Bupa join the panel with immediate effect allowing Paradigm Partner and Paradigm Mortgage Services members to access its suite of protection products which includes income protection, life cover and critical illness cover.
In 2010 both the critical illness and income protection products were re-accredited with a 5-star rating from Defaqto.
Bupa also offer a number of added-value features to clients including:
- Bupa Healthline – clients can call confidentially for researched health information 24 hours a day, 365 days a year.
- Best Doctors – offers clients access to independent medical advice.
- Fracture Option – gives clients the additional reassurance that, should they suffer one of 18 specified fractures, a cash lump sum may be paid.
- Reinstatement Option – gives clients the choice of applying for additional cover that will enable them to take out a new membership to provide limited cover following a claim.
Those protection providers accepted on to the Paradigm Elite Panel pay enhanced commission terms to intermediaries that agree to only select products from the providers in question. For Paradigm members access to the panel is granted once an appropriate agreement has been signed.
Bob Hunt, Chief Executive of Paradigm Mortgage Services, commented:
“At Paradigm, we continue to develop our stand-alone protection proposition and the addition of Bupa to our Elite panel of providers adds a further range of products for advisers using the panel to choose from.
Having secured highly competitive terms, members will now be able to work with another of the UK’s top protection providers which are absolutely committed to the adviser market and one who ensures it has the resource and service it needs to deliver quality protection advice.
The addition of Bupa is just the first step for Paradigm in providing a much more significant and substantial protection proposition which offers a variety of products and services to advisers.
We will be making further announcements in the very near future and we would urge Paradigm members, and other independent intermediaries, to visit the website to gain full information on how they can get the most out of this new relationship with Bupa.”
Steve Casey, Head of Sales and Product Development at Bupa Individual Protection, said:
“We are delighted to have been appointed to the Paradigm Elite protection panel. This provides a far wider range of advisers with access to our award-wining income protection and critical illness products. We look forward to working with the advisers to offer bespoke protection plans for their customers.”
