Claiming back of extra loading on life insurance?
 

Hello, I was hoping somebody could point me in the right direction of claiming back the extra loading on aircrew life insurance. I was told this was possible when I took out my policy last year. I enquired about this in my UPO but it only brought about a blank look. Thanks for any help.

JPA is your friend. Make a claim on JPA

Thanks for the reply. Do you know if you have to submit the claim every April or is it yearly from when your policy started?

I claimed a few years worth last year and I am fairly certain it involved a trip to PSF and some old fashioned though straight forward paperwork. You need a document certifying the extent of the 'loading', which my financial advisor sorted for me. Which again semi confirms the process of claim and audit in a oner.

Vec,

This statement confirms something a lot of us have suspected for a long time.

The process used to be done on JPA and was actually very simple, especially as it automatically re-submitted 12 months later. Now you fill out a SRIPS form from PSF. The form is quite simple but 'needs' to be signed by a rep from your insurance company to confirm the validity. You are entitled to a 90% refund of the additional premium you pay for service risk. Ie if you were a civvy and paid £100 per year and then paid £150 once in the forces, you can claim back £45. You now have to claim yearly and it is given in your pay.

Thanks Hugh, I will get onto it next month when I get back from Norway.