Clearview has announced enhancements to its flagship ClearChoice product, effective 2nd April, 2023.
Key enhancements include:
- Changes to Income Protection (IP) product names to increase clarity.
- Clients on the top level of IP cover will now will now be paid 70% of pre-disability income until their cover expires (previously capped at 60% from age 60, now 70% can continue through to age 65).
- The Income Support Booster Option will also be available on policies with a 90-day waiting period, in addition to the existing 30 and 60-day waiting periods.
- TPD cover extended to age 70, with a change in definition at age 65.
The company says that the enhancements coincide with “…strong new business sales across ClearView’s life insurance business.”
In the six months to 31 December 2022, ClearView reported life insurance new business of $11.3 million, up 9% on the previous corresponding period.
Click here for more information on Clearview’s updates, including a statement from Managing Director Simon Swanson.
