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OnePath Life introduces 10-year premium projections for existing OneCare policies

29 Oct 2019
From
Gerard Kerr

Gerard Kerr

OnePath Life has established 10-year premium projections on alteration quotes for OneCare and OneCare Super policies, providing greater certainty and clarity for advisers and their clients.

The projections enable advisers to have more meaningful conversations with their clients about the estimated future cost of their premiums, facilitating greater understanding and trust. It replaces the current manual process where advisers contact OnePath Life, rather than doing the projection on-the-spot with their clients.

OnePath’s Head of Propositions and Group Life, Gerard Kerr said OnePath will continue to invest in its products and enhancements as it takes a ‘new path’ to make insurance better.

“OnePath Life is on a new path to increase the understanding, engagement, and interaction clients have with their insurances. Developing tools such as the 10-year premium projection tool is another example of our ongoing development.”

Earlier this year, OnePath Life introduced the ability to quote on increases and decreases for OneCare policies through OneView Life, giving advisers the capability to generate a quote to either reduce, remove particular covers or increase existing OneCare policies.

Both enhancements have the similar goal to make OneCare insurance policies more flexible and relevant to the changing needs of clients.

“OnePath Life recognises there is always more to do to make insurance better, and we are building a good track record of enhancements and innovation that show true commitment to this goal,” said Kerr.

The 10-year premium projections automatically shows up when a quote is generated through OneView Life.

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