MMS Keystone product receives Defaqto award

The Keystone Regular Commitments Protection Plan, which is administered by MMS and underwritten at Lloyd’s, has achieved Defaqto's 5 Star Rating.

Keystone, which is also described as income replacement or ASU (Accident, Sickness and Unemployment) cover, was launched during 2009 as a solution to some of the problems being faced by the payment protection (PPI) sector at the time.

It is designed to provide cover for monthly commitments such as mortgage and rental payments through utilities bills and insurance premiums to Sky TV and gym membership fees.

Keystone is only available through insurance brokers.

Jason Stones, sales manager at MMS, said: "We are absolutely delighted to have achieved this distinction. We have put several years of effort into developing a new approach to the challenges created by the recent, well publicised, issues in the payment protection market.

"Our efforts have clearly paid off and I would welcome the chance to demonstrate the Keystone product to any insurance professional who may be interested.”