{"id":43215,"date":"2018-12-11T21:48:37","date_gmt":"2018-12-11T11:48:37","guid":{"rendered":"https:\/\/riskinfo.com.au\/news\/?p=43215"},"modified":"2018-12-11T21:48:37","modified_gmt":"2018-12-11T11:48:37","slug":"neos-introduces-online-alteration-capability","status":"publish","type":"post","link":"https:\/\/riskinfo.com.au\/news\/2018\/12\/11\/neos-introduces-online-alteration-capability\/","title":{"rendered":"NEOS Introduces Online Alteration Capability"},"content":{"rendered":"<p>NEOS Life has launched an\u00a0online alteration capability to its services and in its first phase will provide the ability for advisers to transfer the ownership of an existing policy inside, or outside of superannuation, using the same application process as for new business.<!--more--><\/p>\n<figure id=\"attachment_43074\" aria-describedby=\"caption-attachment-43074\" style=\"width: 150px\" class=\"wp-caption alignright\"><a href=\"https:\/\/riskinfo.com.au\/news\/files\/2018\/11\/Brett-Yardley_LR_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-43074\" src=\"https:\/\/riskinfo.com.au\/news\/files\/2018\/11\/Brett-Yardley_LR_cropped.jpg\" alt=\"\" width=\"150\" height=\"181\" \/><\/a><figcaption id=\"caption-attachment-43074\" class=\"wp-caption-text\">NEOS Life Managing Director,\u00a0Brett Yardley<\/figcaption><\/figure>\n<p>The policy transfer process will take place completely online and will require an\u00a0adviser to create a new quote\u00a0with the policy structure required, select the \u2018replacement cover\u2019 option and outline which benefits are being replaced with the remainder of the transfer handled by NEOS.<\/p>\n<p>NEOS Managing Director,\u00a0<strong>Brett Yardley<\/strong> said alteration process were time consuming and subject to errors as most insurers made alteration, such\u00a0as transfers of ownership, using a paper application and manual processes.<\/p>\n<p>\u201cAdvisers often don\u2019t get paid for the work involved in a policy alteration; they\u2019re doing it in the best interests of their client,\u201d Yardley said.<\/p>\n<p>\u201cThe challenge of ordinary to super transfers has long been an issue raised by advisers with insurers. We\u2019ve therefore prioritised delivering a solution to this adviser pain point as part of the build of our online alterations capability,&#8221; he added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEOS Life has launched an\u00a0online alteration capability to its services and in its first phase will provide the ability for advisers to transfer the ownership of an existing policy inside, or outside of superannuation, using the same application process as for new business.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,5,5622,7,230],"tags":[],"class_list":["post-43215","post","type-post","status-publish","format-standard","category-products","category-services","category-superannuation","category-technology","category-underwriting"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/43215","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=43215"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/43215\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=43215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=43215"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=43215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}