National Friendly now supports BMI queries in its income protection services on The Exchange.
- The inclusion aims to offer brokers enhanced price accuracy by integrating height and weight metrics.
- This feature aligns National Friendly with other partially underwritten quote providers on The Exchange.
- The update is designed to streamline the insurance application process for better broker experience.
- National Friendly has also introduced several service enhancements to improve broker offerings.
Iress has recently confirmed that National Friendly has incorporated Body Mass Index (BMI) parameters into its income protection quotation and application service on The Exchange. This strategic integration is intended to provide a more comprehensive and accurate pricing system, enabling brokers to deliver better value to their clients. By factoring in height and weight, the quotations promise greater pricing precision for National Friendly’s short-term and accident-only income protection products.
The Exchange serves as a pivotal platform where numerous product providers converge with income protection brokers, fostering a collaborative environment aimed at delivering optimal products to customers. National Friendly’s move to include BMI criteria positions it alongside several other providers offering partially underwritten quotes, reinforcing their commitment to transparency and trust within the industry.
“We are pleased to support National Friendly with this initiative,” mentioned Jacqui Durbin, global head of product for sourcing at Iress, noting that this addition provides a trusted means of sourcing National Friendly’s offerings. The strategic adjustment is hailed as advantageous for all parties involved in the insurance sector.
Moreover, as part of its commitment to enhancing broker experience, National Friendly has introduced several improvements this year. These include a more streamlined application process, optional Fracture Cover, and the introduction of Level Premiums. According to Gifford Clay, head of intermediary sales at National Friendly, these changes are crafted to empower brokers, enhancing their service delivery and expanding customer choice.
The addition of BMI to National Friendly’s offerings on The Exchange represents a step forward in modernising broker services and enhancing product transparency.
