Free to Switch Quote
I have an existing Income Protection Policy or a Payment Protection Policy (PPI Policy) |
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| OR | |
I have an existing Mortgage Payment Protection Policy |
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AND
Able to meet the Eligibility Criteria below:
Eligibility Criteria
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 you are able to provide a copy of your existing insurance schedule if requested:
1. You are able to provide the name of your existing insurer
2. You can confirm that you have had the existing policy for more than 6 months
3. You are applying for the same benefit amount as on your existing policy
4. You can confirm that your existing policy is still active and that it has not been cancelled
5. 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.
Please note you will not be able to increase your chosen benefit amount or reduce your excess period(s) within the first 90 days of your new policy.
Definition of the initial exclusion period
This is 60 days for a New Mortgage and 120 days for an Existing Mortgage commencing from your start date during which you cannot make an unemployment claim.
A new mortgage is defined as having been completed within the last 30 days. An existing mortgage is defined as having been completed outside the last 30 days.
The standard initial exclusion period for an Income Protection/Lifestyle policy is 120 days.
The rule above will apply unless you have been accepted by us on a reduced (or nil for 'Free to Switch') initial exclusion period or you have been notified and we have received your agreement in writing of an extended initial exclusion period.