Customers will be able to choose between 'no cover', 'standard cover' and 'enhanced cover' for children within CIC, which can now include 12 additional child-specific conditions.
Until now children's critical illness insurance has been included in a parent's policy automatically with the cost spread across all policyholders, effectively providing a subsidy for those with children. Royal London's revision of CIC will mean children's cover can be added or removed at any time with no medical underwriting involved. The new CIC template enables two levels of children's cover - standard and enhanced. Enhanced children's cover includes the addition of 12 child-specific conditions (including cerebral palsy, child diabetes and cystic fibrosis, among others) and an i...
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