Treasury written question – answered at on 12 June 2014.
To ask the Chancellor of the Exchequer if he will take steps to encourage insurance companies to set travel insurance premiums for the elderly based on their state of health rather than their age.
Insurers take into account a range of different factors when considering risk and decisions concerning the pricing of insurance products are a commercial matter for individual insurers. The Government does not seek to intervene in these decisions.
The insurance industry recognises that older people can face difficulties finding appropriate travel insurance and in 2012 signed an agreement, endorsed by the Government, to re-direct older customers to an alternative insurer or to a specialist insurance broker where they cannot provide insurance themselves.
Yes1 person thinks so
No0 people think not
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