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AXA upgrades group insurance
An independent study has resulted in AXA upgrading its group insurance offering with a new pricing formula and service charter.
The new offer, launched this month, is the result of the independent study’s findings, which recommended refinements in both product and pricing.
According to AXA national group insurance solutions manager Stephen Rosengren, the key differentiator is the provision of a service charter covering all operational areas from underwriting to claims, quoting and disputes.
He said the company had also improved its quote service and was now offering an enhanced re-rating process.
Rosengren said the new group product offering included an unlimited maximum sum for death insurance and a maximum total and permanent disability (TPD) sum of $2.5 million, with the expiry age for death and TPD raised to 80 years.
AUTHOR
Mike Taylor
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