VitalityLife has made three enhancements to its Serious Illness Cover product that the insurer believes will lead to "more claims and, therefore, more pay outs for customers."
The enhancements are Cancer Relapse Benefit, multiple claims for heart attack and stroke as well as the addition of new conditions and definitions. Under Cancer Relapse Benefit, Vitality will pay out an extra 50% of the sum assured on the recurrence of cancer - either a relapse of the original cancer at the same or lower severity or a new primary cancer - after a one year period of remission. Customers will also be able to claim for multiple heart attacks and strokes at the same or lower severity...
H1 2020 claims stats show
‘Step in the right direction’
‘Over the past four years the playing field has changed’
Importance of advice & full disclosure
Following January 2020 changes