Zurich-owned OnePath Life has established 10-year premium projections on alteration quotes for OneCare and OneCare Super policies to provide advisers and their clients greater certainty and clarity about their policies.
The 10-year premium projections enable advisers to inform their clients about the estimated future cost of their premiums on the spot, instead of the current manual process where advisers contact OnePath Life. The enhancement automatically shows up when a quote is generated through OneView Life.
“OnePath Life is on a new path to increase the understanding, engagement, and interaction clients have with their insurances,” said Gerard Kerr, OnePath’s head of propositions and group life. “Developing tools such as the 10-year premium projection tool is another example of our ongoing development.”
Earlier this year, OnePath Life introduced the ability to quote on increases and decreases for OneCare policies through OneView Life, enabling advisers to generate a quote to either reduce, remove particular covers, or increase existing OneCare policies.
“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,” Kerr said.