If An Insurance Provider For Critical Illness Cover Wants To Seek Information From My Doctor, Will T
There are many reasons why this is an advantage to both the provider and the person taking out the insurance
. Doctors reports do cost the insurance industry thousands of pounds every single day and so the reduction in this will cost the provider less money. This will then also help to speed up the application process for the individual as any information they may require may be asked directly whether that it is in the form of a tele interview with the client or a letter to the client. This then means that the client is then in control of how long the information then takes to be received by the insurance provider to then make an underwriting decision.
There are a number of different options available to an insurance provider of critical illness cover in order to seek further information about the client, and each way can take anything from a day perhaps to even a few months if not more. There has been a lot of discussion regarding the time taken by doctors to complete the report requested. Once an insurance provider decides that they need information from the doctor and they have a signed medical consent form from the client they will then write out the doctor within a few working days and therefore the doctor normally receives the report typically within a week of it being issued. This is however dependent on the postal service and the administration team at both the insurance providers and doctors surgery but a week is normally enough time for them to receive it. Once the report is with the doctor the insurance provider is in the hands of the doctor as to when he or she will then complete it. It has been known that some doctors can turn around the reports fairly quickly and can even be returned back within a week of receiving it however with other doctors it may seem like an up hill battle to get it back within a reasonable time as they say they are too busy. The doctors do get a paid a fee by the insurance providers and in some cases the fee will be paid upfront if requested by the doctor. The worry is that for some people the longer the insurance report takes to be completed the longer they are then not on cover and the worry may be that they could suffer an illness in the time it takes for a doctor to sign and complete the report and then for it to be underwritten by the insurance provider. Some insurance providers of critical illness cover do offer clients free cover until the plan has been agreed and placed on risk by the client, but the terms of such free cover will depend on the insurance provider.
The length of time taken to complete the report is becoming a concern to the Association of British Insurers and they have previously stated that if a doctor is taking a long time to complete the report then they should be reported to the British Medical Association. It does sometimes help however if the client taking out the critical illness cover speaks to their doctor themselves and stress the need for the report to be completed as soon as possible. Doctors can also be on holiday and therefore delay the process by a couple of weeks if another is not able to complete the report in the meantime.
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