GP report - how long does it take?

bright_side

Hi, I applied for a life insurance policy last week and as expected they requested a report from my GP. I received an email informing me of this on 27/3 and today an email stating that my policy is up and running and the first payment will be taken tomorrow. Could they really have gotten the info they needed that quickly? Or am I likely to hear from them again with possible amendments to my premium?

Any help greatly appreciated

Quentin

It would differ depending on the gp

You need to pose your questions to the insurer. Ask for confirmation in writing if you are assured your premium won't change

ThinkingOutLoud_2

Per Quentin. Ask.

Sounds too quick for it all to be sorted. But maybe your GP is on the ball.

Depending on the condition and what you have said; maybe the GPs report is more of a check and balance = they have priced based on what you have told them. So no rerating or premium change is expected?

Weighty1

A surgery completing a GPR in a week is extremely unusual and quick. A GPR being completed, received by the insurer, assessed and then a decision applied within this timeframe would be nigh on impossible.

The insurer wouldn't be able to start the policy unless standard terms are offered so I wouldn't be concerned with an increased premium if the cover has been put on risk, but personally I think this is an administrative error. Just give them a call to check.

bright_side

Thank you very much for your replies. A quick phone conversation has confirmed that my policy is active and they didn't need a GPs report after all! Thanks again x

Chris_Pollard

I was wondering if this was one of the new "i-GPR's" - these are electronic reports that can be completed by GP's in minutes and returned - all paperless. The majority of surgeries in the UK now have the software to use this system - however some surgeries aren't changing their behaviour and still use paper. I'm confident that one day, soon, the i-GPR will become the surgery "standard". The millions of pounds and millions of man-hours spent on this (unfortunately essential) process by advisers, and providers, for more complex risks can be diverted to a better use - and possibly we'll see premium reductions as well.......let's hope.......