Close to 50% of insurance applications will be accepted upon signing
QUEBEC CITY, May 29, 2017 /CNW Telbec/ - iA Financial Grouphas announced today that it is simplifying and accelerating the application process for its individual insurance products. Representatives will be able to confirm acceptance for almost half of their clients instantly at the point of sale for all life, critical illness and disability insurance products offered by the company.
No more paper and no more waiting up to four or five weeks!
In order to make the insurance application process easier for advisors and clients, iA Financial Group is announcing the easing of medical requirements for clients aged 50 and under who apply for life insurance coverage of less than $500,000. As a result, these clients will no longer have to provide a blood test, results of vital signs or a urine analysis. Moreover, EKG and stress EKG tests are no longer required for life insurance and critical illness insurance for all age ranges.
To simplify the application process even further, the new technological platform put in place to allow these major innovations (EVO) offers many distinct advantages, including an automated rating engine and the use of an electronic signature.
"We are aligning our efforts to make applying for insurance easier and faster, as much for our representatives as our clients, stated Pierre Vincent, Senior Vice-President, Individual Insurance and Sales at iA Financial Group. Our new simplified and accelerated application process was made possible by the introduction of an innovative electronic platform and the easing of medical requirements. This is fully in line with our commitment to making it simple, easy and pleasant to do business with iA Financial Group."
About iA Financial Group
Founded in 1892, iA Financial Group celebrates its 125th anniversary this year. iA Financial Group offers life and health insurance products, mutual and segregated funds, savings and retirement plans, RRSPs, securities, auto and home insurance, mortgages and car loans, and other financial products and services for both individuals and groups. It is one of the four largest life and health insurance companies in Canada and among the largest publicly traded companies in the country. iA Financial Group stock is listed on the Toronto Stock Exchange under the ticker symbol IAG.
iA Financial Group is a business name and trademark of Industrial Alliance Insurance and Financial Services Inc.
SOURCE Industrial Alliance Insurance and Financial Services Inc.
For further information: Pierre Picard, Public Relations Manager, Telephone: 418-684-5000, ext. 101660, Email: firstname.lastname@example.org