...
 
I work on a zero hour contract, is there any unemployment/sick cover i can get (like self employed...
 
I’ve just bought my first house and have been researching insurance in case I can’t pay my...
REVIEWS
EXCELLENT
4.92 / 5 Average
1757 Reviews
H Hughes
Overall Rating
I feel very grateful to have found Drewberry to help me find the kind of policy I needed. I have received an excellent level of service from Rauri who I would recommend highly, and Danielle, who is part of Rauri's team.
A Howard
Overall Rating
Had a great experience dealing with Jake, really helpful and very patient. Would recommend to friends and family. Many thanks Andy Howard
J Griffith
Overall Rating
Very easy to deal with. Adviser was knowledgeable and clear about options. It was a pleasure to use this broker and I would happily recommend to others.
A Garrard
Overall Rating
Drew Berry acted very professionally from start to finish. The advisors were very knowledgeable and helpful, and gave me superb guidance as to which cover would suit me best. Oliver who completed all the finer details and set up the policy was a great credit to the company, and I would like to thank him personally, and Drew Berry as a company for arranging cover to give me peace of mind. I would thoroughly recommend this company.
J Chandler
Overall Rating
Drewberry were very helpful and very efficient in finding the right insurance cover for me.