{"id":32311,"date":"2016-02-09T11:11:18","date_gmt":"2016-02-09T00:11:18","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=32311"},"modified":"2016-02-10T06:48:08","modified_gmt":"2016-02-09T19:48:08","slug":"bt-announces-first-ip-premium-increase-in-five-years","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2016\/02\/09\/bt-announces-first-ip-premium-increase-in-five-years\/","title":{"rendered":"BT Announces First IP Premium Increase in Five Years"},"content":{"rendered":"<p>BT has increased the premiums of its Income Protection policies by 10% from the start of February, citing rising claims as the driver for the increase.<\/p>\n<p><!--more--><\/p>\n<figure id=\"attachment_32313\" aria-describedby=\"caption-attachment-32313\" style=\"width: 150px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-32313 size-full\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2016\/02\/Scott-Moffitt-2.jpg\" alt=\"BT Insurance's Scott Moffitt\" width=\"150\" height=\"180\" \/><figcaption id=\"caption-attachment-32313\" class=\"wp-caption-text\">BTFG National Life Insurance Product Manager, Scott Moffitt<\/figcaption><\/figure>\n<p>BT Financial Group National Life Insurance Product Manager, <strong>Scott Moffitt<\/strong>, said the increase would cover all IP policies offered by advisers under the BT Protection Plans from February 1 2016, but BT would honour proposals already in the quotes process until 30 April 2016.<\/p>\n<p>Noting this was the first increase since 2011, Moffitt said the increase would be added to in force premiums throughout the year.<\/p>\n<h6>There has been a general increase in claims across the insurance industry&#8230;<\/h6>\n<p>\u201cWe have kept rates to the adviser market at the same level since February 2011 and are looking at the sustainability of the product and have reviewed prices as part of that,\u201d he said, adding, \u201cThere has been a general increase in claims across the insurance industry and despite the premium increase we have maintained our product range and features.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BT has increased the premiums of its Income Protection policies by 10% from the start of February, citing rising claims as the driver for the increase.<\/p>\n","protected":false},"author":3,"featured_media":32385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[4247],"class_list":["post-32311","post","type-post","status-publish","format-standard","has-post-thumbnail","category-products","tag-feature"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32311","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=32311"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/32311\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media\/32385"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=32311"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=32311"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=32311"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}