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Daily Insurance Industry News
Saturday 25th of March 2017
August 12, 2012

Friends enhances critical illness offering

by Gill Montia

Story link: Friends enhances critical illness offering

Friends Life has enhanced coverage on a number of its critical illness policies by adding new conditions, enhanced ABI+ definitions and removing restrictions on pay-outs linked to terminal illnesses.

New conditions covered are: Sudden Cardiac Arrest, Pituitary Tumour, Cerebral Arteriovenous Malformation and Cerebral Aneurysm. Childs Hydrocephalus has also been added for children.

In addition, Sudden Cardiac Arrest will be eligible for a full payment up to 100% of the sum assured and Ulcerative Colitis has been enhanced from a partial to a full payment.

Three conditions have been enhanced to ABI+ status as follows: Major Organ Transplant, Blindness and TPD.

Regarding terminal illness payments, these will now be paid in cases where a terminal illness is diagnosed within 12 months of the end date of the policy.

 

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