OnePath Life has established 10-year premium projections on alteration quotes for OneCare and OneCare Super policies.
The move aims to provide greater certainty and clarity for advisers and their clients.
The projections mean that advisers can have more meaningful conversations with their clients about the estimated future cost of their premiums, facilitating greater understanding and trust.
It replaces the current manual process where advisers contact OnePath Life, rather than doing the projection on-the-spot with their clients.
OnePath’s Head of Propositions and Group Life, Gerard Kerr, says the insurer intends to continue investing in its products and enhancements.
“OnePath Life is on a new path to increase the understanding, engagement, and interaction clients have with their insurances. Developing tools such as the 10-year premium projection tool is another example of our ongoing development,” said Kerr.
Earlier this year, OnePath Life introduced the ability to quote on increases and decreases for OneCare policies through OneView Life (see: OnePath Enhances Quoting Capability…).
The insurer stated that both enhancements were designed to make OneCare insurance policies more flexible and relevant to the changing needs of clients.
“OnePath Life recognises there is always more to do to make insurance better, and we are building a good track record of enhancements and innovation that show true commitment to this goal,” said Kerr.
The 10-year premium projections automatically shows up when a quote is generated through OneView Life.
