Standard Life has increased the limit under which applicants need not provide medical evidence to £150,000 on its endowment and mortgage protection products.
The increase, from £100,000, applies to new loans and remortgages.
Instead of the 11 questions asked on a full underwriting questionnaire, applicants will be required to complete just three questions, making the process simpler and faster.
Kenny Brogan, product manager, house purchase and protection, at Standard Life, said: “For the first time the average house price in the UK has topped £100,000, while remortgages continue to increase in popularity.
These enhancements will allow more customers to benefit from a faster and more convenient application process when buying insurance to back a mortgage.”
