Making it easier and faster for your clients to get their cover
New underwriting limits mean around 44% fewer clients will need a mandatory medical test*
The new limits mean more of your clients can apply for higher sums insured, without a mandatory medical test – making it easier to get them cover, sooner.
Creating a more streamlined underwriting process, these updates can save you and your clients time, help you deliver an even better client experience and make it easier to do business with us every day.
Under the new limits, around 44% fewer Accelerated Protection applications will need to have a mandatory medical test, providing faster underwriting decisions for Life, TPD and Income Protection applications.
The updates were informed by an evidence-based analysis of our historical underwriting limits and underwriting decision data, as well as input from TAL’s Health Services team. It means we’ll continue to ask the right questions to appropriately manage risk, price our products fairly, and ensure we’re here to support your clients long-term.
All balanced, of course, by our ambition to make underwriting as quick and simple as we can.
Some of the changes we’ve made to create better client experiences
Life and TPD
Clients aged up to 49 can now apply for cover up to $2 million without mandatory medical tests (increased from $1.5 million).
Income Protection
Clients aged up to 44 can now apply for cover up to $15,000 p/m without mandatory medical tests (increased from $12,500 p/m).
Reduced testing
We’ve removed some mandatory tests for larger sums insured to further simplify underwriting for your clients. You’ll find all those details in the fact sheet.
"With these new limits, we’re helping your clients access the comprehensive protection they want more quickly and simply.
I’m proud that we’ve been able to do this without compromising our focus on fair, sustainable pricing or our commitment to paying claims when we say we will."
Liesje Jansen van Rensburg
TAL General Manager, Performance, Portfolio Management and Underwriting
Any questions?
Reach out to your local TAL sales team or BDM if you have any questions about our new underwriting limits.
* Based on TAL Accelerated Protection applications for the 12 months to 30 June 2024. Individual advisors’ experience could differ based on their own portfolio of clients.