Protection experts have so far responded positively to the Association of British Insurers (ABI)'s public consultation, the Guide to Minimum Standards for Critical Illness insurance.
The trade body has published further details of the scope of the consultation around critical illness (CI) definitions, wordings and exclusions. Since 1999, the ABI published this framework under the name 'Statement of Best Practice for Critical Illness' and this year has renamed the guide to reflect minimum standards for insurers to adhere to. The ABI has also u-turned on earlier leaked proposals to make all stage one cancers eligible for partial payments only. Jennifer Gilchrist, proposition...
The critical illness template is broken - so start with the premise that any condition which results in an agreed outcome deserves to be paid
Closing keynote address from multi-medal winning Paralympian plus full details of conference programme revealed
Four protection distributors with 60 adviser firms join 'test and learn' process before full market roll-out in six weeks
Gary Burchett, protection director at Scottish Widows, on heart disease and the 35th anniversary of critical illness cover