UK: SKANDIA TO LAUNCH NEW PROTECTION PLAN

Article Abstract:

Skandia aims to penetrate the protection market with its new menu protection plan under the Skandia Protect brand, with long-term care and life assurance options to be added to the critical illness product in what is claimed to be an innovative move. The company claims it will be the first to allow premiums to be converted to long-term care cover from life cover free of charge, increasing the attraction of long-term insurance. The 'rolling term' concept will be offered on life cover and guaranteed premiums will also be available on whole-of-life cover. People tend to take out long-term care insurance when they are 67, but the new product allows them to convert it from their previous life cover without increasing premiums or supplying further health information.

Accident & Health Insurance, Insurance Carriers, Direct Property and Casualty Insurance Carriers, Surety insurance, Medical Service and Health Insurance, Personal Property & Liability Insur, Property and casualty insurance, Skandia AB

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UK: SCOTTISH EQUITABLE TO LAUNCH PROTECTION PRODUCT

Article Abstract:

Scottish Equitable is set to launch a range of protection products, including business, mortgage and personal protection schemes, from 23 January 2001. Scottish Equitable Protect will target the trade with a GBu100,000 advertising campaign, using images of identical twins, showing that clients have different lifestyles and consequently diverse protection requirements. The company is confident that within three years it will be a leader in the protection market.

Advertising, Scottish Equitable

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UK: CANADA LIFE LAUNCH OFFSHORE SAVINGS PRODUCT

Article Abstract:

Canada Life has launched an offshore savings account. The account is a regular premium whole-of-life assurance policy designed from the medium to long term. It has a minimum investment of GB[pound] 250 per month or GB[pound] 2,500 a year. It has no maximum investment. A charge of 1.25% is made on each premium paid.

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