As of the end of 2015, Scottish Provident has been rebranded to operate entirely under the Royal London brand.
Acquired by the Royal London in 2008, Scottish Provident with their heritage and protection expertise were brought under the Royal London banner to compliment their existing protection business, Bright Grey.
A traditional income protection product held within Scottish Provident’s Self Assurance suite, this particular policy becomes more competitive the older the applicant.
An overview of the key policy details of Scottish Provident Income Protection Solutions proposition.
Overview of Key Policy Details
Maximum Claim Duration
4 / 13 / 26 / 52 weeks
Waiver of Premium
Max. Policy Cease Age
65 years old
Min. Policy Term
Min. Entry Age
18 years old
Max. Entry Age
59 years old
World-wide cover is available. However, when making a claim, the insured person must normally be in the UK or within the specified geographical limits.
The geographical limits are: European Union, Switzerland, Norway, Channel Islands, Isle of Man, USA and Canada, Australia, Hong Kong, South Africa and New Zealand.
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.
The Scottish Provident Disability Income Benefit policy is a traditional long-term income protection policy. Although the policy does not have many additional benefits it does contain all the core features of a leading income insurance plan.
The Scottish Provident income protection policy does not have any standard exclusions. However, in order to make a claim you would need to be in one of their specified countries (with the main countries being the USA, Canada, countries within the EU, South Africa and Australia).
Being part of the Royal London Group (along with Bright Grey), Scottish Provident is part of one of the largest insurance groups in the UK, having been formed back in 1861. The group as a whole serves 3.1 million customers.
A series of commonly asked questions with regards to the policy coverage of the Scottish Provident disability benefit product.
A. Income protection policies do not have exclusion periods, so you are covered as soon as the policy goes on risk.
As this type of cover is medically underwritten at the point of application the insurer should have sufficient information in order to make a decision as to whether they can offer cover and, if so, on what terms. Sometimes the insurer may feel it necessary place an exclusion on the plan (or increase the premiums) when a recent medical condition has been disclosed.
Please note that the initial deferred period is not an exclusion period, it is simply the length of time you would need to be off work incapacitated before the policy kicks-in (you should see your doctor and inform the insurer as soon as you cease working).
A. It is important to note that income payment protection plans payout for either 12 or 24 months so make sure not to confuse the two types of cover. Along with their short-term nature, as payment protection policies typically only cover people using the suited occupation definition of incapacity we do not tend to recommend them.
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’ve held a policy with Drewberry for several years now. They are always friendly, insightful and offer great service.