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Home / Critical illness cover / - Major Organ Transplant
Definition
The actual undergoing as a recipient of, or inclusion on an official United Kingdom , the Channel Islands or The Isle of Man waiting list for, a transplant of a heart, liver, lung, pancreas or bone marrow.
What does this mean?
Sometimes a major organ of the body (such as the liver) becomes so diseased that it fails and becomes life threatening. It may therefore be essential to replace it with a healthy organ. For some rare illnesses, such as aplastic anaemia, a major organ transplant (in this case of the bone marrow) may be the only long term cure available. It can take a long time to find the right donor organ, and the waiting list for such operations is often long. The claim will be met therefore upon acceptance onto an official United Kingdom , Channel Islands or Isle of Man waiting list for the relevant transplant.
NEWS
ABI reveals extent of UK insurance fraud
18 October 2007 12:52:17
Fraudulent life insurance and critical illness claims are among those costing the UK's providers £1.6 billion every year, according to new figures.
The Association of British Insurers (ABI) revealed that the amount of money claimed by fraudsters has tripled since 2003.
One in 11 claims, totalling around one million throughout the UK, are in some way lacking in genuineness, with 85 per cent of these exaggerating the value of a genuine problem.
"Fraudulent insurance claims cost £1.6 billion, and add £40 a year to the premiums paid by honest customers," said Nick Starling, director of general insurance and health at the ABI.
"But the industry is fighting back. Insurance cheats are more likely to be caught than ever before. And cheats will pay a high price as future insurance and credit will be more expensive and harder to obtain," he continued.
Almost half of all detected fraud was on household insurance, with a typical scam involving individuals deliberately damaging carpets then claiming it was an accident.
Other claims have been more imaginative, with one man claiming "recovery expenses" after a heart attack he suffered following a holiday visit to a brothel.
Earlier this year the ABI called for greater deterrents, such as criminal prosecutions, to discourage fraud.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, critical illness and life insurance advice
Foreign growth for UK life insurance firm
06 September 2007 16:05:09
UK life cover provider Friends Provident has confirmed plans to extend its overseas operations.
Though it is reportedly planning a £4.6 billion merger with Resolution, its international arms will continue to grow, company executives said at a briefing yesterday (Wednesday September 5th).
Friends Provident International accounted for 50 per cent of the firm's overall new business profits in 2006, while its 2005 acquisition Lombard deals with high and ultra-high net worth accounts, reports Reuters.
Rocco Sepe, head of international operations at Friends Provident, said: "It is very rare that you come across a business like Lombard.
"We will look at acquisitions but you can’t grow a business just like that. You still need a successful organic business with the right relationships and right partners."
He added that Luxembourg-based Lombard may look at business opportunities in Asia, due to favourable taxation rates.
"Historically, we have done well with bolt-on acquisitions as a group. Does that mean we will exclude larger deals? No," Mr Sepe commented.
"It is possible that in some markets we would need an acquisition or become a shareholder in a partner business - that is a possibility we don't rule out."
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, and critical illnesslife insurance policies online.
'Low-fat diet reduces prostate cancer risk'
15 May 2008 16:59:09
Consuming lower levels of the type of fat common in a western diet helps prevent prostate cancer, tests on mice have shown.
Scientists from the University of California claim the discovery is the first of its kind in a mouse model that closely mimics human cancer and are now carrying out similar trials on men - the findings of which may affect life insurance policies.
The team focused their research on fat from corn oil, which is made up primarily of omega-6 fatty acids (polyunsaturated), of which high levels are found in baked and fried goods.
One group of mice was fed a diet with about 40 per cent of calories coming from fat - an amount researchers say is typical in men eating a western diet - while the other group was fed 12 per cent of their calories from fat.
The research revealed more than a 27 per cent reduction in incidence of prostate cancer in the low-fat diet group.
"We didn't know what to expect in terms of the role of reducing dietary fat in preventing prostate cancer," said study senior author William Aronson.
"We think this is an important finding and we are presently performing further studies in animal models and conducting clinical trials in men."
According to Cancer Research UK, prostate cancer is the most common form of the disease in men in the UK, representing a quarter of all new cases.
18 October 2007 12:52:17
Fraudulent life insurance and critical illness claims are among those costing the UK's providers £1.6 billion every year, according to new figures.
The Association of British Insurers (ABI) revealed that the amount of money claimed by fraudsters has tripled since 2003.
One in 11 claims, totalling around one million throughout the UK, are in some way lacking in genuineness, with 85 per cent of these exaggerating the value of a genuine problem.
"Fraudulent insurance claims cost £1.6 billion, and add £40 a year to the premiums paid by honest customers," said Nick Starling, director of general insurance and health at the ABI.
"But the industry is fighting back. Insurance cheats are more likely to be caught than ever before. And cheats will pay a high price as future insurance and credit will be more expensive and harder to obtain," he continued.
Almost half of all detected fraud was on household insurance, with a typical scam involving individuals deliberately damaging carpets then claiming it was an accident.
Other claims have been more imaginative, with one man claiming "recovery expenses" after a heart attack he suffered following a holiday visit to a brothel.
Earlier this year the ABI called for greater deterrents, such as criminal prosecutions, to discourage fraud.
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, critical illness and life insurance advice
06 September 2007 16:05:09
UK life cover provider Friends Provident has confirmed plans to extend its overseas operations.
Though it is reportedly planning a £4.6 billion merger with Resolution, its international arms will continue to grow, company executives said at a briefing yesterday (Wednesday September 5th).
Friends Provident International accounted for 50 per cent of the firm's overall new business profits in 2006, while its 2005 acquisition Lombard deals with high and ultra-high net worth accounts, reports Reuters.
Rocco Sepe, head of international operations at Friends Provident, said: "It is very rare that you come across a business like Lombard.
"We will look at acquisitions but you can’t grow a business just like that. You still need a successful organic business with the right relationships and right partners."
He added that Luxembourg-based Lombard may look at business opportunities in Asia, due to favourable taxation rates.
"Historically, we have done well with bolt-on acquisitions as a group. Does that mean we will exclude larger deals? No," Mr Sepe commented.
"It is possible that in some markets we would need an acquisition or become a shareholder in a partner business - that is a possibility we don't rule out."
Direct Life and Pensions Services Ltd are one of the UK's leading providers of life insurance, term life assurance, mortgage protection, and critical illnesslife insurance policies online.
15 May 2008 16:59:09
Consuming lower levels of the type of fat common in a western diet helps prevent prostate cancer, tests on mice have shown.
Scientists from the University of California claim the discovery is the first of its kind in a mouse model that closely mimics human cancer and are now carrying out similar trials on men - the findings of which may affect life insurance policies.
The team focused their research on fat from corn oil, which is made up primarily of omega-6 fatty acids (polyunsaturated), of which high levels are found in baked and fried goods.
One group of mice was fed a diet with about 40 per cent of calories coming from fat - an amount researchers say is typical in men eating a western diet - while the other group was fed 12 per cent of their calories from fat.
The research revealed more than a 27 per cent reduction in incidence of prostate cancer in the low-fat diet group.
"We didn't know what to expect in terms of the role of reducing dietary fat in preventing prostate cancer," said study senior author William Aronson.
"We think this is an important finding and we are presently performing further studies in animal models and conducting clinical trials in men."
According to Cancer Research UK, prostate cancer is the most common form of the disease in men in the UK, representing a quarter of all new cases.