Door to claims heaven, or hell
You have a choice of going through one of two doors. One leads to heaven, one to hell.
You’d like to have a clue as to which was which, wouldn’t you?
And rightly so. There’s quite a lot at stake.
Now, think of those two doors again.
Instead of being the doors to heaven and hell, they are the doors to two life insurance offices.
Both are offering the life, trauma and disability insurance people buy to see their family right in case they should die or fall very, very sick.
But one insurer is hell to deal with at claims time, and declines 31 per cent of trauma insurance claims, while the other is heaven and declines just 5 per cent.
Again, you would want to know which was which.
Well, Britons now get information about the claimspaying rates of their insurers, and Australians will do soon, following the horror findings of a review by consumer watchdog