Scottish Widows updates critical illness wordings for Protect plan

Prostate cancer coverage extended

Jaskeet Briah
clock • 2 min read

Scottish Widows has updated its Protect plan with changes to its critical illness cover (CIC) to comply with the Association of British Insurers (ABI) minimum wordings requirement, which is mandated to take effect by 31 January.

The main alteration is the switch to 100% payment for early-stage prostate cancer if treated by prostatectomy (surgical removal of the prostate), which the group said provides an improvement on the previous claim wording for older male lives and results in a fall in the value of the early-stage prostate cancer condition. The ABI exclusion, in respect of stage 1 thyroid cancer, has not been adopted, and all other changes have no or little impact on the payment of claims and in most cases are clarifications, the group said.  As part of the changes, Scottish Widows Protect has extended i...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Critical Illness

CIC knowledge gap widening: Vitality

CIC knowledge gap widening: Vitality

Nearly half of those covered not aware of claim conditions

Cameron Roberts
clock 27 March 2024 • 1 min read
Half of CIC policyholders unaware of claimable conditions: Vitality

Half of CIC policyholders unaware of claimable conditions: Vitality

Lack of awareness around Crohn’s diagnosis payout

Jaskeet Briah
clock 07 March 2024 • 2 min read
As seen on TV

As seen on TV

More focus needed on consumer CI awareness

Alan Lakey
clock 23 February 2024 • 3 min read