Aviva offers interim accident cover
AvivaAustralia has announced that it will be offering clients’ interim accident cover as soon as the Statement of Advice has been completed and before assessment.
Aviva is offering 10 days interim accident cover of up to $1 million to clients if their adviser recommends Aviva in the Statement of Advice.
Aviva general manager of wealth protection products Natalie Eckersall said the interim accident cover would make it easier for advisers to provide protection to clients.
“Most other insurance companies provide cover upon receipt of a completed application. We will be taking this a step further by offering 10 days of interim accident cover if an adviser recommends Aviva in their Statement of Advice,” she said.
“Clients will benefit by knowing that they are immediately protected in case of an accident whilst considering their insurance options.”
According to Eckersall, interim accident cover can continue for a further period of up to 90 days, following receipt by Aviva of a completed application form.
“This is a win-win for all; clients can be protected for the 10 day period, which gives the client time to consider the Statement of Advice and a deadline to prompt them to accept their adviser’s recommendation.”
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
