Bridging the Gap: Income Protection & Diabetes

Helen Croft  Helen Croft, Underwriting and Claims Strategy Manager 

11 September 2018

People with diabetes

It’s commonly believed that income protection is not available for people with medical conditions such as diabetes. At AIG we want to make it easier for people with chronic medical conditions to get the insurance they need so we are now offering income protection to people with diabetes.

Diabetes is one of the most common medical conditions in the UK.  There’s currently estimated to be over 4 million diabetics in the UK along with a significantly increasing trend in people being found to have a pre-diabetic condition known as impaired fasting glucose*.

Historically people with diabetes have struggled to obtain income protection insurance which meant they were unprotected should they be unable to work for a prolonged period of time. People living with diabetes may have to deal with short or long term complications as a result of their condition such as eye, heart, kidney or feet problems, which could affect their ability to do their job.

We’re always looking for ways in which we can help bridge the protection gap, in this case doing so by offering income protection cover for those with diabetes. Initially we’ll consider income protection to those who have good control of their condition and don’t have other medical conditions or complications such as eye or kidney problems**.

To keep our offering as simple and straightforward as possible, there’ll be no restrictions to the retirement age, no minimum deferred period and no routine blood tests due to diabetes.***

These changes follow our revamp of our diabetes rules for Life cover in 2017, where we streamlined our online underwriting rule and introduced immediate decisions for well controlled diabetics.

As part of our income protection relaunch we’ve also reviewed our stance on occupations and now offer income protection for many manual workers who would previously have been declined cover. Alongside this, we’ve widened our product to include more occupations on own occupation definition, meaning more people can get income protection on the most straight forward and easy to understand definition.

What does this mean in real terms?

Let’s look at a case example: It’s now possible for a diabetic builder in his early fifties to get full income protection cover to the retirement age of 70 on an own occupation definition basis and a 4 week deferred period with only a small increase in premium for his diabetes.

These significant changes mean that more people can now get the cover they need, on a definition they understand.

To discuss this subject further, please contact our Business Development Team on 0345 600 6829. Alternately, you can visit our dedicated webpages.


* Diabetes UK

** We’ll need to obtain a medical report to establish the full details of diabetes.

***Blood tests may be needed for other reasons such as routine requirement based on the amount of coverage requested.