QPR Database V15.5 has been released!
Our Research team have made some monstrously good updates to the QPR database recently. If you’ve noticed we’re running a bit slower than usual, please refresh your page and scroll down to ensure that you’re on our latest version – QUOTE ENGINE V.3.0 B1 | QPR V.15.5 | WEB V4.5.1
Our latest updates to Researchmonster include:
- Medical claims model update
- claims scenario increased to $100K
- new benefits added: ‘Child Features’, ‘Skin Lesion Surgery’ and ‘Medical Tourism’
- item removed: ‘Product Flexibility’
- ‘Minor Surgery’ updated to ‘GP Minor Surgery’
- Chubb Life – new policy document for Assurance Extra Business Life, Trauma and TPD effective 26 June 2023
- rating changes applied
- standalone trauma cover added and rated
- Partners Life – TPD item in Trauma updated to optional effective 6 October 2023
- Accuro – new policy document for SmartCare and SmartCare+ effective 1 September 2023
- AIA – new policy document for AIA Living Umbrella, Income, and Mortgage Protection effective 31 July 2023
- rating changes applied to ‘Inflation Adjustment’
- AIA Legacy renamed to AIA Real
Reviews:
- Life Income: reweight made to ‘Terminal Illness Booster’
- Trauma: remediation to ‘Cancer Benefit Booster’
- Income and Mortgage Protection: remediation to ‘Offsets’
- TPD: ‘TPD Main Cover Definition’ – remediation to Any Occupation
Standalone Head to Head is a powerful tool subscribers can use to:
- Compare legacy products for replacement business – a list of the products available in this feature can be found here.
- Compare products from the same provider; e.g., AIA Critical Conditions vs Progressive Care
- Compare different product sets; e.g., Severe Trauma vs Comprehensive Trauma
- Quick research comparisons without entering in client details
Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.
Our latest updates to Advicemonster include:
Business Insurance quoting, research and needs analysis functions for lump sum cover (Life, Trauma and TPD).
You can now produce a Business Statement of Advice (SOA) supported with pricing and research (on lump sum products only). If your organisation would like training on how to produce a Business SOA using Advicemonster, please contact us.
Please note this feature is still in Beta version so please reach out to us if you have any feedback that you would like us to consider in our next round of development.
A highly requested infographic Health Benefit Maximum is now available to Researchmonster and Advicemonster users and is in the Research Tools option in your main menu. This quick reference guide aims to help advisers quickly identify some of the important differences when it comes to health cover benefit maximums. It doesn’t include every individual niche benefit that some insurers offer, and some benefits can only be claimed on under specific circumstances (e.g., within 12 months of surgery).
If you have any questions regarding these please feel free to email us on [email protected]
Happy Crunching!
