LV has overhauled its income protection (IP) and critical illness (CI) offerings, including extending coverage on both to age 70.
Defaqto believes the onus is on insurers to make the new ABI critical illness (CI) statement of best practice a success.
LV= has improved its claims paid figures for both critical illness (CI) and income protection (IP) during last year.
The ABI has published its latest update to the critical illness (CI) statement of best practice which it hopes will improve customer understanding of the product.
Zurich has revealed that less than 1% of its critical illness claims were declined for non-disclosure last year.
Advisers are at risk of further FSA action as miscommunication between AIFA and the ABI means many are not aware of critical illness (CI) sales guidelines released last year.
The ABI's reforms of Total and Permanent Disability (TPD) definitions on critical illness (CI) policies have not been well received by advisers.
Recently rebranded Ageas Protect has launched ‘Low Start', a personal protection product offering the same cover as its YourLife Plan at a lower initial cost.
Bupa has raised medical underwriting limits on its life and critical illness plans.
Bright Grey has extended the definitions of three critical illnesses it covers.