Ageas Protect has rolled out new individual policy, Ageas Relevant Life Insurance, to allow businesses to provide its employees with life insurance outside of a group scheme.
The new product offers both the employer and employee benefit from tax relief advantages.
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Ageas Relevant Life Insurance, which marks the company’s entry into relevant life insurance market, is available for employees aged between 17 – 74 years.
It offers terminal illness cover, with no final year exclusion.
Ageas Protect managing director Darren Spriggs said the most important part of any business is its people, and the company is delighted to be entering into this important market having designed a product fit for purpose, in conjunction with consumer research and continually listening to financial advisers.
"Having launched Ageas Business Protection last year, which has been extremely wellreceived, our relevant life insurance is the next stage in Ageas’s drive to provide protection for businesses, and is a welcome addition to our overall proposition," Spriggs added.
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By GlobalDataAgeas Relevant Life Insurance is currently available to financial advisers in the UK on the company’s official website and via industry portals Iress and iPipeline.
