Paymentshield offers limited protection panel

'The Paymentshield Protection Club' consists of Norwich Union, Scottish Provident, Standard Life and Scottish Widows.

Commenting on the new offering Graham Boulger group commercial director said “This is a compelling proposition, not only is it the only limited panel in the market with a simplified operating model such as the generic application form covering all insurers but we are paying probably the highest commissions in the market”

On the choice of insurers making up the panel Boulger said “We have two established and well known players in Norwich Union and Scottish Provident and two providers returning to the protection market with quality products and an aggressive pricing strategy. For instance the Scottish Widows products available from the club are priced substantially lower than Widows standard offering and compete head on with products from Friends Provident and Legal & General”