Alan Lakey: How children's critical illness cover has evolved

One notable change in recent years is that children's critical illness cover has been receiving the same attention to detail as adult cover. Typically children's claims average around 4% of total claims but this may be underestimating the ‘true' position. AIG's figures may be more indicative of reality because as a ‘new' insurer it carries no burden of legacy plans where the child cover was poor, non-existent or where the children have subsequently grown into adults and no longer qualify. Of course, it also helps that its child cover is of a high quality. This table shows the 2017 chi...