Free to Switch - average saving £300!*
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Big saving in monthly premium and no switching charge or arrangement fee |
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Security knowing there is no break in your cover when you switch providers to i:protect |
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Initial exclusion period is not applied and we confirm if you qualify for this in writing BEFORE you make any decision to go ahead |
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Keep the same level of cover you have with your existing provider |
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Simple on line process, no pressure, no sales people will call |
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Customer Service and Claims are based exclusively in the UK |
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Your policy comes with a 30 day money back guarantee |
* £300 saving on Mortgage Payment Protection Insurance - see money.saving.expert.com
i:protect Free to Switch is a simple on-line process that is built into the standard application process for our Mortgage Payment Protection and Lifestyle Protection products.
All you have to do: when prompted during the quotation simply confirm:
- that you have an existing payment protection policy in force
- you can meet the eligibility criteria
You can then switch your, Payment Protection, Income Protection or Mortgage Payment Protection Insurance provider to i:protect to save money. Most importantly, subject to confirmation, iprotect will confirm in writing that we will waive the usual initial 120 day unemployment exclusion period so you can switch your cover seamlessly and risk free. The Initial Exclusion Period is explained in more detail below.
What types of policy can I switch to save money?
You can switch cover and save money on any of the following policies you currently hold without any gap in your cover:
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Mortgage Payment Protection Insurance
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Income Protection Insurance
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Payment Protection Insurance
I am thinking of switching what do I need to do?
First of all, what sort of policy do you have? If you have a Payment Protection Policy of or Income Protection policy these can be easily transferred to i:protect Lifestyle Protection Insurance using our seamless free-to-switch process.
If you have a Mortgage Payment Protection policy (sometimes called Mortgage Protection or MPPI) i:protect Mortgage Payment Protection would be your money saving option to use our free-to-switch process for an easy and risk free transfer to i:protect.
To read more information about each product click on the links above or if you already have this cover and simply want to find out how much you could save by moving to i:protect why not get a quote rights now. See links below.
Please click on the link below that is appropriate for you
It is well worth getting a quote if you can meet this Eligibility Criteria:
If you have an existing payment protection policy such as income, mortgage or loan protection, you can easily transfer to i:protect. If you choose i:protect, subject to some exceptions, the underwriter will waive the initial exclusion period (see defintion below) when you meet the following conditions and can provide a copy of your existing insurance schedule if requested:
- You are able to provide the name of your existing insurer
- You can confirm that you have had the existing policy for more than 6 months
- You are applying for the same benefit amount as on your existing policy
- You can confirm that your existing policy is still active and that it has not been cancelled
- You can confirm that you have not made a claim against your existing policy in the last 2 years.
And remember, to protect you, Free to Switch policyholders are underwritten and cover is not granted (ie your policy does not start) until you receive confirmation from iprotect in writing. This process ensures your existing policy continues to cover you until you can make a seamless switch to i:protect.
Your Questions Answered |
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Why is is called Free to Switch?
We are pleased to tell you that the Underwriter has agreed to consider any customer who meets the Eligibility Criteria to switch cover from their existing provider. For all those accepted the change of cover is:
- FREE of any exclusion period
- FREE of any arrangement fee
- FREE of concern there could be a gap in cover
This is why we call this initiative "Free to Switch"
What is the advantage for me if I decide to switch?
You can take advantage of i:protects highly competitive rates and first class service because the switch to i:protect can be completed entirely on-line there are no middlemen or commission paid to intermediaries. As you would expect with any offer of this nature, there can be exceptions and the insurer must therefore reserve the right to vary the terms and the exclusion period as appropriate to meet individual circumstances.
A quotation only takes a few minutes and can be completed on line.
No sales staff will call, we offer a free of obligation quotation to all customers.
Explain the 'Initial Exclusion Period'
i:protect Free to Switch customers can switch to a new policy without an initial exclusion period being imposed. This removes one of the biggest risks that is also the greatest disincentive to taking out a new policy, because if you take out a new policy you generally cannot claim for unemployment for 90 or 120 days for Mortgage and Income Protection respectively.
Exclusion periods, as they are often called, can put you at risk. They are applied to virtually all new policies. The Underwriters will only issue a new policy with this exclusion applying. A notification of redundancy during this time would not be an allowable claim. This is the reason, especially at this time of economic uncertainty, that many people feel they dare not change provider whatever the cost.
It is to overcome this barrier to switching that i:protect designed the free-to-switch process.
*Money.saving.expert.com MPPI Buyers Guide explains how at least £300 can be saved by switching to a stand alone Mortgage Payment Protection provider and show iprotect as one of the cheapest in the UK. Also compare i:protect premiums through Moneysupermarket.com the leading UK price comparison site for Payment Protection Insurance.