Royal London boosts payouts for critical illness policies

Royal London has increased payouts for its critical illness policies for parents and children, effective tomorrow (29 July). In an announcement today, the insurer said the payout for additional cover conditions for parents was to rise by £5,000 to reach £30,000. This change will also boost any pay-out from its enhanced child critical illness cover (CIC). Death payouts for the enhanced child policy have also been increased to £10,000 for the children's death benefit and stillbirth. This marked a doubling of the previous payout. In addition, for the standard child policy, Royal Londo...