L&G updates CIC and IP propositions

Increased pay out amounts

Jaskeet Briah
clock • 3 min read

Legal and General Retail Protection (L&G) has made a series of enhancements to its critical illness cover (CIC) and income protection (IP) products.

As part of the updates, fracture cover is no longer being offered to new applicants or existing plan holders at renewal. Under its Critical Illness Extra and Children's Critical Illness Extra plans, L&G has increased the payment levels for both additional payment conditions and children's critical illness. This includes an "improved" additional payment amount of 100% up to the value of £35,000 for Critical Illness Extra from the lower of £35,000 or 50% of the sum insured. The amount payable for Children's Critical Illness Extra has increased to £40,000 or 100% of the sum insured fr...

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 Individual Protection

NHS waiting list rises to 7.4m patients in July 2025

NHS waiting list rises to 7.4m patients in July 2025

Levels rebound from a two-year low

Jaskeet Briah
clock 11 September 2025 • 2 min read
A coffee a day keeps the doctor away

A coffee a day keeps the doctor away

The benefit of everyday benefits

Cameron Roberts
clock 11 September 2025 • 5 min read
Recognising World Suicide Prevention Day

Recognising World Suicide Prevention Day

Changing the Narrative

Cameron Roberts
clock 10 September 2025 • 3 min read