Royal London has removed restrictions to its underwriting philosophy put in place last year due to COVID-19. The mutual insurer will continue to ease restrictions with the aim of returning to a pre-pandemic underwriting philosophy.
For further information please contact:
Eliot Woolfe, Press Officer
- Email: email@example.com
- Tel: 02032 725332
- Mob: 07919 170488
Notes to Editors
- Six in ten of the applications that will now be offered terms for cover is based on previous application information.
- The underwriting decision is dependent upon a customer’s answers to the application form questions and any other information evidence gathered during the underwriting process. Some aspects of a customer’s medical history may merit an additional premium rating on top of the standard rate. If the sum of any additional premium rating exceeds the maximum for the given age band, the applicant’s cover will be postponed.
About Royal London
Royal London is the largest mutual life insurance, pensions and investment company in the UK, with assets under management of £148 billion, 8.8 million policies in force and 4,412 employees. Figures quoted are as at 31 December 2020.