Holloway Friendly is an Income Protection provider and Friendly society founded by the original inventor of Income Protection Insurance, George Holloway.
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.
Holloway Friendly offer several types of additional benefits when claiming Income Protection to help you get back on your feet faster.
Overview of Key Policy Details
Maximum Claim Duration
Until end of term
Day 1 / 1 week / 4 weeks / 8 weeks / 13 weeks / 26 weeks / 52 weeks
Waiver of Premium
60% of pretax salary
Minimum Entry Age
18 years of age
Maximum Entry Age
59 years of age
Minimum Policy Term
Maximum Cease Age
70 years of age
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.
Holloway Friendly offer Purely Income Protection as a standard policy and Short-term Income Protection for people who want something less expensive.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
As you can see, there are a lot of points to consider when comparing insurers. With so many factors in play, it can be time-consuming to pull up key information across every single insurer in the market, so why not ask an adviser for help?
We started Drewberry because we were tired of being treated like a number and not getting the service we all deserve when it comes to things as important as protecting our health and our finances. Below are just a few reasons why it makes sense to talk to us.
If it is all getting a little confusing and you want to talk you through your options to make sure you find the most suitable cover please don’t hesitate to get in touch.
Pop us a call on 02084327333 or email email@example.com.
I had a great experience with Drewberry, they have a lot of knowledge and expertise with life insurance and income protection and were able to advise me and arrange suitable products. Highly recommend.