Unum set to extend cover to all UK postcodes

Unum is to offer cover across all UK postcodes in a move designed to remove hotspots from the group life market.

The provider is also increasing its free cover limit to £1.25m, improving its pricing and streamlining its medical underwriting.

All non-standard terms, including ratings, exclusions and declines, will be removed for amounts up to the revised scheme FCL.

Unum says it has been able to offer cover across the entire UK following a review of terrorist risk associated with hotspots such as Canary Wharf and the City and an assessment of the actual cost of terrorist attacks such as 9/11.

The provider has also reduced the number of caveats applied to quotes to make the process easier. In future these will only relate to risk evaluation data and employer requests for non-standard terms.

Paul Davies, marketing and business development director at Unum, says: “We are committed to stimulating market growth through the development of an attractive, relevant and affordable portfolio across the entire range of risk products.”