Impartial reviews on the latest products and how they can impact consumers.
October 2017 Simplyhealth: Other
Care for Life is an add on service for Simplyhealth’s corporate customers to enable their employees to get help with care. The service is aimed at working carers. The online service provides information and gives employees access to care, legal and later life finance experts. It also includes explanations, daily living tips, essential legal and financial facts, quick searches to local support services and content tailored to each employee’s care journey. Simplyhealth points out that every day, some 6,000 people take on a new caring responsibility. That equates to over two million people, and around 1 in 9 adults are…
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October 2017 AXA PPP healthcare: iPMI
AXA – Global Healthcare has enhanced its iPMI range to now include key offerings such as the International Health Plan, and Global Protect Health Plan in Hong Kong. The main changes are: Overall policy limit. This has been increased on the Standard and Prestige Plus plans. Outpatient combined limit. AXA says treatment cost varies by country, and on the Comprehensive and Prestige plans it has increased the outpatient limit. This benefit pays for diagnostic tests plus physiotherapy, and visits to a doctor. Ambulance transport. The old limit for ambulance transportation has been scrapped across all levels of cover. Following market…
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October 2017 Aviva: CI
Aviva has introduced changes to its Life Insurance+ and Critical Illness+ products. The definitions for cardiomyopathy and spinal stroke have both been widened on the core plan. The benign spinal cord tumour definition has been widened on the upgraded adult and child plans. On the child plan, if a child is diagnosed with cancer, a fixed payment of £50,000 is made (as it already was on some other serious conditions). Aviva will also pay a fixed sum of £10,000 on a child’s advanced illness (its term for a terminal illness). This is in addition to the £5,000 benefit payable on…
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October 2017 VitalityLife: Other
The concept behind Vitality Lite is very simple – just offer a lower minimum premium and a smaller benefits package to attract more customers. So, whereas the minimum premium for Vitality and Wellness Optimiser is £30 a month (£40 for joint life applications), that drops to just £8 (Life Essentials) or £10 (Life Plan/ Business protection/Relevant Life Plan) on Vitality Lite. For an additional £1.50 a month (compared to £3.80 on Vitality Plus), customers get access to a reduced range of benefits. The list is set out online at https://adviser.vitality.co.uk/life-insurance/healthy-living-options/vitality-lite-and-vitality-plus/ so customers can see what they are getting – and…
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October 2017 Royal London: IP
Royal London’s Income Protection proposition has been updated with a range of changes aimed at ensuring the proposition continues to meet clients’ changing needs. All changes are included as standard and the new benefits added to the menu product are: Fracture cover. This pays up to £4,000 per claim with a maximum of two claims in any 12 month period. Multiple fractures are covered, up to the £4,000 claim limit. Hospitalisation payment. This pays: £100 a night if more than six consecutive nights are spent in hospital during the deferred period. That includes connected claims, up to a maximum of…
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