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Deal of the Week - Online cashback guarantee
A shopping website that guarantees to pay cash rebates on purchases from up to 1,000 online retailers
With-profits guarantees will cost policyholders
Insurers are relying on existing policyholders or shareholders to cover any shortfall for new “money back” guarentees increasingly offered to draw in risk averse investors.
Consumers not satisfied with comparison websites
The country’s leading price comparison websites, used by millions of consumers a week, are not giving their customers a good enough service, says a new study by Which?
Aviva guarantees with profits policies
Aviva has launched the market’s first product to offer a money back guarentee for with profits investors who hold their policies for five years or more.
Call for insurers to publish claims records
Income protection providers are being urged to follow the lead set by critical illness cover (CIC) insurers and open up their claims pay out records to customer scrutiny.
FSA urged to drop complaints plans
Loan insurance providers are urging the Financial Services Authority to drop plans to force them to reopen some 185,000 previously rejected customer complaints.
A third of Britons travel uninsured
Sainsbury’s Finance says uninsured travellers have paid more than £57m in costs that could have been covered by their insurer
Cost of care plan for needy criticised
Gordon Brown’s plan to provide free home-based social care for those with the highest needs has been attacked by two former members of the Royal Commission on Long Term Care
Providers review rates on term assurance
Term assurance providers are launching products offering more premium flexibility and added protection against “interest rate shock” in an effort to lure business back to the market.
Redundancy insurance terms ‘unfair’
Loan insurance providers have come under fire for using vague clauses to deny pay outs to borrowers forced out of their jobs in the recession.
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