Home / Types of Life Insurance Policies / - Bright Grey, Life Insurance Company
Bright Grey is a division of The Royal London Mutual Insurance Society Limited and acts as the groups’ protection (life insurance, income protection, and critical illness) specialist.
As a specialist division within the Royal London Group, Bright Grey focuses purely on protection insurance. Bright Grey channelled their efforts into developing a range of covers that can be mixed and matched to create a protection plan that meets the customers needs exactly.
Royal London was established over 150 years ago as a mutual insurer. This means that they have no “shareholders”, the business is owned by the “members”. The members share in the profits of the business in the form of bonuses paid on with profit policies.
The Royal London Group also includes Scottish Life, Bright Grey and Royal London Asset Management. Royal London took over Refuge Assurance and United Friendly in 2000 and Scottish Life in 2001.
Royal London Group are the UK's largest mutual life and pensions company. The Group has over three million customers and funds under management of £29.5 billion (as at September 2006).
18 January 2008 11:49:05
The life insurance options of people concerned about strokes could be widened if a new screening method is approved.
Scientists at the University of Leicester have suggested that military radar systems could help improve early diagnosis and monitoring of stroke victims.
They argue that techniques used in the radar systems can be modified to help target the condition, which is the UK's third most common cause of death.
Joanna Cowe, a military systems engineer who works at the university's medical physics group, has been using radar techniques to improve the operation of medical ultrasound devices and how they detect blood blockages.
"Doppler ultrasound can be used for the detection of emboli in the cerebral circulation and can also be used to monitor the blood flow through vessels to assess if there are any problems such as blockages," she explained.
A quarter of strokes are caused by emboli - blood clots or other foreign bodies which block small blood vessels in the brain.
"Research into the detection of emboli using ultrasound has the potential to reduce stroke death and disability rates," concluded Ms Cowe.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, critical illness and life insurance advice online
08 November 2007 14:01:21
The benefits of critical illness cover in relation to heart disease and strokes have been demonstrated in Mexico.
According to medical professionals there, the country's new health insurance programme has had a positive effect on treatments available for hypertension, a risk factor for cardiovascular disease and stroke.
Adults insured through Seguro Popular, created to extend health insurance to the nation's 50 million uninsured inhabitants by 2010, are now reportedly more likely to receive treatment for hypertension and have their blood pressure controlled than those without health insurance.
"Lack of health insurance has been consistently identified as a key obstacle to hypertension treatment," explained Dr Sara Bleich , assistant professor in the department of health policy and management at Johns Hopkins Bloomberg School of Public Health.
A survey commissioned by the Stroke Association recently revealed that a large proportion of people in the UK lack basic "stroke awareness", with just under half of older people admitting they would wait 24 hours or more to take action if someone was experiencing the symptoms of a stroke.
The charity pointed out that this would leave those experiencing the condition in danger of severe disability or even death.
An estimated 150,000 people have a stroke in the UK every year.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, critical illness and life insurance advice online
12 April 2007 15:50:36
Bright Grey has announced it is set to implement the Association of British Insurers' (ABI) new standard critical illness definitions from next week.
It is hoped that the move will allow consumers to more easily see what areas are covered in policies and ensure that critical illness insurance products remain serviceable long in to the future.
The ABI's best practice statement has been long awaited and has been praised from many quarters.
Roger Edwards, the product director at Bright Grey, remarked: "The ABI definitions should bring greater clarity for customers through the revised headings.
"Like all providers, we've been through a reassurance re-broking process in order to introduce these new standard definitions, and we've taken the opportunity to investigate where we can include new illnesses and go beyond some of the definitions."
The company has also announced that it is set to introduce four new illnesses to its critical illness cover, including severe lung disease resulting in permanent symptoms.
