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New critical illness definitions from Bright Grey
12 April 2007 15:50:36
It is hoped that the move will allow consumers to more easily see what areas are covered in policies and ensure that critical illness insurance products remain serviceable long in to the future.
The ABI's best practice statement has been long awaited and has been praised from many quarters.
Roger Edwards, the product director at Bright Grey, remarked: "The ABI definitions should bring greater clarity for customers through the revised headings.
"Like all providers, we've been through a reassurance re-broking process in order to introduce these new standard definitions, and we've taken the opportunity to investigate where we can include new illnesses and go beyond some of the definitions."
The company has also announced that it is set to introduce four new illnesses to its critical illness cover, including severe lung disease resulting in permanent symptoms.
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