OnePath Life has established long-term premium projections on alteration quotes for OneCare and OneCare Super policies as part of efforts to provide greater certainty and clarity for advisers and clients.
The projections enable advisers to have more meaningful conversations with their clients about the estimated future cost of their premiums, facilitating greater understanding and trust, according to a statement.
It replaces the current manual process where advisers contact OnePath Life, rather than doing the projection on-the-spot with their clients.
The 10-year premium projections automatically show up when a quote is generated through OneView Life.
OnePath’s head of propositions and group life, Gerard Kerr, said OnePath would continue to invest in its products and enhancements as it takes a “new path” to make insurance better.
“OnePath Life is on a new path to increase the understanding, engagement and interaction clients have with their insurances,” Mr Kerr said.
“Developing tools such as the 10-year premium projection tool is another example of our ongoing development.
“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.”
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