Daily Insurance Industry News
 
 
Daily Insurance Industry News
Wednesday 22nd of May 2019
July 16, 2012

Aviva enhances critical illness cover

by Gill Montia

Story link: Aviva enhances critical illness cover

Aviva enhances critical illness cover

Aviva has extended the level of cover on new critical illness (CI) policies with changes including additional benefits for new conditions, new ABI+ definitions and increased maximum payments for child CI cover.

Five CI conditions have been enhanced beyond ABI standard definitions as follows: cancer, Alzheimer’s disease, Parkinson’s disease, major organ transplant and motor neurone disease.

The inclusion of cancer means that the top four conditions – accounting for 90% of all claims – will have an ABI+ status with Aviva.

In addition, new critical illness customers will be covered for three new conditions: significant visual impairment, Crohn’s disease treated with intestinal resection and removal of an eyeball.

Each condition will be eligible for a payment of up to £20,000 as an additional benefit, separate to the main policy.

Finally, the children’s benefit included within new CI policies will now offer payments of up to £25,000, per policy, per child.

Again, this is an additional benefit, meaning the policy will continue in force following such a claim.

Robert Morrison, chief underwriter for Aviva, says: “We’re committed to designing clear, effective products and we are confident these changes will help both advisers and customers to understand the excellent level of cover we offer.”

In 2011, Aviva paid 94.1% of its critical illness claims.

 

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