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Standard Life joins with Summit to offer climbing insurance

UK insurer Standard Life Assurance has entered into a single-tie arrangement with Summit Financial Services, an insurance provider specializing in life cover, critical illness cover and income protection cover for climbers, mountaineers, and hill walkers.

<p>According to Standard Life, it has developed a bespoke underwriting approach through which the majority of climbers can be accepted on standard terms for climbing in the UK.<br /><br />The single-tie, which is in relation to life insurance, will be promoted to climbers through Summit&#0039;s association with the British Mountaineering Council. A special application form has been designed with the aim of making it easier for Summit clients to apply for insurance cover.<br /><br />Mick James, protection-marketing manager of Standard Life, said: Climbers have had problems in the past securing competitive life insurance in the UK. The single-tie with Summit has enabled us to fully understand the risks involved in insuring this group of customers. <br /><br />David Hallam of Summit, added: The new exclusive terms which we are able to offer give a fair deal that has not been available before in this niche part of the protection market, and should prove an attractive proposition for anyone taking to the hills.<br /><br />Standard Life and Summit Financial Services have said that for every case sold through the agreement until the end of 2007, they will make a donation to the Community Action Nepal charity, which was founded by Doug Scott, the first British man to reach the summit of Everest.</p>