Who are the Underwriters of Assura Protect Term Life & Critical Illness Insurance Policies?
Life Cover is underwritten 100% by AmTrust at Lloyd’s Syndicate 44. The Lloyd’s Managing Agent for AmTrust at Lloyd’s -Syndicate 44 is AmTrust Syndicates Limited (Registered Number 04434499) which is entered in the Register of Lloyd’s managing Agents. AmTrust Syndicates Limited is authorised and regulated by the Financial Conduct Authority and entered on its register under number 226696.
Critical Illness Cover is underwritten 100% by AmTrust Europe Limited. AmTrust Europe Limited is registered in England (Registered Number 1229676) and is authorised and regulated by the Prudential Regulation Authority and Financial Conduct Authority– Financial Services Register number 202189.
Are Assura Protect policies covered by the Financial Services Compensation Scheme (FSCS)?
Yes the both policies are covered by the FSCS. Most insurance contracts are covered for 90% of the claim with no upper limit.
What is the maximum amount of cover available from Assura Protect?
For guaranteed acceptance and if you are below the age of 55 the maximum cover available is £100,000 for term life and £50,000 for critical illness. If you require more coverage or coverage of pre-existing conditions please call an Advisor at +44 333 433 2484 and we can start the underwriting process specific to you needs.
What are pre-existing conditions?
A pre-existing condition is any condition, injury, illness, disease or related condition and/or associated symptoms, whether diagnosed or not, that you knew about or should have reasonably known about, or seen/arranged to see a doctor about, in the 36 month period immediately prior to the start date of your insurance.
Please see the Critical Illness Cover Policy Document for a detailed explanation of the conditions and exclusions.
What happens to the insurance premiums after the initial 5 year fixed period?
There is a small possibility, albeit unlikely, that the underwriters might have to increase premiums to reflect any changes in global life re-insurance markets.
The good news is since the start of this product the under writers never have had to increase premium rates.