Alan Lakey: The actual value of additional payment conditions

It wasn't that long ago that most insurers paid the lower of £25,000 or 25% of the sum insured for an additional payment condition claim. Over the past four years the playing field has changed and now a wide range of payment calculations now exist, as shown by Table 1. Table 1   Maximum Payment Maximum Percentage   Aegon £25,000 25% AIG £35,000 50% AIG Key3 n/a n/a Aviva Life+ £25,000 25% Aviva Life+ Upgraded £25,000 100% Aviva Critical Illness D2C 1 £20,000 20% ...